Zheshang Securities Co (SHSE:601878) Debt-to-Equity : 1.13 (As of Mar. 2024)

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What is Zheshang Securities Co Debt-to-Equity?

Zheshang Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Zheshang Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥30,936 Mil. Zheshang Securities Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥27,510 Mil. Zheshang Securities Co'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 Zheshang Securities Co's Debt-to-Equity or its related term are showing as below:

SHSE:601878' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 1.15 Max: 1.66
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of Zheshang Securities Co was 1.66. The lowest was 0.21. And the median was 1.15.

SHSE:601878's Debt-to-Equity is ranked worse than
76.1% of 611 companies
in the Capital Markets industry
Industry Median: 0.37 vs SHSE:601878: 1.13

Zheshang Securities Co Debt-to-Equity Historical Data

The historical data trend for Zheshang 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.

Zheshang Securities Co Debt-to-Equity Chart

Zheshang Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.42

1.18

1.15

1.02

1.20

Zheshang 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															1.30	1.14	1.17	1.20	1.13

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

For the Capital Markets subindustry, Zheshang 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.

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

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

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

Zheshang Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zheshang 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	+	32314.002)	/	27016.418
	=	1.20

Zheshang 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	+	30936.214)	/	27509.992
	=	1.12

Zheshang Securities Co (SHSE:601878) 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.

Zheshang Securities Co Debt-to-Equity Related Terms

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Zheshang Securities Co (SHSE:601878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zheshang Securities Co Ltd (SHSE:601878) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Wuxing Road, Jianggan District, Zhejiang Province, Hangzhou Shi, CHN, 310020

Website

https://www.stocke.com.cn

Zheshang Securities Co Ltd is a securities brokerage firm. The company offers a variety of services such as securities brokerage, investment banking, asset management, financial adviser services, investment consulting, securities self-operation, and, margin trading services. It also engages in the financial futures brokerage business, commodity futures brokerage business, and asset management.

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