M-Grass Ecology And Environment (Group) Co (SZSE:300355) Debt-to-Equity : 1.22 (As of Mar. 2024)

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What is M-Grass Ecology And Environment (Group) Co Debt-to-Equity?

M-Grass Ecology And Environment (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,324 Mil. M-Grass Ecology And Environment (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,929 Mil. M-Grass Ecology And Environment (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,129 Mil. M-Grass Ecology And Environment (Group) Co's debt to equity for the quarter that ended in Mar. 2024 was 1.22.

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 M-Grass Ecology And Environment (Group) Co's Debt-to-Equity or its related term are showing as below:

SZSE:300355' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 1.18 Max: 1.48
Current: 1.22

During the past 13 years, the highest Debt-to-Equity Ratio of M-Grass Ecology And Environment (Group) Co was 1.48. The lowest was 0.37. And the median was 1.18.

SZSE:300355's Debt-to-Equity is ranked worse than
81.45% of 1515 companies
in the Construction industry
Industry Median: 0.44 vs SZSE:300355: 1.22

M-Grass Ecology And Environment (Group) Co Debt-to-Equity Historical Data

The historical data trend for M-Grass Ecology And Environment (Group) 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.

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M-Grass Ecology And Environment (Group) Co Debt-to-Equity Chart

M-Grass Ecology And Environment (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.31

1.29

1.31

1.27

1.18

M-Grass Ecology And Environment (Group) 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															1.28	1.22	1.11	1.18	1.22

Competitive Comparison of M-Grass Ecology And Environment (Group) Co's Debt-to-Equity

For the Engineering & Construction subindustry, M-Grass Ecology And Environment (Group) 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.

M-Grass Ecology And Environment (Group) Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, M-Grass Ecology And Environment (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where M-Grass Ecology And Environment (Group) Co's Debt-to-Equity falls into.

M-Grass Ecology And Environment (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

M-Grass Ecology And Environment (Group) 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
	=	(3219.512	+	2884.75)	/	5158.458
	=	1.18

M-Grass Ecology And Environment (Group) 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
	=	(3324.213	+	2929.434)	/	5129.148
	=	1.22

M-Grass Ecology And Environment (Group) Co (SZSE:300355) 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.

M-Grass Ecology And Environment (Group) Co Debt-to-Equity Related Terms

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M-Grass Ecology And Environment (Group) Co (SZSE:300355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » M-Grass Ecology And Environment (Group) Co Ltd (SZSE:300355) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 71 West Yindu building B block 3 layer, Inner Mongolia City College of Hohhot, Huhehot, CHN

Website

http://www.mengcao.com

M-Grass Ecology And Environment (Group) Co Ltd, formerly Inner Mongolia M-Grass Ecology and Environment (Group) Co Ltd is an ecological restoration company. It provides services to industry in ecological restoration, water gardens, eco-ranch, pasture seed industry, and modern grass industry. Geographically operates through China.

M-Grass Ecology And Environment (Group) Co (SZSE:300355) Headlines

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