Shengjing Bank Co (HKSE:02066) Debt-to-Equity : 0.22 (As of Dec. 2023)

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What is Shengjing Bank Co Debt-to-Equity?

Shengjing Bank Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. Shengjing Bank Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$19,243 Mil. Shengjing Bank Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$86,770 Mil. Shengjing Bank Co's debt to equity for the quarter that ended in Dec. 2023 was 0.22.

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

HKSE:02066' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.81 Max: 3.31
Current: 0.22

During the past 11 years, the highest Debt-to-Equity Ratio of Shengjing Bank Co was 3.31. The lowest was 0.09. And the median was 0.81.

HKSE:02066's Debt-to-Equity is ranked better than
80.96% of 1392 companies
in the Banks industry
Industry Median: 0.66 vs HKSE:02066: 0.22

Shengjing Bank Co Debt-to-Equity Historical Data

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

Shengjing Bank Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.04

0.58

0.11

0.22

Shengjing Bank Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.27	0.22	0.18	0.22

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

For the Banks - Regional subindustry, Shengjing 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.

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

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

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

Shengjing Bank Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shengjing 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	+	19242.772)	/	86769.664
	=	0.22

Shengjing 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	+	19242.772)	/	86769.664
	=	0.22

Shengjing Bank Co (HKSE:02066) 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.

Shengjing Bank Co Debt-to-Equity Related Terms

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Shengjing Bank Co (HKSE:02066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shengjing Bank Co Ltd (HKSE:02066) » Definitions » Debt-to-Equity

Traded in Other Exchanges

6SY:Germany

Address

No. 109 Beizhan Road, Shenhe District, Liaoning Province, Shenyang, CHN, 110013

Website

https://www.shengjingbank.com.cn

Shengjing Bank Co Ltd operates as a commercial bank. The company's services include personal banking, corporate finance services, and financial services. The operating business segments are Corporate Banking, Retail Banking, Treasury Business, and Others. It derives maximum revenue from the Corporate Banking segment which includes the provision of a range of financial products and services to corporations, government agencies, and financial institutions. Its products and services include corporate loans and advances, trade financing and deposit-taking activities, agency services, and remittance and settlement services.

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