Xiamen Xiangyu Co (SHSE:600057) Debt-to-Equity : 1.63 (As of Mar. 2024)

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What is Xiamen Xiangyu Co Debt-to-Equity?

Xiamen Xiangyu Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥35,813 Mil. Xiamen Xiangyu Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,357 Mil. Xiamen Xiangyu Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥23,423 Mil. Xiamen Xiangyu Co's debt to equity for the quarter that ended in Mar. 2024 was 1.63.

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

SHSE:600057' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.02 Med: 1.81 Max: 4.27
Current: 1.63

During the past 13 years, the highest Debt-to-Equity Ratio of Xiamen Xiangyu Co was 4.27. The lowest was 1.02. And the median was 1.81.

SHSE:600057's Debt-to-Equity is ranked worse than
82.65% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs SHSE:600057: 1.63

Xiamen Xiangyu Co Debt-to-Equity Historical Data

The historical data trend for Xiamen Xiangyu 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.

Xiamen Xiangyu Co Debt-to-Equity Chart

Xiamen Xiangyu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.16

1.28

1.02

1.17

1.34

Xiamen Xiangyu 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															2.32	1.67	1.21	1.34	1.63

Competitive Comparison of Xiamen Xiangyu Co's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Xiamen Xiangyu 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.

Xiamen Xiangyu Co's Debt-to-Equity Distribution in the Transportation Industry

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

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

Xiamen Xiangyu Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xiamen Xiangyu 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
	=	(26033.044	+	1938.15)	/	20841.31
	=	1.34

Xiamen Xiangyu 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
	=	(35813.086	+	2356.529)	/	23422.646
	=	1.63

Xiamen Xiangyu Co (SHSE:600057) 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.

Xiamen Xiangyu Co Debt-to-Equity Related Terms

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Xiamen Xiangyu Co (SHSE:600057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xiamen Xiangyu Co Ltd (SHSE:600057) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2F, Yinsheng Mansion, No.21 Xiangxing Forth Road, Free Trade Zone, Modern Logistic, Xiamen, Fujian, CHN, 361006

Website

http://www.xiangyu.cn

Xiamen Xiangyu Co Ltd provides supply chain and circulation services in the People's Republic of China. It supplies plastic chemicals, agricultural products, metallic ores, forest products, and mechanical and electrical products. The company also offers various integrated logistics services comprising the international purchase and distribution, international multimodal transport, domestic door-to-door logistics and financial logistics.

Xiamen Xiangyu Co (SHSE:600057) Headlines

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