China Southern Airlines Co (SHSE:600029) Debt-to-Equity : 5.49 (As of Mar. 2024)

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What is China Southern Airlines Co Debt-to-Equity?

China Southern Airlines Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥87,689 Mil. China Southern Airlines Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥118,360 Mil. China Southern Airlines Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥37,540 Mil. China Southern Airlines Co's debt to equity for the quarter that ended in Mar. 2024 was 5.49.

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 China Southern Airlines Co's Debt-to-Equity or its related term are showing as below:

SHSE:600029' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 2.5 Max: 5.57
Current: 5.49

During the past 13 years, the highest Debt-to-Equity Ratio of China Southern Airlines Co was 5.57. The lowest was 0.68. And the median was 2.50.

SHSE:600029's Debt-to-Equity is ranked worse than
96.93% of 880 companies
in the Transportation industry
Industry Median: 0.55 vs SHSE:600029: 5.49

China Southern Airlines Co Debt-to-Equity Historical Data

The historical data trend for China Southern Airlines 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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China Southern Airlines Co Debt-to-Equity Chart

China Southern Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.55

2.72

2.58

4.93

5.57

China Southern Airlines Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															5.03	5.10	4.43	5.57	5.49

Competitive Comparison of China Southern Airlines Co's Debt-to-Equity

For the Airlines subindustry, China Southern Airlines 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.

China Southern Airlines Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Southern Airlines Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Southern Airlines Co's Debt-to-Equity falls into.

China Southern Airlines Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Southern Airlines 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
	=	(85144	+	119754)	/	36784
	=	5.57

China Southern Airlines Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(87689	+	118360)	/	37540
	=	5.49

China Southern Airlines Co (SHSE:600029) 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.

China Southern Airlines Co Debt-to-Equity Related Terms

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China Southern Airlines Co (SHSE:600029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Southern Airlines Co Ltd (SHSE:600029) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHKIF:USA 01055:Hong Kong ZNHH:Germany

Address

68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403

Website

https://www.csair.com

China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.

China Southern Airlines Co (SHSE:600029) Headlines

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