Shandong Hi-Speed Holdings Group (HKSE:00412) Debt-to-Equity : 8.16 (As of Dec. 2023)

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What is Shandong Hi-Speed Holdings Group Debt-to-Equity?

Shandong Hi-Speed Holdings Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$17,630 Mil. Shandong Hi-Speed Holdings Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$32,227 Mil. Shandong Hi-Speed Holdings Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$6,109 Mil. Shandong Hi-Speed Holdings Group's debt to equity for the quarter that ended in Dec. 2023 was 8.16.

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 Hi-Speed Holdings Group's Debt-to-Equity or its related term are showing as below:

HKSE:00412' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 1.32 Max: 8.16
Current: 8.16

During the past 13 years, the highest Debt-to-Equity Ratio of Shandong Hi-Speed Holdings Group was 8.16. The lowest was 0.02. And the median was 1.32.

HKSE:00412's Debt-to-Equity is ranked worse than
98.92% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs HKSE:00412: 8.16

Shandong Hi-Speed Holdings Group Debt-to-Equity Historical Data

The historical data trend for Shandong Hi-Speed Holdings Group'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.

Shandong Hi-Speed Holdings Group Debt-to-Equity Chart

Shandong Hi-Speed Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.25

1.57

1.64

6.69

8.16

Shandong Hi-Speed Holdings Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.64	6.19	6.69	7.80	8.16

Competitive Comparison of Shandong Hi-Speed Holdings Group's Debt-to-Equity

For the Asset Management subindustry, Shandong Hi-Speed Holdings Group'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 Hi-Speed Holdings Group's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Shandong Hi-Speed Holdings Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Holdings Group's Debt-to-Equity falls into.

Shandong Hi-Speed Holdings Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Hi-Speed Holdings Group'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
	=	(17629.879	+	32227.456)	/	6109.091
	=	8.16

Shandong Hi-Speed Holdings Group'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
	=	(17629.879	+	32227.456)	/	6109.091
	=	8.16

Shandong Hi-Speed Holdings Group (HKSE:00412) 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 Hi-Speed Holdings Group Debt-to-Equity Related Terms

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Shandong Hi-Speed Holdings Group (HKSE:00412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shandong Hi-Speed Holdings Group Ltd (HKSE:00412) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HRI:Germany

Address

No. 50 Connaught Road Central, 17th Floor, Agricultural Bank of China Tower, Hong Kong, HKG

Website

https://www.csfg.com.hk

Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include Industrial investment segment in operations of industrial investment-related business; Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform; & Financial technology segment in online investment & technology-enabled lending services & online new media services. The majority is from the Industrial Investment segment & key revenue is from PRC.

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