Dazhong Transportation (Group) Co (SHSE:600611) Debt-to-Equity : 0.58 (As of Mar. 2024)

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What is Dazhong Transportation (Group) Co Debt-to-Equity?

Dazhong Transportation (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,128 Mil. Dazhong Transportation (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,335 Mil. Dazhong Transportation (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥9,496 Mil. Dazhong Transportation (Group) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.58.

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 Dazhong Transportation (Group) Co's Debt-to-Equity or its related term are showing as below:

SHSE:600611' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.35 Max: 0.58
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Dazhong Transportation (Group) Co was 0.58. The lowest was 0.13. And the median was 0.35.

SHSE:600611's Debt-to-Equity is ranked worse than
52.95% of 882 companies
in the Transportation industry
Industry Median: 0.55 vs SHSE:600611: 0.58

Dazhong Transportation (Group) Co Debt-to-Equity Historical Data

The historical data trend for Dazhong Transportation (Group) 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.

Dazhong Transportation (Group) Co Debt-to-Equity Chart

Dazhong Transportation (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.33

0.44

0.41

0.49

0.57

Dazhong Transportation (Group) 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															0.56	0.55	0.56	0.57	0.58

Competitive Comparison of Dazhong Transportation (Group) Co's Debt-to-Equity

For the Trucking subindustry, Dazhong Transportation (Group) 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.

Dazhong Transportation (Group) Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dazhong Transportation (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dazhong Transportation (Group) Co's Debt-to-Equity falls into.

Dazhong Transportation (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dazhong Transportation (Group) 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
	=	(3171.094	+	2298.827)	/	9522.459
	=	0.57

Dazhong Transportation (Group) 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
	=	(3127.614	+	2335.191)	/	9496.203
	=	0.58

Dazhong Transportation (Group) Co (SHSE:600611) 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.

Dazhong Transportation (Group) Co Debt-to-Equity Related Terms

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Dazhong Transportation (Group) Co (SHSE:600611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dazhong Transportation (Group) Co Ltd (SHSE:600611) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

900903:China

Address

No. 1515 Zhongshan West Road, Dazhong Building, 22nd Floor, Xuhui District, Shanghai, CHN, 200235

Website

http://www.96822.com

Dazhong Transportation Group is a passenger transportation and property investment company. The company operates taxis and public bus passenger transportation, and maintains, leases, and distributes automobiles. Dazhong Transportation also operates a real estate investment business, which develops, leases, and sells residential and commercial property. In addition, the company provides logistics, tourism, and catering services. The company is headquartered in the People's Republic of China, and generates revenue domestically.

Dazhong Transportation (Group) Co (SHSE:600611) Headlines

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