Ziel Home Furnishing Technology Co (SZSE:301376) Debt-to-Equity : 0.55 (As of Mar. 2024)

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What is Ziel Home Furnishing Technology Co Debt-to-Equity?

Ziel Home Furnishing Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,050 Mil. Ziel Home Furnishing Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥710 Mil. Ziel Home Furnishing Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,219 Mil. Ziel Home Furnishing Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.55.

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 Ziel Home Furnishing Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:301376' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.55 Max: 0.84
Current: 0.55

During the past 6 years, the highest Debt-to-Equity Ratio of Ziel Home Furnishing Technology Co was 0.84. The lowest was 0.00. And the median was 0.55.

SZSE:301376's Debt-to-Equity is ranked better than
53.05% of 999 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs SZSE:301376: 0.55

Ziel Home Furnishing Technology Co Debt-to-Equity Historical Data

The historical data trend for Ziel Home Furnishing Technology 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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Ziel Home Furnishing Technology Co Debt-to-Equity Chart

Ziel Home Furnishing Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.84

0.66

0.55

Ziel Home Furnishing Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.68	0.49	0.50	0.55	0.55

Competitive Comparison of Ziel Home Furnishing Technology Co's Debt-to-Equity

For the Specialty Retail subindustry, Ziel Home Furnishing Technology 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.

Ziel Home Furnishing Technology Co's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ziel Home Furnishing Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ziel Home Furnishing Technology Co's Debt-to-Equity falls into.

Ziel Home Furnishing Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ziel Home Furnishing Technology 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
	=	(1059.432	+	649.773)	/	3120.971
	=	0.55

Ziel Home Furnishing Technology 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
	=	(1049.568	+	709.909)	/	3219.326
	=	0.55

Ziel Home Furnishing Technology Co (SZSE:301376) 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.

Ziel Home Furnishing Technology Co Debt-to-Equity Related Terms

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Ziel Home Furnishing Technology Co (SZSE:301376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ziel Home Furnishing Technology Co Ltd (SZSE:301376) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 198-19, Songshan South Road, No. 601, 6th Floor, Dongfang Building, Erqi, Henan, Zhengzhou, CHN, 450000

Website

https://www.ziel.cn

Ziel Home Furnishing Technology Co Ltd is engaged in research and development, design and sales of home furnishing products such as self-owned brand furniture series, home furnishing series, courtyard series and pet series.

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