Guanghui Energy Co (SHSE:600256) Debt-to-Equity : 0.71 (As of Mar. 2024)

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What is Guanghui Energy Co Debt-to-Equity?

Guanghui Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14,041 Mil. Guanghui Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,138 Mil. Guanghui Energy Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥29,786 Mil. Guanghui Energy Co's debt to equity for the quarter that ended in Mar. 2024 was 0.71.

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

SHSE:600256' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 1.38 Max: 1.87
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Guanghui Energy Co was 1.87. The lowest was 0.58. And the median was 1.38.

SHSE:600256's Debt-to-Equity is ranked worse than
65.31% of 833 companies
in the Oil & Gas industry
Industry Median: 0.44 vs SHSE:600256: 0.71

Guanghui Energy Co Debt-to-Equity Historical Data

The historical data trend for Guanghui Energy 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.

Guanghui Energy Co Debt-to-Equity Chart

Guanghui Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.35

1.38

1.15

0.68

0.71

Guanghui Energy 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															0.58	0.74	0.74	0.71	0.71

Competitive Comparison of Guanghui Energy Co's Debt-to-Equity

For the Oil & Gas Integrated subindustry, Guanghui Energy 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.

Guanghui Energy Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Guanghui Energy Co's Debt-to-Equity distribution charts can be found below:

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

Guanghui Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guanghui Energy 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
	=	(14064.982	+	6461.86)	/	28965.302
	=	0.71

Guanghui Energy 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
	=	(14040.971	+	7138.122)	/	29786.185
	=	0.71

Guanghui Energy Co (SHSE:600256) 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.

Guanghui Energy Co Debt-to-Equity Related Terms

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Guanghui Energy Co (SHSE:600256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Guanghui Energy Co Ltd (SHSE:600256) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

16 Shanghai Road, Xinjiang Uygur Autonomous Region, Urumqi Economic and Technological Development Zone, Xinjiang, CHN

Website

http://www.xjguanghui.com

Guanghui Energy Co Ltd is engaged in the business of liquefied natural gas (LNG), coal chemical, coal development, and oil and gas exploration and development. The company has formed four segments focusing on coal liquefaction, coal mining, coal chemical conversion, and oil and gas exploration and development with coal, LNG, alcohol ether, coal tar, and petroleum as core products, and supported by energy logistics.

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