Wushang Group Co (SZSE:000501) Debt-to-Equity : 0.91 (As of Mar. 2024)

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What is Wushang Group Co Debt-to-Equity?

Wushang Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,059 Mil. Wushang Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,065 Mil. Wushang Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥11,165 Mil. Wushang Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.91.

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

SZSE:000501' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.63 Max: 1.17
Current: 0.91

During the past 13 years, the highest Debt-to-Equity Ratio of Wushang Group Co was 1.17. The lowest was 0.26. And the median was 0.63.

SZSE:000501's Debt-to-Equity is ranked worse than
63.44% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs SZSE:000501: 0.91

Wushang Group Co Debt-to-Equity Historical Data

The historical data trend for Wushang 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.

Wushang Group Co Debt-to-Equity Chart

Wushang Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.37

0.55

0.72

0.89

0.88

Wushang 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															0.97	0.97	0.98	0.88	0.91

Competitive Comparison of Wushang Group Co's Debt-to-Equity

For the Department Stores subindustry, Wushang 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.

Wushang Group Co's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Wushang Group Co's Debt-to-Equity distribution charts can be found below:

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

Wushang Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wushang Group 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
	=	(2967.733	+	6784.574)	/	11037.05
	=	0.88

Wushang Group 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
	=	(3059.308	+	7064.746)	/	11164.825
	=	0.91

Wushang Group Co (SZSE:000501) 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.

Wushang Group Co Debt-to-Equity Related Terms

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Wushang Group Co (SZSE:000501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wushang Group Co Ltd (SZSE:000501) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 690 Jiefang Avenue, Wuhan International Plaza, Jianghan District, 8th Floor, Hankou, Wuhan, CHN, 430022

Website

http://www.wushang.com.cn

Wushang Group Co Ltd is engaged in the operation and development of the retail industry. The company operates as a commercial city, shopping malls, and supermarket chains. Its business includes Tender Notice, New supply chain for department stores, New Department, New supply chain for supermarkets, and New Supermarket.

Wushang Group Co (SZSE:000501) Headlines

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