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Guoquan Food (Shanghai) Co (HKSE:02517) Debt-to-Equity : 0.03 (As of Dec. 2023)


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What is Guoquan Food (Shanghai) Co Debt-to-Equity?

Guoquan Food (Shanghai) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$98 Mil. Guoquan Food (Shanghai) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$22 Mil. Guoquan Food (Shanghai) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,568 Mil. Guoquan Food (Shanghai) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Guoquan Food (Shanghai) Co's Debt-to-Equity or its related term are showing as below:

HKSE:02517' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.04   Max: 0.18
Current: 0.03

During the past 4 years, the highest Debt-to-Equity Ratio of Guoquan Food (Shanghai) Co was 0.18. The lowest was 0.02. And the median was 0.04.

HKSE:02517's Debt-to-Equity is ranked better than
93.17% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs HKSE:02517: 0.03

Guoquan Food (Shanghai) Co Debt-to-Equity Historical Data

The historical data trend for Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co Debt-to-Equity Chart

Guoquan Food (Shanghai) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.18 0.02 0.05 0.03

Guoquan Food (Shanghai) Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Debt-to-Equity 0.18 0.02 0.05 0.03

Competitive Comparison of Guoquan Food (Shanghai) Co's Debt-to-Equity

For the Packaged Foods subindustry, Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guoquan Food (Shanghai) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guoquan Food (Shanghai) Co's Debt-to-Equity falls into.


Guoquan Food (Shanghai) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guoquan Food (Shanghai) 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
=(98.423 + 22.205) / 3568.1
=0.03

Guoquan Food (Shanghai) Co's Debt to Equity Ratio for the quarter 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
=(98.423 + 22.205) / 3568.1
=0.03

* 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.

Guoquan Food (Shanghai) Co  (HKSE:02517) 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.

Guoquan Food (Shanghai) Co Debt-to-Equity Related Terms

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Guoquan Food (Shanghai) Co (HKSE:02517) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN
Website
http://www.zzgqsh.com
Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.

Guoquan Food (Shanghai) Co (HKSE:02517) Headlines

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