Doctorglasses Chain Co (SZSE:300622) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is Doctorglasses Chain Co Debt-to-Equity?

Doctorglasses Chain Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥90 Mil. Doctorglasses Chain Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥78 Mil. Doctorglasses Chain Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥818 Mil. Doctorglasses Chain Co's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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

SZSE:300622' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.26 Max: 0.35
Current: 0.21

During the past 12 years, the highest Debt-to-Equity Ratio of Doctorglasses Chain Co was 0.35. The lowest was 0.07. And the median was 0.26.

SZSE:300622's Debt-to-Equity is ranked better than
76% of 1000 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs SZSE:300622: 0.21

Doctorglasses Chain Co Debt-to-Equity Historical Data

The historical data trend for Doctorglasses Chain 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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Doctorglasses Chain Co Debt-to-Equity Chart

Doctorglasses Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.31

0.26

0.21

Doctorglasses Chain 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															0.21	0.23	0.21	0.21	0.21

Competitive Comparison of Doctorglasses Chain Co's Debt-to-Equity

For the Specialty Retail subindustry, Doctorglasses Chain 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.

Doctorglasses Chain Co's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Doctorglasses Chain Co's Debt-to-Equity distribution charts can be found below:

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

Doctorglasses Chain Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Doctorglasses Chain 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
	=	(81.062	+	83.266)	/	788.732
	=	0.21

Doctorglasses Chain 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
	=	(90.407	+	77.916)	/	817.641
	=	0.21

Doctorglasses Chain Co (SZSE:300622) 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.

Doctorglasses Chain Co Debt-to-Equity Related Terms

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Doctorglasses Chain Co (SZSE:300622) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Doctorglasses Chain Co Ltd (SZSE:300622) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4028 Jintian Road, 2nd Floor, Rongchao Economic and Trade Center, Futian District, Shenzhen, CHN, 518038

Website

http://www.doctorglasses.com.cn

Doctorglasses Chain Co Ltd operates as a retail chain company which is engaged in the eyeglasses business in China. The company offers glasses under the President optical and doctor glasses Zele brand name. It offers reading glasses, sunglasses, frames and lenses, contact lenses, contact lens liquid solution and others.

Executives

Liu Zhi Ming	Directors, executives
Zheng Qing Qiu	Executives
He Qing Bai	Executives
	Director
Liu Kai Yue	Directors, executives
Xiong Dan	Securities Affairs Representative

Doctorglasses Chain Co (SZSE:300622) Headlines

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