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Emei Shan Tourism Co (SZSE:000888) Debt-to-Equity : 0.20 (As of Mar. 2024)


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What is Emei Shan Tourism Co Debt-to-Equity?

Emei Shan Tourism Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4 Mil. Emei Shan Tourism Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥514 Mil. Emei Shan Tourism Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,565 Mil. Emei Shan Tourism Co's debt to equity for the quarter that ended in Mar. 2024 was 0.20.

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 Emei Shan Tourism Co's Debt-to-Equity or its related term are showing as below:

SZSE:000888' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 0.13   Max: 0.3
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Emei Shan Tourism Co was 0.30. The lowest was 0.08. And the median was 0.13.

SZSE:000888's Debt-to-Equity is ranked better than
71.68% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.455 vs SZSE:000888: 0.20

Emei Shan Tourism Co Debt-to-Equity Historical Data

The historical data trend for Emei Shan Tourism 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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Emei Shan Tourism Co Debt-to-Equity Chart

Emei Shan Tourism Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.24 0.25 0.22 0.21

Emei Shan Tourism 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.22 0.21 0.21 0.20

Competitive Comparison of Emei Shan Tourism Co's Debt-to-Equity

For the Travel Services subindustry, Emei Shan Tourism 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.


Emei Shan Tourism Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Emei Shan Tourism Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Emei Shan Tourism Co's Debt-to-Equity falls into.



Emei Shan Tourism Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Emei Shan Tourism Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Emei Shan Tourism Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Emei Shan Tourism Co  (SZSE:000888) 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.


Emei Shan Tourism Co Debt-to-Equity Related Terms

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Emei Shan Tourism Co (SZSE:000888) Business Description

Traded in Other Exchanges
N/A
Address
No. 41 Mingshan South Road, Sichuan Province, Emeishan, CHN, 614200
Emei Shan Tourism Co Ltd operates as a tourism company. It is principally engaged in the operation of Emei Mountain tourism, cable transport, hotels, catering business as well as the provision of other tourism-related services in China.
Executives
Fan Li Li Executives
Zhou Dong Liang Director
Ma Yuan Zhu Director
Jiang Yue Supervisors

Emei Shan Tourism Co (SZSE:000888) Headlines

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