Bestore Co (SHSE:603719) Debt-to-Equity : 0.22 (As of Mar. 2024)

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What is Bestore Co Debt-to-Equity?

Bestore Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥240 Mil. Bestore Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥319 Mil. Bestore Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,554 Mil. Bestore Co's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

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 Bestore Co's Debt-to-Equity or its related term are showing as below:

SHSE:603719' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.18 Max: 0.35
Current: 0.22

During the past 9 years, the highest Debt-to-Equity Ratio of Bestore Co was 0.35. The lowest was 0.02. And the median was 0.18.

SHSE:603719's Debt-to-Equity is ranked better than
66.3% of 1647 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SHSE:603719: 0.22

Bestore Co Debt-to-Equity Historical Data

The historical data trend for Bestore 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.

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Bestore Co Debt-to-Equity Chart

Bestore Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.35

Bestore 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															0.16	0.27	0.31	0.35	0.22

Competitive Comparison of Bestore Co's Debt-to-Equity

For the Packaged Foods subindustry, Bestore 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.

Bestore Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Bestore Co's Debt-to-Equity falls into.

Bestore Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(474.244	+	391.735)	/	2489.308
	=	0.35

Bestore Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(239.725	+	318.68)	/	2553.767
	=	0.22

Bestore Co (SHSE:603719) 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.

Bestore Co Debt-to-Equity Related Terms

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Bestore Co (SHSE:603719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bestore Co Ltd (SHSE:603719) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 8 Zaomaling Innovation Avenue, Dongxihu District, Hubei Province, Wuhan, CHN, 430000

Website

http://www.517lppz.com

Bestore Co Ltd is engaged in the procurement, sales and operation of snack foods. The company's products include bulk food including refrigerated frozen food, bulk cooked food; pre-packaged food including refrigerated frozen food; special food such as health products, infant formula milk powder, other infant formula; vegetables; dried fruits; flowers; daily necessities; agricultural products; agricultural and sideline products; hot foods including semi-finished foods; pastry foods including decorating foods; production and sale of homemade beverages including homemade fresh milk beverages; cold foods; raw foods including meat products, raw seafood foods; food packaging and processing; storage services, and venue rental.

Bestore Co (SHSE:603719) Headlines

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