Shandong Sunpaper Co (SZSE:002078) Debt-to-Equity : 0.65 (As of Dec. 2023)

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What is Shandong Sunpaper Co Debt-to-Equity?

Shandong Sunpaper Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥10,211 Mil. Shandong Sunpaper Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥6,723 Mil. Shandong Sunpaper Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥26,051 Mil. Shandong Sunpaper Co's debt to equity for the quarter that ended in Dec. 2023 was 0.65.

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

SZSE:002078' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 0.86 Max: 1.34
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Shandong Sunpaper Co was 1.34. The lowest was 0.65. And the median was 0.86.

SZSE:002078's Debt-to-Equity is ranked worse than
59.25% of 265 companies
in the Forest Products industry
Industry Median: 0.51 vs SZSE:002078: 0.65

Shandong Sunpaper Co Debt-to-Equity Historical Data

The historical data trend for Shandong Sunpaper 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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Shandong Sunpaper Co Debt-to-Equity Chart

Shandong Sunpaper Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.86

0.82

0.87

0.74

0.65

Shandong Sunpaper 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															0.74	0.77	0.73	0.67	0.65

Competitive Comparison of Shandong Sunpaper Co's Debt-to-Equity

For the Paper & Paper Products subindustry, Shandong Sunpaper 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.

Shandong Sunpaper Co's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shandong Sunpaper Co's Debt-to-Equity distribution charts can be found below:

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

Shandong Sunpaper Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Sunpaper 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
	=	(10210.726	+	6722.829)	/	26051.208
	=	0.65

Shandong Sunpaper 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
	=	(10210.726	+	6722.829)	/	26051.208
	=	0.65

Shandong Sunpaper Co (SZSE:002078) 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.

Shandong Sunpaper Co Debt-to-Equity Related Terms

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Shandong Sunpaper Co (SZSE:002078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Sunpaper Co Ltd (SZSE:002078) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1 Youyi Road, Shandong Province, Yanzhou District, Jining, CHN, 272100

Website

http://www.sunpapergroup.com

Shandong Sunpaper Co Ltd is a China-based paper making company. It manufactures and distributes paper products. The company's product lines includes premium coated packaging paperboard, high-class art paper, high-class cultural and office paper, specialty fiber dissolving pulp, household paper, and industrial paper. Its main brands include Golden Sun, Huaxia Sun, Brilliant Sun, Weier, Lecopy, Koolprint, Sun Elements, Suyappy, International Radiance, International Sun and International Union. The company has a presence in Laos and the United States of America.

Shandong Sunpaper Co (SZSE:002078) Headlines

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