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ZheJiang Jasan Holding Group Co (SHSE:603558) Debt-to-Equity : 0.29 (As of Mar. 2024)


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What is ZheJiang Jasan Holding Group Co Debt-to-Equity?

ZheJiang Jasan Holding Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥645 Mil. ZheJiang Jasan Holding Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥77 Mil. ZheJiang Jasan Holding Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,463 Mil. ZheJiang Jasan Holding Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 ZheJiang Jasan Holding Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:603558' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07   Med: 0.27   Max: 0.89
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of ZheJiang Jasan Holding Group Co was 0.89. The lowest was 0.07. And the median was 0.27.

SHSE:603558's Debt-to-Equity is ranked better than
61.97% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs SHSE:603558: 0.29

ZheJiang Jasan Holding Group Co Debt-to-Equity Historical Data

The historical data trend for ZheJiang Jasan Holding Group 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.

ZheJiang Jasan Holding Group Co Debt-to-Equity Chart

ZheJiang Jasan Holding Group 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 0.13 0.26 0.46 0.41 0.31

ZheJiang Jasan Holding Group 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 0.37 0.42 0.27 0.31 0.29

Competitive Comparison of ZheJiang Jasan Holding Group Co's Debt-to-Equity

For the Apparel Manufacturing subindustry, ZheJiang Jasan Holding Group 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.


ZheJiang Jasan Holding Group Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ZheJiang Jasan Holding Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ZheJiang Jasan Holding Group Co's Debt-to-Equity falls into.



ZheJiang Jasan Holding Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZheJiang Jasan Holding Group Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

ZheJiang Jasan Holding Group 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.


ZheJiang Jasan Holding Group Co  (SHSE:603558) 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.


ZheJiang Jasan Holding Group Co Debt-to-Equity Related Terms

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ZheJiang Jasan Holding Group Co (SHSE:603558) Business Description

Traded in Other Exchanges
N/A
Address
No.111, JinYi Road, Xiaoshan Economic and Technological Development Zone, Hangzhou, CHN, 311215
ZheJiang Jasan Holding Group Co Ltd is engaged in research, development, designing manufacturing and servicing of knitwear. It offers its products under various brands such as ADIDAS, PUMA, NEW BALANCE, FILA, TOMMY HILFIGER and others.
Executives
Zhang Mao Yi Directors, senior managers
Xu Jun Chen senior management
Hu Tian Xing Director
Li Wei Ping Director
Jiang Feng Director
Zhou Shui Ying Director

ZheJiang Jasan Holding Group Co (SHSE:603558) Headlines

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