SINOPEC Engineering (Group) Co (HKSE:02386) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is SINOPEC Engineering (Group) Co Debt-to-Equity?

SINOPEC Engineering (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$130 Mil. SINOPEC Engineering (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$149 Mil. SINOPEC Engineering (Group) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$33,734 Mil. SINOPEC Engineering (Group) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 SINOPEC Engineering (Group) Co's Debt-to-Equity or its related term are showing as below:

HKSE:02386' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.68
Current: 0.01

During the past 12 years, the highest Debt-to-Equity Ratio of SINOPEC Engineering (Group) Co was 0.68. The lowest was 0.01. And the median was 0.01.

HKSE:02386's Debt-to-Equity is ranked better than
99.93% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:02386: 0.01

SINOPEC Engineering (Group) Co Debt-to-Equity Historical Data

The historical data trend for SINOPEC Engineering (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.

SINOPEC Engineering (Group) Co Debt-to-Equity Chart

SINOPEC Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

SINOPEC Engineering (Group) 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of SINOPEC Engineering (Group) Co's Debt-to-Equity

For the Engineering & Construction subindustry, SINOPEC Engineering (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.

SINOPEC Engineering (Group) Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, SINOPEC Engineering (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SINOPEC Engineering (Group) Co's Debt-to-Equity falls into.

SINOPEC Engineering (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SINOPEC Engineering (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
	=	(130.186	+	148.608)	/	33734.485
	=	0.01

SINOPEC Engineering (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
	=	(130.186	+	148.608)	/	33734.485
	=	0.01

SINOPEC Engineering (Group) Co (HKSE:02386) 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.

SINOPEC Engineering (Group) Co Debt-to-Equity Related Terms

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SINOPEC Engineering (Group) Co (HKSE:02386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SINOPEC Engineering (Group) Co Ltd (HKSE:02386) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

SENGF:USA

Address

Shenggu Middle Road, No. 8 Building, Shenggu Home, Chaoyang District, Beijing, CHN, 100029

Website

http://www.segroup.cn

SINOPEC Engineering (Group) Co Ltd is a wholly owned subsidiary of the Sinopec Group, a Chinese company. The group provides integrated engineering services and technical patents for domestic and international refining and chemical engineering businesses. The group mainly contains four segments: engineering, consulting and licensing; engineering, procurement and construction (EPC) contracting; construction; and equipment manufacturing. The company generates most of its revenue from the EPC contracting segment. Geographically, the business presence of the group is primarily seen in China, Malaysia, Kuwait, and Saudi Arabia.

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