Shenzhen Glory Medical Co (SZSE:002551) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is Shenzhen Glory Medical Co Debt-to-Equity?

Shenzhen Glory Medical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥21 Mil. Shenzhen Glory Medical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥269 Mil. Shenzhen Glory Medical Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,628 Mil. Shenzhen Glory Medical 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 Shenzhen Glory Medical Co's Debt-to-Equity or its related term are showing as below:

SZSE:002551' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.14 Max: 0.4
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Shenzhen Glory Medical Co was 0.40. The lowest was 0.08. And the median was 0.14.

SZSE:002551's Debt-to-Equity is ranked better than
67.47% of 83 companies
in the Medical Distribution industry
Industry Median: 0.29 vs SZSE:002551: 0.11

Shenzhen Glory Medical Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Glory Medical 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.

Shenzhen Glory Medical Co Debt-to-Equity Chart

Shenzhen Glory Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.16

0.12

0.11

Shenzhen Glory Medical 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															0.14	0.11	0.11	0.11	0.11

Competitive Comparison of Shenzhen Glory Medical Co's Debt-to-Equity

For the Medical Distribution subindustry, Shenzhen Glory Medical 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.

Shenzhen Glory Medical Co's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Shenzhen Glory Medical Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen Glory Medical Co's Debt-to-Equity falls into.

Shenzhen Glory Medical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Glory Medical 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
	=	(21.06	+	269.544)	/	2614.169
	=	0.11

Shenzhen Glory Medical 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
	=	(21.06	+	268.613)	/	2627.526
	=	0.11

Shenzhen Glory Medical Co (SZSE:002551) 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.

Shenzhen Glory Medical Co Debt-to-Equity Related Terms

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Shenzhen Glory Medical Co (SZSE:002551) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Shenzhen Glory Medical Co Ltd (SZSE:002551) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Glory Science and Tech Industrial Park, Baolong Avenue, Longgang District, Shenzhen, Guangdong, CHN, 518116

Website

http://www.glory-medical.com.cn

Shenzhen Glory Medical Co Ltd is engaged in providing hospital building integrated solutions in China. It is involved in the hospital construction system analysis and planning, and medical engineering activities. It also sells medical equipment and medical consumables. The company provides hospital management professional medical logistic, smart medical, and park development services.

Shenzhen Glory Medical Co (SZSE:002551) Headlines

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