China Quanjude (Group) Co (SZSE:002186) Debt-to-Equity : 0.24 (As of Mar. 2024)

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What is China Quanjude (Group) Co Debt-to-Equity?

China Quanjude (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥64 Mil. China Quanjude (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥128 Mil. China Quanjude (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥820 Mil. China Quanjude (Group) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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 China Quanjude (Group) Co's Debt-to-Equity or its related term are showing as below:

SZSE:002186' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.23 Max: 0.3
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of China Quanjude (Group) Co was 0.30. The lowest was 0.07. And the median was 0.23.

SZSE:002186's Debt-to-Equity is ranked better than
84.33% of 300 companies
in the Restaurants industry
Industry Median: 0.925 vs SZSE:002186: 0.24

China Quanjude (Group) Co Debt-to-Equity Historical Data

The historical data trend for China Quanjude (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.

* Premium members only.

China Quanjude (Group) Co Debt-to-Equity Chart

China Quanjude (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.25

0.30

0.23

China Quanjude (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															0.30	0.23	0.23	0.23	0.24

Competitive Comparison of China Quanjude (Group) Co's Debt-to-Equity

For the Restaurants subindustry, China Quanjude (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.

China Quanjude (Group) Co's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, China Quanjude (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Quanjude (Group) Co's Debt-to-Equity falls into.

China Quanjude (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Quanjude (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
	=	(62.876	+	123.222)	/	804.794
	=	0.23

China Quanjude (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
	=	(64.378	+	128.469)	/	820.101
	=	0.24

China Quanjude (Group) Co (SZSE:002186) 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.

China Quanjude (Group) Co Debt-to-Equity Related Terms

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China Quanjude (Group) Co (SZSE:002186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » China Quanjude (Group) Co Ltd (SZSE:002186) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.217 Qianmenxi River Bank Street, Xuanwu District, Beijing, Beijing, CHN, 100051

Website

http://www.quanjude.com.cn

China Quanjude (Group) Co Ltd operates in the foodservice industry. The principal business activities of the company include catering service, food processing and sale of food. In addition, the company is engaged in the production and sales of Quanjude vacuum packaging roast duck and duck series cooked food products, lotus leaf cake, sweet noodle sauce and other roast duck accessories for the holiday consumer market.

Executives

Shi Bing Feng	Directors, executives
Wang Zhi Qiang	Director
Tang Li Xin	Executives
Yu Jia Xiang	Supervisors
Xing Ying	Directors, executives
Xu Jia	Executives
Tang Ying	Securities Affairs Representative
Ye Xin Nian	Executives
Wang Ru Qin	Director

China Quanjude (Group) Co (SZSE:002186) Headlines

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