Semiconductor Manufacturing International (HKSE:00981) Debt-to-Equity : 0.51 (As of Dec. 2023)

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What is Semiconductor Manufacturing International Debt-to-Equity?

Semiconductor Manufacturing International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$9,751 Mil. Semiconductor Manufacturing International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$69,976 Mil. Semiconductor Manufacturing International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$157,103 Mil. Semiconductor Manufacturing International's debt to equity for the quarter that ended in Dec. 2023 was 0.51.

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 Semiconductor Manufacturing International's Debt-to-Equity or its related term are showing as below:

HKSE:00981' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.48 Max: 0.73
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Semiconductor Manufacturing International was 0.73. The lowest was 0.38. And the median was 0.48.

HKSE:00981's Debt-to-Equity is ranked worse than
69.36% of 878 companies
in the Semiconductors industry
Industry Median: 0.27 vs HKSE:00981: 0.51

Semiconductor Manufacturing International Debt-to-Equity Historical Data

The historical data trend for Semiconductor Manufacturing International'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.

Semiconductor Manufacturing International Debt-to-Equity Chart

Semiconductor Manufacturing International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.63

0.42

0.40

0.45

0.51

Semiconductor Manufacturing International 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															0.45	0.48	0.49	0.48	0.51

Competitive Comparison of Semiconductor Manufacturing International's Debt-to-Equity

For the Semiconductors subindustry, Semiconductor Manufacturing International'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.

Semiconductor Manufacturing International's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Semiconductor Manufacturing International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Semiconductor Manufacturing International's Debt-to-Equity falls into.

Semiconductor Manufacturing International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Semiconductor Manufacturing International'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
	=	(9751.496	+	69976.144)	/	157102.733
	=	0.51

Semiconductor Manufacturing International'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
	=	(9751.496	+	69976.144)	/	157102.733
	=	0.51

Semiconductor Manufacturing International (HKSE:00981) 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.

Semiconductor Manufacturing International Debt-to-Equity Related Terms

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Semiconductor Manufacturing International (HKSE:00981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Semiconductor Manufacturing International Corp (HKSE:00981) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MKN2:Germany 688981:China

Address

No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.smics.com

Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.

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