Xiamen Anne (SZSE:002235) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Xiamen Anne Debt-to-Equity?

Xiamen Anne's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥61.4 Mil. Xiamen Anne's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.7 Mil. Xiamen Anne's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥725.6 Mil. Xiamen Anne'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 Xiamen Anne's Debt-to-Equity or its related term are showing as below:

SZSE:002235' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.41
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Xiamen Anne was 0.41. The lowest was 0.01. And the median was 0.08.

SZSE:002235's Debt-to-Equity is ranked better than
84.53% of 265 companies
in the Forest Products industry
Industry Median: 0.49 vs SZSE:002235: 0.09

Xiamen Anne Debt-to-Equity Historical Data

The historical data trend for Xiamen Anne'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.

Xiamen Anne Debt-to-Equity Chart

Xiamen Anne Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.16

0.09

0.06

0.09

Xiamen Anne 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															0.05	0.08	0.08	0.09	0.09

Competitive Comparison of Xiamen Anne's Debt-to-Equity

For the Paper & Paper Products subindustry, Xiamen Anne'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.

Xiamen Anne's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Xiamen Anne's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Xiamen Anne's Debt-to-Equity falls into.

Xiamen Anne Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xiamen Anne'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
	=	(61.603	+	0.672)	/	721.717
	=	0.09

Xiamen Anne'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
	=	(61.412	+	0.662)	/	725.648
	=	0.09

Xiamen Anne (SZSE:002235) 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.

Xiamen Anne Debt-to-Equity Related Terms

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

Xiamen Anne (SZSE:002235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Xiamen Anne Corp Ltd (SZSE:002235) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 99 Jinyuan South Road, Xinlin, Jimei District, Fujian, Xiamen, CHN, 361022

Website

http://www.anne.com.cn

Xiamen Anne Corp Ltd is a China-based company focused on the research and development, production, distribution and integrated application and services. Its businesses include digital rights services, digital marketing services, business information paper products marketing services, and lottery marketing services. The company specializes in offering online digital rights application services. Its product, Digital Copyright Service Platform for Digital Rights, as long as 3 minutes, utilizes innovative intelligent AI and blockchain reinforcement technology to provide digital rights services based on the DCI digital copyright protection system.

Executives

Liu Xiao Hai	Independent director
Zhang Jie	Directors, executives
Yang Chao	Directors, executives
Huang Yi Nian	Supervisors
Xie Rong	Supervisors, securities affairs representatives
Dai Si Hong	Supervisors
Ye Quan Qing	Directors, executives
Xu Zhi Qiang	Executives
Lin Xu Xi	Director
Huang Qing Hua	Directors, executives
Wang Mei Ying	Executives
Guo Yong Fang	Independent director
Zhang Hui	Directors, executives
Yang Qin Tao	Executives
Zhou Zhen Guo	Supervisors

Xiamen Anne (SZSE:002235) Headlines

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