Xiamen Itg Group (SHSE:600755) Debt-to-Equity : 1.12 (As of Mar. 2024)

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What is Xiamen Itg Group Debt-to-Equity?

Xiamen Itg Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥32,555 Mil. Xiamen Itg Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,307 Mil. Xiamen Itg Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥35,487 Mil. Xiamen Itg Group's debt to equity for the quarter that ended in Mar. 2024 was 1.12.

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 Itg Group's Debt-to-Equity or its related term are showing as below:

SHSE:600755' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.89 Max: 2.01
Current: 1.12

During the past 13 years, the highest Debt-to-Equity Ratio of Xiamen Itg Group was 2.01. The lowest was 0.36. And the median was 0.89.

SHSE:600755's Debt-to-Equity is ranked worse than
84.33% of 134 companies
in the Industrial Distribution industry
Industry Median: 0.5 vs SHSE:600755: 1.12

Xiamen Itg Group Debt-to-Equity Historical Data

The historical data trend for Xiamen Itg Group'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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Xiamen Itg Group Debt-to-Equity Chart

Xiamen Itg Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.78

1.02

0.36

0.58

0.65

Xiamen Itg Group 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															1.19	0.76	0.80	0.65	1.12

Competitive Comparison of Xiamen Itg Group's Debt-to-Equity

For the Industrial Distribution subindustry, Xiamen Itg Group'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 Itg Group's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Xiamen Itg Group's Debt-to-Equity distribution charts can be found below:

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

Xiamen Itg Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xiamen Itg Group'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
	=	(16103.931	+	5233.004)	/	32636.225
	=	0.65

Xiamen Itg Group'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
	=	(32555.177	+	7307.129)	/	35486.951
	=	1.12

Xiamen Itg Group (SHSE:600755) 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 Itg Group Debt-to-Equity Related Terms

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Xiamen Itg Group (SHSE:600755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Xiamen Itg Group Corp Ltd (SHSE:600755) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hubin South Road, 8-18th International Trade Building, Fujian, Xiamen, CHN, 361004

Website

http://www.itg.com.cn

Xiamen Itg Group Corp Ltd is engaged in trading a variety of commodities like iron ores, other minerals, coal, steel, paper, textile, chemical products, farm produce, ships, tire, wood, and many others. It is also engaged in the real estate sector.

Executives

Cai Ying Bin	senior management
Fan Dan	senior management
Gao Shao Yong	Director
Wu Yun Xuan	Directors, senior managers
Zhu Da Xin	senior management
Wang Yong Qing	senior management
Yu Li Jie	senior management
Wang Xiao Feng	senior management
Ceng Yuan	senior management
Lu Zheng Jian	senior management
Xu Xiao Xi	Director
Bo Shu Ya	senior management
Xu Qiu Qin	Supervisors
Lin Chen Liang	Director

Xiamen Itg Group (SHSE:600755) Headlines

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