Guangzhou Zhujiang Brewery Co (SZSE:002461) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is Guangzhou Zhujiang Brewery Co Debt-to-Equity?

Guangzhou Zhujiang Brewery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,084 Mil. Guangzhou Zhujiang Brewery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12 Mil. Guangzhou Zhujiang Brewery Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥10,097 Mil. Guangzhou Zhujiang Brewery Co's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

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 Guangzhou Zhujiang Brewery Co's Debt-to-Equity or its related term are showing as below:

SZSE:002461' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: 0.22
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Guangzhou Zhujiang Brewery Co was 0.22. The lowest was 0.00. And the median was 0.13.

SZSE:002461's Debt-to-Equity is ranked better than
74.46% of 184 companies
in the Beverages - Alcoholic industry
Industry Median: 0.39 vs SZSE:002461: 0.11

Guangzhou Zhujiang Brewery Co Debt-to-Equity Historical Data

The historical data trend for Guangzhou Zhujiang Brewery 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.

Guangzhou Zhujiang Brewery Co Debt-to-Equity Chart

Guangzhou Zhujiang Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.14

0.15

0.16

Guangzhou Zhujiang Brewery 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															0.19	0.18	0.22	0.16	0.11

Competitive Comparison of Guangzhou Zhujiang Brewery Co's Debt-to-Equity

For the Beverages - Brewers subindustry, Guangzhou Zhujiang Brewery 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.

Guangzhou Zhujiang Brewery Co's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Guangzhou Zhujiang Brewery Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guangzhou Zhujiang Brewery Co's Debt-to-Equity falls into.

Guangzhou Zhujiang Brewery Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guangzhou Zhujiang Brewery 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
	=	(1601.851	+	12.576)	/	9975.639
	=	0.16

Guangzhou Zhujiang Brewery 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
	=	(1083.978	+	12.341)	/	10096.59
	=	0.11

Guangzhou Zhujiang Brewery Co (SZSE:002461) 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.

Guangzhou Zhujiang Brewery Co Debt-to-Equity Related Terms

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Guangzhou Zhujiang Brewery Co (SZSE:002461) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Guangzhou Zhujiang Brewery Co Ltd (SZSE:002461) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No 118 Modiesha Street, Xingangdong Road, Guangzhou, CHN

Website

http://www.zhujiangbeer.com

Guangzhou Zhujiang Brewery Co Ltd is a large state-owned enterprise which mainly deals in beer and its relative products. It offers wine, beer, and malt. The company markets its products under Zhujiang Beer, Lager Beer, and Supra Beer brand names.

Guangzhou Zhujiang Brewery Co (SZSE:002461) Headlines

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