LBX Pharmacy Chain JSC (SHSE:603883) Debt-to-Equity : 0.72 (As of Mar. 2024)

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What is LBX Pharmacy Chain JSC Debt-to-Equity?

LBX Pharmacy Chain JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,734 Mil. LBX Pharmacy Chain JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,352 Mil. LBX Pharmacy Chain JSC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥7,036 Mil. LBX Pharmacy Chain JSC's debt to equity for the quarter that ended in Mar. 2024 was 0.72.

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 LBX Pharmacy Chain JSC's Debt-to-Equity or its related term are showing as below:

SHSE:603883' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.61 Max: 1.38
Current: 0.72

During the past 13 years, the highest Debt-to-Equity Ratio of LBX Pharmacy Chain JSC was 1.38. The lowest was 0.00. And the median was 0.61.

SHSE:603883's Debt-to-Equity is ranked worse than
62.21% of 553 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs SHSE:603883: 0.72

LBX Pharmacy Chain JSC Debt-to-Equity Historical Data

The historical data trend for LBX Pharmacy Chain JSC'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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LBX Pharmacy Chain JSC Debt-to-Equity Chart

LBX Pharmacy Chain JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.53

1.13

1.38

0.84

0.75

LBX Pharmacy Chain JSC 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															0.79	0.82	0.86	0.75	0.72

Competitive Comparison of LBX Pharmacy Chain JSC's Debt-to-Equity

For the Pharmaceutical Retailers subindustry, LBX Pharmacy Chain JSC'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.

LBX Pharmacy Chain JSC's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, LBX Pharmacy Chain JSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where LBX Pharmacy Chain JSC's Debt-to-Equity falls into.

LBX Pharmacy Chain JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LBX Pharmacy Chain JSC'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
	=	(2283.265	+	2749.719)	/	6701.236
	=	0.75

LBX Pharmacy Chain JSC'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
	=	(1733.676	+	3352.062)	/	7035.514
	=	0.72

LBX Pharmacy Chain JSC (SHSE:603883) 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.

LBX Pharmacy Chain JSC Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of LBX Pharmacy Chain JSC's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

LBX Pharmacy Chain JSC (SHSE:603883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LBX Pharmacy Chain JSC (SHSE:603883) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 288, Xiangya Road, Kaifu District, Hunan, Changsha, CHN, 410005

Website

http://www.lbxdrugs.com

LBX Pharmacy Chain JSC is a China-based company engages in the sale of medicine and health products. The company is engaged in retailing drugs and other related products, including Chinese and Western medicine, prepared slices of Chinese crude drugs, health equipment, healthy food, and personal care products and life care products. The company is also involved in the wholesale and manufacture of drugs.

LBX Pharmacy Chain JSC (SHSE:603883) Headlines

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