New Hope Liuhe Co (SZSE:000876) Debt-to-Equity : 2.96 (As of Mar. 2024)

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What is New Hope Liuhe Co Debt-to-Equity?

New Hope Liuhe Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥27,515 Mil. New Hope Liuhe Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥38,921 Mil. New Hope Liuhe Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥22,486 Mil. New Hope Liuhe Co's debt to equity for the quarter that ended in Mar. 2024 was 2.95.

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 New Hope Liuhe Co's Debt-to-Equity or its related term are showing as below:

SZSE:000876' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.61 Max: 2.96
Current: 2.96

During the past 13 years, the highest Debt-to-Equity Ratio of New Hope Liuhe Co was 2.96. The lowest was 0.27. And the median was 0.61.

SZSE:000876's Debt-to-Equity is ranked worse than
96.22% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SZSE:000876: 2.96

New Hope Liuhe Co Debt-to-Equity Historical Data

The historical data trend for New Hope Liuhe 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.

New Hope Liuhe Co Debt-to-Equity Chart

New Hope Liuhe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.75

1.07

2.06

2.37

2.58

New Hope Liuhe 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															2.75	2.87	2.86	2.58	2.96

Competitive Comparison of New Hope Liuhe Co's Debt-to-Equity

For the Farm Products subindustry, New Hope Liuhe 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.

New Hope Liuhe Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where New Hope Liuhe Co's Debt-to-Equity falls into.

New Hope Liuhe Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Hope Liuhe 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
	=	(26356.86	+	37608.269)	/	24776.055
	=	2.58

New Hope Liuhe 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
	=	(27514.659	+	38921.281)	/	22486
	=	2.95

New Hope Liuhe Co (SZSE:000876) 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.

New Hope Liuhe Co Debt-to-Equity Related Terms

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New Hope Liuhe Co (SZSE:000876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Hope Liuhe Co Ltd (SZSE:000876) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Mianyang National High-Tech Industrial Development Area, Sichuan Province, Chengdu, CHN, 621006

Website

http://www.newhopeagri.com

New Hope Liuhe Co Ltd engaged in agriculture and animal husbandry products. The company focuses on the development of feed, breeding, meat products, and financial investment. It derives maximum revenue from China and also has a presence in Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, and Egypt.

New Hope Liuhe Co (SZSE:000876) Headlines

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