CSSC (Hong Kong) Shipping Co (HKSE:03877) Debt-to-Equity : 2.47 (As of Dec. 2023)

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What is CSSC (Hong Kong) Shipping Co Debt-to-Equity?

CSSC (Hong Kong) Shipping Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. CSSC (Hong Kong) Shipping Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$31,357 Mil. CSSC (Hong Kong) Shipping Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$12,712 Mil. CSSC (Hong Kong) Shipping Co's debt to equity for the quarter that ended in Dec. 2023 was 2.47.

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 CSSC (Hong Kong) Shipping Co's Debt-to-Equity or its related term are showing as below:

HKSE:03877' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.19 Med: 2.72 Max: 4.36
Current: 2.47

During the past 8 years, the highest Debt-to-Equity Ratio of CSSC (Hong Kong) Shipping Co was 4.36. The lowest was 2.19. And the median was 2.72.

HKSE:03877's Debt-to-Equity is ranked worse than
89.76% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs HKSE:03877: 2.47

CSSC (Hong Kong) Shipping Co Debt-to-Equity Historical Data

The historical data trend for CSSC (Hong Kong) Shipping 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.

CSSC (Hong Kong) Shipping Co Debt-to-Equity Chart

CSSC (Hong Kong) Shipping Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.19

2.30

2.98

2.42

2.47

CSSC (Hong Kong) Shipping Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									2.98	2.68	2.42	2.24	2.47

Competitive Comparison of CSSC (Hong Kong) Shipping Co's Debt-to-Equity

For the Rental & Leasing Services subindustry, CSSC (Hong Kong) Shipping 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.

CSSC (Hong Kong) Shipping Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CSSC (Hong Kong) Shipping Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CSSC (Hong Kong) Shipping Co's Debt-to-Equity falls into.

CSSC (Hong Kong) Shipping Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CSSC (Hong Kong) Shipping 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	+	31357.383)	/	12711.872
	=	2.47

CSSC (Hong Kong) Shipping 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	+	31357.383)	/	12711.872
	=	2.47

CSSC (Hong Kong) Shipping Co (HKSE:03877) 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.

CSSC (Hong Kong) Shipping Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CSSC (Hong Kong) Shipping Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CSSC (Hong Kong) Shipping Co (HKSE:03877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CSSC (Hong Kong) Shipping Co Ltd (HKSE:03877) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

3LL:Germany

Address

19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG

Website

https://www.csscshipping.cn

CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company in Greater China. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides Leasing services.

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