Shandong Intco Recycling Resources Co (SHSE:688087) Debt-to-Equity : 0.74 (As of Mar. 2024)

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What is Shandong Intco Recycling Resources Co Debt-to-Equity?

Shandong Intco Recycling Resources Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,702 Mil. Shandong Intco Recycling Resources Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3 Mil. Shandong Intco Recycling Resources Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,309 Mil. Shandong Intco Recycling Resources Co's debt to equity for the quarter that ended in Mar. 2024 was 0.74.

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 Shandong Intco Recycling Resources Co's Debt-to-Equity or its related term are showing as below:

SHSE:688087' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.22 Max: 0.74
Current: 0.74

During the past 7 years, the highest Debt-to-Equity Ratio of Shandong Intco Recycling Resources Co was 0.74. The lowest was 0.04. And the median was 0.22.

SHSE:688087's Debt-to-Equity is ranked worse than
50.68% of 221 companies
in the Waste Management industry
Industry Median: 0.73 vs SHSE:688087: 0.74

Shandong Intco Recycling Resources Co Debt-to-Equity Historical Data

The historical data trend for Shandong Intco Recycling Resources 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.

Shandong Intco Recycling Resources Co Debt-to-Equity Chart

Shandong Intco Recycling Resources Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.11

0.04

0.22

0.60

Shandong Intco Recycling Resources Co Quarterly Data
	Dec18	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															0.38	0.46	0.52	0.60	0.74

Competitive Comparison of Shandong Intco Recycling Resources Co's Debt-to-Equity

For the Waste Management subindustry, Shandong Intco Recycling Resources 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.

Shandong Intco Recycling Resources Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Shandong Intco Recycling Resources Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shandong Intco Recycling Resources Co's Debt-to-Equity falls into.

Shandong Intco Recycling Resources Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Intco Recycling Resources 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
	=	(1333.676	+	2.262)	/	2238.73
	=	0.60

Shandong Intco Recycling Resources 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
	=	(1701.802	+	2.506)	/	2309.152
	=	0.74

Shandong Intco Recycling Resources Co (SHSE:688087) 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.

Shandong Intco Recycling Resources Co Debt-to-Equity Related Terms

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Shandong Intco Recycling Resources Co (SHSE:688087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Shandong Intco Recycling Resources Co Ltd (SHSE:688087) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qingtian Road, Qilu Chemical Industrial Park, Linzi District, Shandong Province, Zibo, CHN, 255414

Website

http://www.intco.com.cn

Shandong Intco Recycling Resources Co Ltd is an innovative plastic recycling and recycling company. It is mainly engaged in the recycling and utilization of renewable plastics.

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