Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Debt-to-Equity : 2.93 (As of Mar. 2024)

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What is Shenzhen New Nanshan Holding (Group) Co Debt-to-Equity?

Shenzhen New Nanshan Holding (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,863 Mil. Shenzhen New Nanshan Holding (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥22,792 Mil. Shenzhen New Nanshan Holding (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥10,134 Mil. Shenzhen New Nanshan Holding (Group) Co's debt to equity for the quarter that ended in Mar. 2024 was 2.93.

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 Shenzhen New Nanshan Holding (Group) Co's Debt-to-Equity or its related term are showing as below:

SZSE:002314' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 1.11 Max: 2.93
Current: 2.93

During the past 13 years, the highest Debt-to-Equity Ratio of Shenzhen New Nanshan Holding (Group) Co was 2.93. The lowest was 0.13. And the median was 1.11.

SZSE:002314's Debt-to-Equity is ranked worse than
90.61% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs SZSE:002314: 2.93

Shenzhen New Nanshan Holding (Group) Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen New Nanshan Holding (Group) 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.

Shenzhen New Nanshan Holding (Group) Co Debt-to-Equity Chart

Shenzhen New Nanshan Holding (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.47

2.01

2.47

2.42

2.81

Shenzhen New Nanshan Holding (Group) 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															2.74	2.85	2.87	2.81	2.93

Competitive Comparison of Shenzhen New Nanshan Holding (Group) Co's Debt-to-Equity

For the Real Estate - Diversified subindustry, Shenzhen New Nanshan Holding (Group) 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.

Shenzhen New Nanshan Holding (Group) Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen New Nanshan Holding (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen New Nanshan Holding (Group) Co's Debt-to-Equity falls into.

Shenzhen New Nanshan Holding (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen New Nanshan Holding (Group) 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
	=	(8919.645	+	19953.49)	/	10268.648
	=	2.81

Shenzhen New Nanshan Holding (Group) 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
	=	(6862.634	+	22791.657)	/	10134.289
	=	2.93

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) 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.

Shenzhen New Nanshan Holding (Group) Co Debt-to-Equity Related Terms

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Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen New Nanshan Holding (Group) Co Ltd (SZSE:002314) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, South 12th Road, JiuZhou Electric Appliance Building, Science and Technology Park, NanShan District, ShenZhen, CHN

Website

http://www.xnskg.cn

Shenzhen New Nanshan Holding (Group) Co Ltd is engaged in the integrated building business, the company is committed to the development and operation of new integrated buildings. It has seven series of products, such as modular space, packing boxes, movable board houses, special containers and elegant accessories.

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