Shanghai CDXJ Digital Technology Co (SHSE:603887) Debt-to-Equity : 0.92 (As of Mar. 2024)

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What is Shanghai CDXJ Digital Technology Co Debt-to-Equity?

Shanghai CDXJ Digital Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥780 Mil. Shanghai CDXJ Digital Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,810 Mil. Shanghai CDXJ Digital Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,807 Mil. Shanghai CDXJ Digital Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.92.

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 CDXJ Digital Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:603887' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.3 Max: 0.94
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai CDXJ Digital Technology Co was 0.94. The lowest was 0.03. And the median was 0.30.

SHSE:603887's Debt-to-Equity is ranked worse than
74.34% of 1516 companies
in the Construction industry
Industry Median: 0.44 vs SHSE:603887: 0.92

Shanghai CDXJ Digital Technology Co Debt-to-Equity Historical Data

The historical data trend for Shanghai CDXJ Digital Technology 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.

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Shanghai CDXJ Digital Technology Co Debt-to-Equity Chart

Shanghai CDXJ Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.27

0.61

0.70

0.81

0.94

Shanghai CDXJ Digital Technology 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															0.81	0.85	0.81	0.94	0.92

Competitive Comparison of Shanghai CDXJ Digital Technology Co's Debt-to-Equity

For the Engineering & Construction subindustry, Shanghai CDXJ Digital Technology 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 CDXJ Digital Technology Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shanghai CDXJ Digital Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai CDXJ Digital Technology Co's Debt-to-Equity falls into.

Shanghai CDXJ Digital Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai CDXJ Digital Technology 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
	=	(892.662	+	1745.994)	/	2795.579
	=	0.94

Shanghai CDXJ Digital Technology 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
	=	(780.291	+	1810.101)	/	2806.994
	=	0.92

Shanghai CDXJ Digital Technology Co (SHSE:603887) 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 CDXJ Digital Technology Co Debt-to-Equity Related Terms

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Shanghai CDXJ Digital Technology Co (SHSE:603887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai CDXJ Digital Technology Co Ltd (SHSE:603887) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Heng Wing Road, Lane 518 Zone 1 502-1 B, Jiading District, Shanghai, CHN, 200062

Website

http://www.shcd.cc

Shanghai CDXJ Digital Technology Co Ltd, formerly known as Shanghai Chengdi Construction Corp Ltd is involved in the business of foundation pit, pile foundation engineering, real estate, industrial, municipal, public buildings and other underground spaces in China. Its business mainly includes the construction services related to static press piles, broad piles, cement-soil mixing piles and other foundation work.

Executives

Xie Xiao Dong	Directors, senior managers
Wang Qi	senior management
Chen Wei Min	Director
Zhou Yu Shi	senior management
Xie Shu Dong	Director
Liu Guo Feng	Director

Shanghai CDXJ Digital Technology Co (SHSE:603887) Headlines

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