Huadong Medicine Co (SZSE:000963) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Huadong Medicine Co Debt-to-Equity?

Huadong Medicine Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,293 Mil. Huadong Medicine Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥602 Mil. Huadong Medicine Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥21,955 Mil. Huadong Medicine Co's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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

SZSE:000963' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.15 Max: 1.27
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Huadong Medicine Co was 1.27. The lowest was 0.08. And the median was 0.15.

SZSE:000963's Debt-to-Equity is ranked better than
74.59% of 854 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs SZSE:000963: 0.09

Huadong Medicine Co Debt-to-Equity Historical Data

The historical data trend for Huadong Medicine 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.

Huadong Medicine Co Debt-to-Equity Chart

Huadong Medicine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.14

0.13

0.10

0.12

0.08

Huadong Medicine 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															0.08	0.12	0.10	0.08	0.09

Competitive Comparison of Huadong Medicine Co's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Huadong Medicine 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.

Huadong Medicine Co's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Huadong Medicine Co's Debt-to-Equity distribution charts can be found below:

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

Huadong Medicine Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Huadong Medicine 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
	=	(1181.723	+	577.455)	/	21047.61
	=	0.08

Huadong Medicine 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
	=	(1293.011	+	602.39)	/	21955.244
	=	0.09

Huadong Medicine Co (SZSE:000963) 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.

Huadong Medicine Co Debt-to-Equity Related Terms

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Huadong Medicine Co (SZSE:000963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Huadong Medicine Co Ltd (SZSE:000963) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

468 Yan’an Road, Floor 7, 9 and 10, Gate No. 1, Building No. 1, Hangzhou, CHN, 310006

Website

http://www.eastchinapharm.com

Huadong Medicine Co Ltd is engaged in the production and sales of antibiotics, proprietary Chinese medicine, chemical synthetic medicine and genetic engineering drugs products. It is also engaged in the wholesale, retail and distribution business of Chinese and western medicine, Chinese herbal medicine, medical apparatus, and instruments. The main business of the company is divided into pharmaceutical business sales and the industry of pharmaceutical. The product portfolio of the company includes Corbrin capsule, Cymusi, New Cyspin, Kasiping, Panlisu, Acarbose, and others.

Huadong Medicine Co (SZSE:000963) Headlines

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