Luzhou Laojiao Co (SZSE:000568) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Luzhou Laojiao Co Debt-to-Equity?

Luzhou Laojiao Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,543 Mil. Luzhou Laojiao Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12,020 Mil. Luzhou Laojiao Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥46,231 Mil. Luzhou Laojiao Co's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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

SZSE:000568' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.18 Max: 0.36
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Luzhou Laojiao Co was 0.36. The lowest was 0.13. And the median was 0.18.

SZSE:000568's Debt-to-Equity is ranked better than
59.56% of 183 companies
in the Beverages - Alcoholic industry
Industry Median: 0.38 vs SZSE:000568: 0.29

Luzhou Laojiao Co Debt-to-Equity Historical Data

The historical data trend for Luzhou Laojiao 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.

Luzhou Laojiao Co Debt-to-Equity Chart

Luzhou Laojiao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.18

0.15

0.18

0.28

Luzhou Laojiao 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															0.32	0.36	0.34	0.28	0.29

Competitive Comparison of Luzhou Laojiao Co's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, Luzhou Laojiao 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.

Luzhou Laojiao Co's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Luzhou Laojiao Co's Debt-to-Equity distribution charts can be found below:

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

Luzhou Laojiao Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luzhou Laojiao 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
	=	(78.918	+	11521.373)	/	41391.41
	=	0.28

Luzhou Laojiao 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
	=	(1543.115	+	12020.392)	/	46230.637
	=	0.29

Luzhou Laojiao Co (SZSE:000568) 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.

Luzhou Laojiao Co Debt-to-Equity Related Terms

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Luzhou Laojiao Co (SZSE:000568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Luzhou Laojiao Co Ltd (SZSE:000568) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Nanguang road, Luzhou Laojiao Marketing Network Command Center, Longmatan District, Sichuan Province, Luzhou, CHN, 646000

Website

https://www.lzlj.com

Luzhou Laojiao, or Laojiao, is one of China's leading premium baijiu producers. Its primary product, National Cellar 1573, is widely known as one of the best rich-flavored baijiu in the market, which together with Feitian Moutai and flagship Wuliangye are the top three premium products that dominate more than 90% of the high-end baijiu market. The high-quality products, extensive history, and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins. The State-Owned Assets Supervision and Administration Commission of Luzhou City controls 46% of Luzhou Laojiao.

Luzhou Laojiao Co (SZSE:000568) Headlines

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