Shanghai M&G Stationery (SHSE:603899) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Shanghai M&G Stationery Debt-to-Equity?

Shanghai M&G Stationery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥416 Mil. Shanghai M&G Stationery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥218 Mil. Shanghai M&G Stationery's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,205 Mil. Shanghai M&G Stationery's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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 Shanghai M&G Stationery's Debt-to-Equity or its related term are showing as below:

SHSE:603899' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.1
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai M&G Stationery was 0.10. The lowest was 0.00. And the median was 0.08.

SHSE:603899's Debt-to-Equity is ranked better than
78.07% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:603899: 0.08

Shanghai M&G Stationery Debt-to-Equity Historical Data

The historical data trend for Shanghai M&G Stationery'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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Shanghai M&G Stationery Debt-to-Equity Chart

Shanghai M&G Stationery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.09

0.08

Shanghai M&G Stationery 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															0.08	0.08	0.08	0.08	0.08

Competitive Comparison of Shanghai M&G Stationery's Debt-to-Equity

For the Business Equipment & Supplies subindustry, Shanghai M&G Stationery'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.

Shanghai M&G Stationery's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai M&G Stationery's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai M&G Stationery's Debt-to-Equity falls into.

Shanghai M&G Stationery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai M&G Stationery'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
	=	(412.343	+	228.642)	/	7833.179
	=	0.08

Shanghai M&G Stationery'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
	=	(415.593	+	218.056)	/	8205.427
	=	0.08

Shanghai M&G Stationery (SHSE:603899) 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.

Shanghai M&G Stationery Debt-to-Equity Related Terms

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Shanghai M&G Stationery (SHSE:603899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai M&G Stationery Inc (SHSE:603899) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

3469 Jinqian Road, Building 3, Fengxian District, Shanghai, CHN, 201406

Website

https://www.mg-pen.com

Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in four segments Office direct selling business and Traditional core business. The majority of the revenue is generated from the Traditional core business which is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationeries. The company provides and manufactures stationery products that include writing instruments, school stationery, office stationery, and other related products. The majority of the revenue is generated in China.

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