Gansu Guofang Industry & Trade (Group) Co (SHSE:601086) Debt-to-Equity : 0.15 (As of Mar. 2024)

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What is Gansu Guofang Industry & Trade (Group) Co Debt-to-Equity?

Gansu Guofang Industry & Trade (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥33.9 Mil. Gansu Guofang Industry & Trade (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥206.8 Mil. Gansu Guofang Industry & Trade (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,642.1 Mil. Gansu Guofang Industry & Trade (Group) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.15.

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 Gansu Guofang Industry & Trade (Group) Co's Debt-to-Equity or its related term are showing as below:

SHSE:601086' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.18 Max: 0.32
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Gansu Guofang Industry & Trade (Group) Co was 0.32. The lowest was 0.03. And the median was 0.18.

SHSE:601086's Debt-to-Equity is ranked better than
82.1% of 1000 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs SHSE:601086: 0.15

Gansu Guofang Industry & Trade (Group) Co Debt-to-Equity Historical Data

The historical data trend for Gansu Guofang Industry & Trade (Group) 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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Gansu Guofang Industry & Trade (Group) Co Debt-to-Equity Chart

Gansu Guofang Industry & Trade (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.21

0.20

0.17

0.15

Gansu Guofang Industry & Trade (Group) 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															0.23	0.22	0.18	0.15	0.15

Competitive Comparison of Gansu Guofang Industry & Trade (Group) Co's Debt-to-Equity

For the Department Stores subindustry, Gansu Guofang Industry & Trade (Group) 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.

Gansu Guofang Industry & Trade (Group) Co's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Gansu Guofang Industry & Trade (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gansu Guofang Industry & Trade (Group) Co's Debt-to-Equity falls into.

Gansu Guofang Industry & Trade (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gansu Guofang Industry & Trade (Group) 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
	=	(33.912	+	204.155)	/	1644.472
	=	0.14

Gansu Guofang Industry & Trade (Group) 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
	=	(33.88	+	206.802)	/	1642.142
	=	0.15

Gansu Guofang Industry & Trade (Group) Co (SHSE:601086) 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.

Gansu Guofang Industry & Trade (Group) Co Debt-to-Equity Related Terms

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Gansu Guofang Industry & Trade (Group) Co (SHSE:601086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gansu Guofang Industry & Trade (Group) Co Ltd (SHSE:601086) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 4-6, South Square Road, Chengguan District, Gansu Province, Lanzhou, CHN, 730000

Website

http://www.guofanggroup.com

Gansu Guofang Industry & Trade (Group) Co Ltd is engaged in the operation of department stores, supplemented by the chain of the retail business of supermarkets and electrical appliances.

Executives

Zhang Hui Yang

Director

Gansu Guofang Industry & Trade (Group) Co (SHSE:601086) Headlines

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