Xinjiangyram Modern Agriculture Co (SHSE:600540) Debt-to-Equity : 2.51 (As of Mar. 2024)

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What is Xinjiangyram Modern Agriculture Co Debt-to-Equity?

Xinjiangyram Modern Agriculture Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,741 Mil. Xinjiangyram Modern Agriculture Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥100 Mil. Xinjiangyram Modern Agriculture Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥734 Mil. Xinjiangyram Modern Agriculture Co's debt to equity for the quarter that ended in Mar. 2024 was 2.51.

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 Xinjiangyram Modern Agriculture Co's Debt-to-Equity or its related term are showing as below:

SHSE:600540' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.97 Max: 3.1
Current: 2.51

During the past 13 years, the highest Debt-to-Equity Ratio of Xinjiangyram Modern Agriculture Co was 3.10. The lowest was 0.47. And the median was 0.97.

SHSE:600540's Debt-to-Equity is ranked worse than
95.15% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SHSE:600540: 2.51

Xinjiangyram Modern Agriculture Co Debt-to-Equity Historical Data

The historical data trend for Xinjiangyram Modern Agriculture 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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Xinjiangyram Modern Agriculture Co Debt-to-Equity Chart

Xinjiangyram Modern Agriculture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.99

1.12

3.10

1.58

2.54

Xinjiangyram Modern Agriculture 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															1.47	1.42	1.89	2.54	2.51

Competitive Comparison of Xinjiangyram Modern Agriculture Co's Debt-to-Equity

For the Farm Products subindustry, Xinjiangyram Modern Agriculture 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.

Xinjiangyram Modern Agriculture Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Xinjiangyram Modern Agriculture Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Xinjiangyram Modern Agriculture Co's Debt-to-Equity falls into.

Xinjiangyram Modern Agriculture Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xinjiangyram Modern Agriculture 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
	=	(1755.091	+	99.95)	/	729.337
	=	2.54

Xinjiangyram Modern Agriculture 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
	=	(1740.564	+	99.95)	/	733.712
	=	2.51

Xinjiangyram Modern Agriculture Co (SHSE:600540) 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.

Xinjiangyram Modern Agriculture Co Debt-to-Equity Related Terms

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Xinjiangyram Modern Agriculture Co (SHSE:600540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xinjiang Sayram Modern Agriculture Co Ltd (SHSE:600540) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 158 Hongxing Road, Bole, Xinjiang, CHN, 833400

Website

http://www.xinsai.com.cn

Xinjiang Sayram Modern Agriculture Co Ltd is mainly engaged in the fruit industry. The company is an agricultural enterprise integrating planting, refrigeration, warehousing, research and development, processing and sales. The company produces Korla pear, Turpan raisins, Xinjiang red dates, Badan wood, and figs.

Xinjiangyram Modern Agriculture Co (SHSE:600540) Headlines

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