Zhe Jiang Li Zi Yuan Food Co (SHSE:605337) Debt-to-Equity : 0.37 (As of Mar. 2024)

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What is Zhe Jiang Li Zi Yuan Food Co Debt-to-Equity?

Zhe Jiang Li Zi Yuan Food Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥70 Mil. Zhe Jiang Li Zi Yuan Food Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥575 Mil. Zhe Jiang Li Zi Yuan Food Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,762 Mil. Zhe Jiang Li Zi Yuan Food Co's debt to equity for the quarter that ended in Mar. 2024 was 0.37.

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 Zhe Jiang Li Zi Yuan Food Co's Debt-to-Equity or its related term are showing as below:

SHSE:605337' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.45
Current: 0.37

During the past 8 years, the highest Debt-to-Equity Ratio of Zhe Jiang Li Zi Yuan Food Co was 0.45. The lowest was 0.00. And the median was 0.05.

SHSE:605337's Debt-to-Equity is ranked better than
53.47% of 1644 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SHSE:605337: 0.37

Zhe Jiang Li Zi Yuan Food Co Debt-to-Equity Historical Data

The historical data trend for Zhe Jiang Li Zi Yuan Food 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.

Zhe Jiang Li Zi Yuan Food Co Debt-to-Equity Chart

Zhe Jiang Li Zi Yuan Food Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.05

0.04

0.45

Zhe Jiang Li Zi Yuan Food 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															0.04	0.34	0.37	0.45	0.37

Competitive Comparison of Zhe Jiang Li Zi Yuan Food Co's Debt-to-Equity

For the Packaged Foods subindustry, Zhe Jiang Li Zi Yuan Food 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.

Zhe Jiang Li Zi Yuan Food Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhe Jiang Li Zi Yuan Food Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhe Jiang Li Zi Yuan Food Co's Debt-to-Equity falls into.

Zhe Jiang Li Zi Yuan Food Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhe Jiang Li Zi Yuan Food 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
	=	(200.739	+	568.933)	/	1705.417
	=	0.45

Zhe Jiang Li Zi Yuan Food 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
	=	(69.621	+	574.506)	/	1762.373
	=	0.37

Zhe Jiang Li Zi Yuan Food Co (SHSE:605337) 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.

Zhe Jiang Li Zi Yuan Food Co Debt-to-Equity Related Terms

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Zhe Jiang Li Zi Yuan Food Co (SHSE:605337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhe Jiang Li Zi Yuan Food Co Ltd (SHSE:605337) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Liziyuan Industrial Park, Caozhai Town, Jindong District, Zhejiang Province, Jinhua, CHN, 321031

Website

http://www.liziyuan.com

Zhe Jiang Li Zi Yuan Food Co Ltd is engaged in research and development, production and sales of milk-containing beverages and other beverages such as sweet milk and milk beverage series. Its products include dairy products, vegetable protein beverages, compound protein beverages, fruit juice beverages, and cereal beverages.

Executives

Fang Jian Hua	senior management
Li Guo Ping	Director
Xu Fu Sheng	senior management
Su Zhong Jun	Director
Wang Xu Bin	Director
Cui Hong Wei	Supervisors
Sun Xu Fen	senior management
Zhu Wen Xiu	Director
Cheng Wei Zhong	senior management
Wang Shun Yu	Director
Zheng Song You	Supervisors

Zhe Jiang Li Zi Yuan Food Co (SHSE:605337) Headlines

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