Zoneco Group Co (SZSE:002069) Debt-to-Equity : 29.90 (As of Mar. 2024)

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What is Zoneco Group Co Debt-to-Equity?

Zoneco Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,775 Mil. Zoneco Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥245 Mil. Zoneco Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥68 Mil. Zoneco Group Co's debt to equity for the quarter that ended in Mar. 2024 was 29.89.

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

SZSE:002069' s Debt-to-Equity Range Over the Past 10 Years
Min: -80.21 Med: 7.31 Max: 1497.66
Current: 29.9

During the past 13 years, the highest Debt-to-Equity Ratio of Zoneco Group Co was 1497.66. The lowest was -80.21. And the median was 7.31.

SZSE:002069's Debt-to-Equity is ranked worse than
99.52% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SZSE:002069: 29.90

Zoneco Group Co Debt-to-Equity Historical Data

The historical data trend for Zoneco 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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Zoneco Group Co Debt-to-Equity Chart

Zoneco Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1,497.66

176.00

47.21

30.73

25.88

Zoneco 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															37.65	25.54	21.33	25.88	29.90

Competitive Comparison of Zoneco Group Co's Debt-to-Equity

For the Farm Products subindustry, Zoneco 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.

Zoneco Group Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Zoneco Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zoneco 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
	=	(1774.593	+	245.576)	/	78.051
	=	25.88

Zoneco 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
	=	(1774.503	+	245.379)	/	67.566
	=	29.89

Zoneco Group Co (SZSE:002069) 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.

Zoneco Group Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Zoneco Group Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Zoneco Group Co (SZSE:002069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zoneco Group Co Ltd (SZSE:002069) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.6 Gangxing Road, 26-28th Floor Wanda Center Mansion, Zhongshan District, Dalian, Liaoning, CHN, 116001

Website

http://www.zhangzidao.com

Zoneco Group Co Ltd is a China-based company engaged in the marine ranch business. Its business activities include breeding, raising, processing, and distribution of aquatic products. The company produces a variety of sea treasures such as scallops, abalone, sea cucumber, oyster island oyster, conch, sea urchin, and true sea squirt. It also offers integrating cold chain logistics, marine leisure, fishery equipment, underwater tourism, sea sports, leisure and holiday, sea weddings, training, and development services.

Executives

Wu Hou Gang	Directors, executives
You Jun	Executives
Zou Jian	Executives
Liang Jun	Executives
Cao Bing Cai	Executives
Zhang Kan	Executives
Zhan Wei	Executives
Sun Ying Shi	Executives
He Chun Lei	Executives
Gou Rong	Executives
Sun Fu Jun	Directors, executives
Wu Xiao Wei	Independent director
Zhou Yan Jun	Director
He Zu Qi	Executives
Luo Li	Executives

Zoneco Group Co (SZSE:002069) Headlines

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