Rainbow Digital Commercial Co (SZSE:002419) Debt-to-Equity : 2.81 (As of Mar. 2024)

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What is Rainbow Digital Commercial Co Debt-to-Equity?

Rainbow Digital Commercial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,618 Mil. Rainbow Digital Commercial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10,621 Mil. Rainbow Digital Commercial Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,358 Mil. Rainbow Digital Commercial Co's debt to equity for the quarter that ended in Mar. 2024 was 2.81.

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 Rainbow Digital Commercial Co's Debt-to-Equity or its related term are showing as below:

SZSE:002419' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 3.09 Max: 4.02
Current: 2.81

During the past 13 years, the highest Debt-to-Equity Ratio of Rainbow Digital Commercial Co was 4.02. The lowest was 0.01. And the median was 3.09.

SZSE:002419's Debt-to-Equity is ranked worse than
90.02% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs SZSE:002419: 2.81

Rainbow Digital Commercial Co Debt-to-Equity Historical Data

The historical data trend for Rainbow Digital Commercial 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.

Rainbow Digital Commercial Co Debt-to-Equity Chart

Rainbow Digital Commercial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.69

4.02

3.66

2.99

Rainbow Digital Commercial 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															3.27	3.11	3.09	2.99	2.81

Competitive Comparison of Rainbow Digital Commercial Co's Debt-to-Equity

For the Department Stores subindustry, Rainbow Digital Commercial 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.

Rainbow Digital Commercial Co's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Rainbow Digital Commercial Co's Debt-to-Equity falls into.

Rainbow Digital Commercial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rainbow Digital Commercial 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
	=	(1708.324	+	10864.754)	/	4208.47
	=	2.99

Rainbow Digital Commercial 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
	=	(1617.68	+	10621.425)	/	4357.655
	=	2.81

Rainbow Digital Commercial Co (SZSE:002419) 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.

Rainbow Digital Commercial Co Debt-to-Equity Related Terms

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

Rainbow Digital Commercial Co (SZSE:002419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rainbow Digital Commercial Co Ltd (SZSE:002419) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 3019, Central Road (Shenzhen Bay Section), 9th-14th Floor, 17th-20th Floor, Tianhong Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.rainbow.cn

Rainbow Digital Commercial Co Ltd operates a platform-based business with department stores, shopping malls and vertical business with supermarkets, convenience stores. It sells daily necessities, textiles, clothing, cosmetics, food, salt, beverages, health foods, agricultural and sideline products, household appliances and electronic products, culture, sports goods and equipment, building materials and chemical products.

Rainbow Digital Commercial Co (SZSE:002419) Headlines

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