Jin Medical International (Jin Medical International) Debt-to-Equity : 0.17 (As of Sep. 2023)

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What is Jin Medical International Debt-to-Equity?

Jin Medical International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.11 Mil. Jin Medical International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Jin Medical International's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $23.98 Mil. Jin Medical International's debt to equity for the quarter that ended in Sep. 2023 was 0.17.

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 Jin Medical International's Debt-to-Equity or its related term are showing as below:

ZJYL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.21 Max: 0.25
Current: 0.17

During the past 4 years, the highest Debt-to-Equity Ratio of Jin Medical International was 0.25. The lowest was 0.17. And the median was 0.21.

ZJYL's Debt-to-Equity is ranked better than
55.41% of 711 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs ZJYL: 0.17

Jin Medical International Debt-to-Equity Historical Data

The historical data trend for Jin Medical International'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.

Jin Medical International Debt-to-Equity Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

0.25

0.17

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	0.06	0.17

Competitive Comparison of Jin Medical International's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Jin Medical International'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.

Jin Medical International's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Jin Medical International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jin Medical International's Debt-to-Equity falls into.

Jin Medical International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jin Medical International's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(4.113	+	0)	/	23.979
	=	0.17

Jin Medical International's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(4.113	+	0)	/	23.979
	=	0.17

Jin Medical International (NAS:ZJYL) 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.

Jin Medical International Debt-to-Equity Related Terms

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Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.