CJ Freshway (XKRX:051500) Debt-to-Equity : 1.55 (As of Mar. 2024)

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What is CJ Freshway Debt-to-Equity?

CJ Freshway's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩243,423 Mil. CJ Freshway's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩198,911 Mil. CJ Freshway's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩284,950 Mil. CJ Freshway's debt to equity for the quarter that ended in Mar. 2024 was 1.55.

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 CJ Freshway's Debt-to-Equity or its related term are showing as below:

XKRX:051500' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.73 Med: 1.59 Max: 3.51
Current: 1.55

During the past 13 years, the highest Debt-to-Equity Ratio of CJ Freshway was 3.51. The lowest was 0.73. And the median was 1.59.

XKRX:051500's Debt-to-Equity is ranked worse than
76.34% of 279 companies
in the Retail - Defensive industry
Industry Median: 0.62 vs XKRX:051500: 1.55

CJ Freshway Debt-to-Equity Historical Data

The historical data trend for CJ Freshway'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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CJ Freshway Debt-to-Equity Chart

CJ Freshway Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.28

2.43

1.84

1.69

1.29

CJ Freshway 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															1.72	1.53	1.29	1.29	1.55

Competitive Comparison of CJ Freshway's Debt-to-Equity

For the Food Distribution subindustry, CJ Freshway'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.

CJ Freshway's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, CJ Freshway's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CJ Freshway's Debt-to-Equity falls into.

CJ Freshway Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CJ Freshway'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
	=	(92174.341	+	280471.523)	/	289616.234
	=	1.29

CJ Freshway'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
	=	(243422.677	+	198911.452)	/	284950.397
	=	1.55

CJ Freshway (XKRX:051500) 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.

CJ Freshway Debt-to-Equity Related Terms

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

CJ Freshway (XKRX:051500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » CJ Freshway Corp (XKRX:051500) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

CJ Cheiljedang Center 330, 5th Floor, Dongho-Ro, Jung-gu, Seoul, KOR

Website

http://www.cjfood.com

CJ Freshway Corp provides a range of food distribution and contact meal services to organizations. The company's food service business caters for offices, business sites, hospitals, public organizations, schools and others. It supplies agricultural, fishery and livestock products, processed foods, and kitchen appliances to all types of restaurants including food dealers, food service providers, chain stores and general restaurants. In addition, it also designs, constructs and remodels cafeterias, general and franchised restaurants as well as provides consulting services.

CJ Freshway (XKRX:051500) Headlines

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