Hainan Haiyao Co (SZSE:000566) Debt-to-Equity : 1.49 (As of Mar. 2024)

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What is Hainan Haiyao Co Debt-to-Equity?

Hainan Haiyao Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,225 Mil. Hainan Haiyao Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥834 Mil. Hainan Haiyao Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,047 Mil. Hainan Haiyao Co's debt to equity for the quarter that ended in Mar. 2024 was 1.49.

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 Hainan Haiyao Co's Debt-to-Equity or its related term are showing as below:

SZSE:000566' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.82 Max: 1.76
Current: 1.49

During the past 13 years, the highest Debt-to-Equity Ratio of Hainan Haiyao Co was 1.76. The lowest was 0.29. And the median was 0.82.

SZSE:000566's Debt-to-Equity is ranked worse than
92.22% of 848 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs SZSE:000566: 1.49

Hainan Haiyao Co Debt-to-Equity Historical Data

The historical data trend for Hainan Haiyao 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.

Hainan Haiyao Co Debt-to-Equity Chart

Hainan Haiyao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.77

1.08

1.53

1.57

1.63

Hainan Haiyao 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															1.72	1.76	1.67	1.63	1.49

Competitive Comparison of Hainan Haiyao Co's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Hainan Haiyao 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.

Hainan Haiyao Co's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hainan Haiyao Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hainan Haiyao Co's Debt-to-Equity falls into.

Hainan Haiyao Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hainan Haiyao 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
	=	(2460.363	+	902.448)	/	2062.448
	=	1.63

Hainan Haiyao 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
	=	(2224.779	+	833.895)	/	2046.633
	=	1.49

Hainan Haiyao Co (SZSE:000566) 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.

Hainan Haiyao Co Debt-to-Equity Related Terms

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Hainan Haiyao Co (SZSE:000566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hainan Haiyao Co Ltd (SZSE:000566) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.192 Nanhai Avenue, Xiuying District, Haikou, Hainan, CHN, 570105

Website

http://www.haiyao.com.cn

Hainan Haiyao Co Ltd is a China-based company engages in the research, development, manufacture, and sale of medicines and medical instrument. Its product includes cephalosporin series, stomach and intestine medicines, anti-tumor medicines, cochlear implant series, bulk drugs and intermediate series. The company distributes its products in domestic market and to overseas market. Digital China Information Service Co Ltd is a China-based company principally engaged in software and information technology (IT) service industry. Its services include technical services, agricultural informatization, application software development, special financial equipment, and integrated solutions for the financial, government, enterprises, telecommunications, agriculture, and other industries.

Executives

Li Ri Meng	Directors, executives
Bai Zhi Quan	Directors, executives
Zhou Qing Guo	Supervisors
Chen Yi Hong	Directors, executives
Wang Wei	Directors, executives
Ji Ping	Executives
Xu Li Hong	Directors, executives
Zhang Hui	Executives
Wang Jun Hong	Executives
Li Mi Sheng	Executives
Feng Bai Chang	Executives
Wang Gang	Executives
Ceng Yu Ping	Director

Hainan Haiyao Co (SZSE:000566) Headlines

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