Soochow Securities Co (SHSE:601555) Debt-to-Equity : 1.08 (As of Mar. 2024)

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What is Soochow Securities Co Debt-to-Equity?

Soochow Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Soochow Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥43,471 Mil. Soochow Securities Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥40,354 Mil. Soochow Securities Co's debt to equity for the quarter that ended in Mar. 2024 was 1.08.

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

SHSE:601555' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 1.18 Max: 1.74
Current: 1.08

During the past 13 years, the highest Debt-to-Equity Ratio of Soochow Securities Co was 1.74. The lowest was 0.49. And the median was 1.18.

SHSE:601555's Debt-to-Equity is ranked worse than
75.45% of 611 companies
in the Capital Markets industry
Industry Median: 0.37 vs SHSE:601555: 1.08

Soochow Securities Co Debt-to-Equity Historical Data

The historical data trend for Soochow Securities 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.

Soochow Securities Co Debt-to-Equity Chart

Soochow Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.60

1.32

0.93

1.00

1.07

Soochow Securities 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															1.09	1.12	1.11	1.07	1.08

Competitive Comparison of Soochow Securities Co's Debt-to-Equity

For the Capital Markets subindustry, Soochow Securities 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.

Soochow Securities Co's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Soochow Securities Co's Debt-to-Equity distribution charts can be found below:

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

Soochow Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Soochow Securities 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
	=	(0	+	42630.256)	/	39714.783
	=	1.07

Soochow Securities 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
	=	(0	+	43470.577)	/	40353.842
	=	1.08

Soochow Securities Co (SHSE:601555) 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.

Soochow Securities Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Soochow Securities Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Soochow Securities Co (SHSE:601555) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Soochow Securities Co Ltd (SHSE:601555) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.5 Xingyang Street, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215021

Website

http://www.dwjq.com.cn

Soochow Securities Co Ltd is a securities company. Its businesses include securities brokerage, investment banking, securities investing, asset management, fixed-income investing, margin financing and wealth management. The group also act as a support system of research consulting, information technology and risk management, creating a co-development and win-win cooperation future for customers. Geographically the activities are carried out through China.

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