Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Debt-to-Equity : 1.45 (As of Dec. 2023)

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What is Shanghai Jin Jiang International Hotel (Group) Co Debt-to-Equity?

Shanghai Jin Jiang International Hotel (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥5,903 Mil. Shanghai Jin Jiang International Hotel (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥18,209 Mil. Shanghai Jin Jiang International Hotel (Group) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥16,677 Mil. Shanghai Jin Jiang International Hotel (Group) Co's debt to equity for the quarter that ended in Dec. 2023 was 1.45.

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 Shanghai Jin Jiang International Hotel (Group) Co's Debt-to-Equity or its related term are showing as below:

SHSE:600754' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 1.44 Max: 2.35
Current: 1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Jin Jiang International Hotel (Group) Co was 2.35. The lowest was 0.09. And the median was 1.44.

SHSE:600754's Debt-to-Equity is ranked worse than
77.42% of 691 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs SHSE:600754: 1.45

Shanghai Jin Jiang International Hotel (Group) Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Jin Jiang International Hotel (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.

Shanghai Jin Jiang International Hotel (Group) Co Debt-to-Equity Chart

Shanghai Jin Jiang International Hotel (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.16

2.35

1.43

1.35

1.45

Shanghai Jin Jiang International Hotel (Group) Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.35	1.40	1.46	1.39	1.45

Competitive Comparison of Shanghai Jin Jiang International Hotel (Group) Co's Debt-to-Equity

For the Lodging subindustry, Shanghai Jin Jiang International Hotel (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.

Shanghai Jin Jiang International Hotel (Group) Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shanghai Jin Jiang International Hotel (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Jin Jiang International Hotel (Group) Co's Debt-to-Equity falls into.

Shanghai Jin Jiang International Hotel (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Jin Jiang International Hotel (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
	=	(5902.781	+	18208.505)	/	16677.035
	=	1.45

Shanghai Jin Jiang International Hotel (Group) 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
	=	(5902.781	+	18208.505)	/	16677.035
	=	1.45

Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) 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.

Shanghai Jin Jiang International Hotel (Group) Co Debt-to-Equity Related Terms

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Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang International Hotel (Group) Co Ltd (SHSE:600754) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

900934:China

Address

No. 100 Yan an East Road, 26th Floor, Union Building, Shanghai, CHN

Website

http://www.jinjianghotels.com.cn

Shanghai Jin Jiang International Hotel (Group) Co Ltd is one of the leading hotel group in China, engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. The group operates a wide range of hotels, including full-service hotels and select service hotels.

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