Lancy Co (SZSE:002612) Debt-to-Equity : 0.65 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Lancy Co Debt-to-Equity?

Lancy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥854 Mil. Lancy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,133 Mil. Lancy Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,063 Mil. Lancy Co's debt to equity for the quarter that ended in Mar. 2024 was 0.65.

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

SZSE:002612' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.42 Max: 0.88
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Lancy Co was 0.88. The lowest was 0.02. And the median was 0.42.

SZSE:002612's Debt-to-Equity is ranked worse than
62.34% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs SZSE:002612: 0.65

Lancy Co Debt-to-Equity Historical Data

The historical data trend for Lancy 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.

Lancy Co Debt-to-Equity Chart

Lancy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.27

0.29

0.62

0.68

0.54

Lancy 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															0.54	0.55	0.55	0.54	0.65

Competitive Comparison of Lancy Co's Debt-to-Equity

For the Apparel Manufacturing subindustry, Lancy 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.

Lancy Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lancy Co's Debt-to-Equity distribution charts can be found below:

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

Lancy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lancy 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
	=	(746.768	+	865.733)	/	3012.48
	=	0.54

Lancy 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
	=	(854.352	+	1133.139)	/	3062.527
	=	0.65

Lancy Co (SZSE:002612) 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.

Lancy Co Debt-to-Equity Related Terms

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

Lancy Co (SZSE:002612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lancy Co Ltd (SZSE:002612) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Da Jiaoting South Street, No.27 West Dawang Road, 8th Floor, Lancy Building, No.1, 3rd Yard, Chaoyang District, Beijing, CHN, 100022

Website

http://www.lancygroup.com

Lancy Co Ltd. is a China-based company operating in the fashion industry. It is principally engaged in the design, manufacture and distribution of women's apparel. It also offers infants' and kids' wear, medical cosmetology and cosmetics. Some of the company's brands are LANCY FROM25, MOJO.S.PHINE, LIME FLARE, JIGOTT, liaalancy, FABIANA, FILIPPI and DeWL.

Lancy Co (SZSE:002612) Headlines

No Headlines