Zhejiang Nhu Co (SZSE:002001) Debt-to-Equity : 0.38 (As of Mar. 2024)

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What is Zhejiang Nhu Co Debt-to-Equity?

Zhejiang Nhu Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,075 Mil. Zhejiang Nhu Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,630 Mil. Zhejiang Nhu Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥25,688 Mil. Zhejiang Nhu Co's debt to equity for the quarter that ended in Mar. 2024 was 0.38.

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

SZSE:002001' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.34 Max: 0.49
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Nhu Co was 0.49. The lowest was 0.14. And the median was 0.34.

SZSE:002001's Debt-to-Equity is ranked worse than
56.67% of 847 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs SZSE:002001: 0.38

Zhejiang Nhu Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Nhu 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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Zhejiang Nhu Co Debt-to-Equity Chart

Zhejiang Nhu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.46

0.40

0.39

0.41

0.39

Zhejiang Nhu 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															0.44	0.43	0.44	0.39	0.38

Competitive Comparison of Zhejiang Nhu Co's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Zhejiang Nhu 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.

Zhejiang Nhu Co's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

Zhejiang Nhu Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Nhu 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
	=	(2800.081	+	6826.883)	/	24804.662
	=	0.39

Zhejiang Nhu 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
	=	(2075.281	+	7630.22)	/	25688.104
	=	0.38

Zhejiang Nhu Co (SZSE:002001) 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.

Zhejiang Nhu Co Debt-to-Equity Related Terms

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Zhejiang Nhu Co (SZSE:002001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Nhu Co Ltd (SZSE:002001) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 4 Jiangbei Road, Yulin Street, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.cnhu.com

Zhejiang Nhu Co Ltd is a China-based company engaged in the manufacture and sales of pharmaceuticals, health protection products, pharmaceutical intermediates, fragrances, food additives and feed additives. The company's active pharmaceutical ingredient products cover various areas such as Cardiovascular, Anti-AIDS, Anti-cancer and Anti-bacterial with key products such as Latamoxef Sodium, Flomoxef Sodium, Hydrochloride Moxifloxacin, Artemisinin series, Calcium Keto acid series, Vitamin A/E/D3 and coenzyme Q10 and others. The other business areas are Aroma chemicals, Polymers, and Nutrition. The organization markets its products in China and internationally.

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