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Jiangsu Provincial Agricultural Reclamation and Development Co (SHSE:601952) Debt-to-Equity : 0.76 (As of Mar. 2024)


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What is Jiangsu Provincial Agricultural Reclamation and Development Co Debt-to-Equity?

Jiangsu Provincial Agricultural Reclamation and Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥541 Mil. Jiangsu Provincial Agricultural Reclamation and Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,571 Mil. Jiangsu Provincial Agricultural Reclamation and Development Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥6,759 Mil. Jiangsu Provincial Agricultural Reclamation and Development Co's debt to equity for the quarter that ended in Mar. 2024 was 0.76.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Jiangsu Provincial Agricultural Reclamation and Development Co's Debt-to-Equity or its related term are showing as below:

SHSE:601952' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.13   Max: 1.15
Current: 0.76

During the past 12 years, the highest Debt-to-Equity Ratio of Jiangsu Provincial Agricultural Reclamation and Development Co was 1.15. The lowest was 0.02. And the median was 0.13.

SHSE:601952's Debt-to-Equity is ranked worse than
69.31% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SHSE:601952: 0.76

Jiangsu Provincial Agricultural Reclamation and Development Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Provincial Agricultural Reclamation and Development Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Jiangsu Provincial Agricultural Reclamation and Development Co Debt-to-Equity Chart

Jiangsu Provincial Agricultural Reclamation and Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 1.12 0.97 0.92 0.77

Jiangsu Provincial Agricultural Reclamation and Development Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.94 0.86 0.77 0.76

Competitive Comparison of Jiangsu Provincial Agricultural Reclamation and Development Co's Debt-to-Equity

For the Farm Products subindustry, Jiangsu Provincial Agricultural Reclamation and Development Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Jiangsu Provincial Agricultural Reclamation and Development Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jiangsu Provincial Agricultural Reclamation and Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Provincial Agricultural Reclamation and Development Co's Debt-to-Equity falls into.



Jiangsu Provincial Agricultural Reclamation and Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Provincial Agricultural Reclamation and Development Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Jiangsu Provincial Agricultural Reclamation and Development Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Jiangsu Provincial Agricultural Reclamation and Development Co  (SHSE:601952) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Jiangsu Provincial Agricultural Reclamation and Development Co Debt-to-Equity Related Terms

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Jiangsu Provincial Agricultural Reclamation and Development Co (SHSE:601952) Business Description

Traded in Other Exchanges
N/A
Address
No.359 Jiangdong Middle Road, 24th Floor, Guorui Building, Jianye District, Jiangsu Province, Nanjing, CHN, 210019
Jiangsu Provincial Agricultural Reclamation and Development Co Ltd is a China-based agricultural company. It is engaged in commodity grain (seed) planting production, agricultural products processing and sales, agricultural technology research and development. The brand portfolio of the company includes Dahua and Su Shi.

Jiangsu Provincial Agricultural Reclamation and Development Co (SHSE:601952) Headlines

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