Chongqing Port Co (SHSE:600279) Debt-to-Equity : 0.59 (As of Mar. 2024)

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What is Chongqing Port Co Debt-to-Equity?

Chongqing Port Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥442 Mil. Chongqing Port Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,261 Mil. Chongqing Port Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥6,255 Mil. Chongqing Port Co's debt to equity for the quarter that ended in Mar. 2024 was 0.59.

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

SHSE:600279' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 0.72 Max: 0.88
Current: 0.59

During the past 13 years, the highest Debt-to-Equity Ratio of Chongqing Port Co was 0.88. The lowest was 0.49. And the median was 0.72.

SHSE:600279's Debt-to-Equity is ranked worse than
52.38% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs SHSE:600279: 0.59

Chongqing Port Co Debt-to-Equity Historical Data

The historical data trend for Chongqing Port 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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Chongqing Port Co Debt-to-Equity Chart

Chongqing Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.79

0.72

0.76

0.68

0.60

Chongqing Port 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															0.66	0.72	0.67	0.60	0.59

Competitive Comparison of Chongqing Port Co's Debt-to-Equity

For the Marine Shipping subindustry, Chongqing Port 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.

Chongqing Port Co's Debt-to-Equity Distribution in the Transportation Industry

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

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

Chongqing Port Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqing Port 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
	=	(414.063	+	3326.898)	/	6251.506
	=	0.60

Chongqing Port 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
	=	(441.882	+	3260.628)	/	6254.501
	=	0.59

Chongqing Port Co (SHSE:600279) 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.

Chongqing Port Co Debt-to-Equity Related Terms

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Chongqing Port Co (SHSE:600279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chongqing Port Co Ltd (SHSE:600279) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1, Fugang Avenue, Yuzui Town, Jiangbei District, Chongqing, CHN, 400025

Website

http://www.cqgj.com.cn

Chongqing Port Co Ltd formerly Chongqing Gangjiu Co Ltd provides cargo handling services primarily in China. The business activities of the group include logistics consulting, logistics planning, ship generation, freight forwarding, port loading and unloading, land and water transfer, inland river passenger and cargo transportation, container transit transportation, warehousing, distribution and other integrated logistics transportation services.

Chongqing Port Co (SHSE:600279) Headlines

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