Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Debt-to-Equity : 0.08 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Shanghai Jinjiang Shipping (Group) Co Debt-to-Equity?

Shanghai Jinjiang Shipping (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥317 Mil. Shanghai Jinjiang Shipping (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥377 Mil. Shanghai Jinjiang Shipping (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,234 Mil. Shanghai Jinjiang Shipping (Group) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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 Shanghai Jinjiang Shipping (Group) Co's Debt-to-Equity or its related term are showing as below:

SHSE:601083' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.15 Max: 0.23
Current: 0.08

During the past 5 years, the highest Debt-to-Equity Ratio of Shanghai Jinjiang Shipping (Group) Co was 0.23. The lowest was 0.01. And the median was 0.15.

SHSE:601083's Debt-to-Equity is ranked better than
90.48% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs SHSE:601083: 0.08

Shanghai Jinjiang Shipping (Group) Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Jinjiang Shipping (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.

Shanghai Jinjiang Shipping (Group) Co Debt-to-Equity Chart

Shanghai Jinjiang Shipping (Group) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.20

0.23

0.10

Shanghai Jinjiang Shipping (Group) Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							-	0.18	0.15	0.10	0.08

Competitive Comparison of Shanghai Jinjiang Shipping (Group) Co's Debt-to-Equity

For the Marine Shipping subindustry, Shanghai Jinjiang Shipping (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.

Shanghai Jinjiang Shipping (Group) Co's Debt-to-Equity Distribution in the Transportation Industry

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

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

Shanghai Jinjiang Shipping (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Jinjiang Shipping (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
	=	(399.562	+	436.557)	/	8106.23
	=	0.10

Shanghai Jinjiang Shipping (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
	=	(316.522	+	376.738)	/	8234.076
	=	0.08

Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) 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.

Shanghai Jinjiang Shipping (Group) Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Shanghai Jinjiang Shipping (Group) Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Jinjiang Shipping (Group) Co Ltd (SHSE:601083) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98 Huaihai Middle Road, 15th Floor, Admiralty Plaza, Shanghai, CHN, 200021

Website

https://www.jjshipping.cn

Shanghai Jinjiang Shipping (Group) Co Ltd is engaged in International and domestic maritime container transportation business.

Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Headlines

No Headlines