Zixin Group Holdings (SGX:42W) Debt-to-Equity : 0.10 (As of Sep. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Zixin Group Holdings Debt-to-Equity?

Zixin Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was S$8.84 Mil. Zixin Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was S$0.05 Mil. Zixin Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was S$92.96 Mil. Zixin Group Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.10.

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 Zixin Group Holdings's Debt-to-Equity or its related term are showing as below:

SGX:42W' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.07 Max: 0.1
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Zixin Group Holdings was 0.10. The lowest was 0.04. And the median was 0.07.

SGX:42W's Debt-to-Equity is ranked better than
81.21% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SGX:42W: 0.10

Zixin Group Holdings Debt-to-Equity Historical Data

The historical data trend for Zixin Group Holdings'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.

Zixin Group Holdings Debt-to-Equity Chart

Zixin Group Holdings Annual Data

Trend

Jun14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.05

0.06

0.07

0.10

Zixin Group Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.07	0.09	0.10	0.10

Competitive Comparison of Zixin Group Holdings's Debt-to-Equity

For the Packaged Foods subindustry, Zixin Group Holdings'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.

Zixin Group Holdings's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zixin Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zixin Group Holdings's Debt-to-Equity falls into.

Zixin Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zixin Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(9.201	+	0.048)	/	97.251
	=	0.10

Zixin Group Holdings'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
	=	(8.84	+	0.048)	/	92.958
	=	0.10

Zixin Group Holdings (SGX:42W) 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.

Zixin Group Holdings Debt-to-Equity Related Terms

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

Zixin Group Holdings (SGX:42W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zixin Group Holdings Ltd (SGX:42W) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Anson Road, 27- 06 B, International Plaza, Singapore, SGP, 079903

Website

http://www.zixinshuye.com

Zixin Group Holdings Ltd is an investment holding company. The group is engaged in the research, production, and distribution of sweet potato food products across China, processed from purple and orange-fleshed sweet potatoes. The company generates its revenue from Sweet potato processed products and sweet potatoes, where the majority is generated from Sweet potato processed products.

Zixin Group Holdings (SGX:42W) Headlines

No Headlines