Shuifa Energas Gas Co (SHSE:603318) Debt-to-Equity : 0.93 (As of Mar. 2024)

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What is Shuifa Energas Gas Co Debt-to-Equity?

Shuifa Energas Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,420 Mil. Shuifa Energas Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥141 Mil. Shuifa Energas Gas Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,671 Mil. Shuifa Energas Gas Co's debt to equity for the quarter that ended in Mar. 2024 was 0.93.

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 Shuifa Energas Gas Co's Debt-to-Equity or its related term are showing as below:

SHSE:603318' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.6 Max: 0.93
Current: 0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Shuifa Energas Gas Co was 0.93. The lowest was 0.18. And the median was 0.60.

SHSE:603318's Debt-to-Equity is ranked worse than
72.92% of 831 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SHSE:603318: 0.93

Shuifa Energas Gas Co Debt-to-Equity Historical Data

The historical data trend for Shuifa Energas Gas 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.

Shuifa Energas Gas Co Debt-to-Equity Chart

Shuifa Energas Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.23

0.38

0.71

0.92

Shuifa Energas Gas 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															0.65	0.68	0.76	0.92	0.93

Competitive Comparison of Shuifa Energas Gas Co's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Shuifa Energas Gas 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.

Shuifa Energas Gas Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shuifa Energas Gas Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shuifa Energas Gas Co's Debt-to-Equity falls into.

Shuifa Energas Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shuifa Energas Gas 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
	=	(1371.29	+	140.658)	/	1640.229
	=	0.92

Shuifa Energas Gas 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
	=	(1420.45	+	140.658)	/	1670.669
	=	0.93

Shuifa Energas Gas Co (SHSE:603318) 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.

Shuifa Energas Gas Co Debt-to-Equity Related Terms

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Shuifa Energas Gas Co (SHSE:603318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shuifa Energas Gas Co Ltd (SHSE:603318) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.73, Zhenpeng Industrial City, Economic and Technological Development Zone, Liaoning Province, Dalian, CHN, 250100

Website

http://www.energas.cn

Shuifa Energas Gas Co Ltd formerly Dalian Energas Gas-System Co Ltd is engaged in the design, production, sales, and services of related products in the field of gas transmission and distribution and gas applications. The products and services of the company include gas transmission and distribution systems which include pressure regulating stations, long-distance pipelines, and distribution system equipment, gas application systems which include gas turbine auxiliary equipment, gas turbine MSD pipelines, and steam turbine steam seal pipelines, and spare parts.

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