Jinshang Bank Co (HKSE:02558) Debt-to-Equity : 0.89 (As of Dec. 2023)

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What is Jinshang Bank Co Debt-to-Equity?

Jinshang Bank Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. Jinshang Bank Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$24,212 Mil. Jinshang Bank Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$27,122 Mil. Jinshang Bank Co's debt to equity for the quarter that ended in Dec. 2023 was 0.89.

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

HKSE:02558' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.89 Med: 2.14 Max: 3.21
Current: 0.89

During the past 8 years, the highest Debt-to-Equity Ratio of Jinshang Bank Co was 3.21. The lowest was 0.89. And the median was 2.14.

HKSE:02558's Debt-to-Equity is ranked better than
90.74% of 1393 companies
in the Banks industry
Industry Median: 0.67 vs HKSE:02558: 0.89

Jinshang Bank Co Debt-to-Equity Historical Data

The historical data trend for Jinshang Bank 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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Jinshang Bank Co Debt-to-Equity Chart

Jinshang Bank Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.52

2.50

2.68

1.45

0.89

Jinshang Bank Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									2.68	1.55	1.45	0.84	0.89

Competitive Comparison of Jinshang Bank Co's Debt-to-Equity

For the Banks - Regional subindustry, Jinshang Bank 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.

Jinshang Bank Co's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Jinshang Bank Co's Debt-to-Equity distribution charts can be found below:

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

Jinshang Bank Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jinshang Bank 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
	=	(0	+	24211.581)	/	27122.018
	=	0.89

Jinshang Bank Co's Debt to Equity Ratio for the quarter 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
	=	(0	+	24211.581)	/	27122.018
	=	0.89

Jinshang Bank Co (HKSE:02558) 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.

Jinshang Bank Co Debt-to-Equity Related Terms

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Jinshang Bank Co (HKSE:02558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jinshang Bank Co Ltd (HKSE:02558) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 59 Changfeng Street, Xiaodian District, Shanxi Province, Taiyuan, CHN, 030000

Website

https://www.jshbank.com

Jinshang Bank Co Ltd operates as a commercial bank. It offers deposits, loans, credit card, and other banking services. The bank's operating segments are Corporate banking, Retail banking, Treasury business, and others segment. It generates a majority of its revenue from the corporate banking segment which is engaged in the provision of a range of financial products and services to corporations, government agencies, and financial institutions. These products and services include corporate loans and advances, trade financing, deposit-taking activities, agency services, wealth management services, consulting and advisory services, remittance and settlement services and guarantee services among others.

Jinshang Bank Co (HKSE:02558) Headlines

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