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Along Tibet Co (SHSE:600773) Debt-to-Equity : 1.00 (As of Mar. 2024)


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What is Along Tibet Co Debt-to-Equity?

Along Tibet Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥883 Mil. Along Tibet Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,898 Mil. Along Tibet Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,791 Mil. Along Tibet Co's debt to equity for the quarter that ended in Mar. 2024 was 1.00.

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

SHSE:600773' s Debt-to-Equity Range Over the Past 10 Years
Min: 1   Med: 1.73   Max: 4.37
Current: 1

During the past 13 years, the highest Debt-to-Equity Ratio of Along Tibet Co was 4.37. The lowest was 1.00. And the median was 1.73.

SHSE:600773's Debt-to-Equity is ranked worse than
60.21% of 1586 companies
in the Real Estate industry
Industry Median: 0.755 vs SHSE:600773: 1.00

Along Tibet Co Debt-to-Equity Historical Data

The historical data trend for Along Tibet 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.

Along Tibet Co Debt-to-Equity Chart

Along Tibet Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.87 1.69 1.72 1.35 1.06

Along Tibet 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.37 1.47 1.06 1.06 1.00

Competitive Comparison of Along Tibet Co's Debt-to-Equity

For the Real Estate - Development subindustry, Along Tibet 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.


Along Tibet Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Along Tibet Co's Debt-to-Equity distribution charts can be found below:

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



Along Tibet Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Along Tibet Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Along Tibet Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Along Tibet Co  (SHSE:600773) 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.


Along Tibet Co Debt-to-Equity Related Terms

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Along Tibet Co (SHSE:600773) Business Description

Traded in Other Exchanges
N/A
Address
No. 56 Jinzhu West Road, Department of Commerce of Tibet, 10F, Lasa, Tibet, CHN, 850000
Website
Along Tibet Co Ltd is a real estate developer. The Company is engaged in urban transformation, and residential properties.
Executives
Zhang Ze Yun senior management
Ceng Yuan Chun senior management
Wu Su Fen Supervisors
Tao Ying senior management
Wang De Yin senior management
Wu Jing Dong senior management
Liu Hui Quan Supervisors

Along Tibet Co (SHSE:600773) Headlines

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