Qingdao Greensum Ecology Co (SZSE:300948) Debt-to-Equity : 0.45 (As of Mar. 2024)

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What is Qingdao Greensum Ecology Co Debt-to-Equity?

Qingdao Greensum Ecology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥46.2 Mil. Qingdao Greensum Ecology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥361.0 Mil. Qingdao Greensum Ecology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥898.1 Mil. Qingdao Greensum Ecology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.45.

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 Qingdao Greensum Ecology Co's Debt-to-Equity or its related term are showing as below:

SZSE:300948' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.55
Current: 0.45

During the past 10 years, the highest Debt-to-Equity Ratio of Qingdao Greensum Ecology Co was 0.55. The lowest was 0.01. And the median was 0.11.

SZSE:300948's Debt-to-Equity is ranked better than
62.44% of 221 companies
in the Waste Management industry
Industry Median: 0.73 vs SZSE:300948: 0.45

Qingdao Greensum Ecology Co Debt-to-Equity Historical Data

The historical data trend for Qingdao Greensum Ecology 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.

Qingdao Greensum Ecology Co Debt-to-Equity Chart

Qingdao Greensum Ecology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.06

0.01

0.11

0.51

Qingdao Greensum Ecology 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															0.10	0.10	0.55	0.51	0.45

Competitive Comparison of Qingdao Greensum Ecology Co's Debt-to-Equity

For the Waste Management subindustry, Qingdao Greensum Ecology 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.

Qingdao Greensum Ecology Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Qingdao Greensum Ecology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Qingdao Greensum Ecology Co's Debt-to-Equity falls into.

Qingdao Greensum Ecology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qingdao Greensum Ecology 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
	=	(100.816	+	356.462)	/	905.464
	=	0.51

Qingdao Greensum Ecology 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
	=	(46.16	+	360.975)	/	898.119
	=	0.45

Qingdao Greensum Ecology Co (SZSE:300948) 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.

Qingdao Greensum Ecology Co Debt-to-Equity Related Terms

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Qingdao Greensum Ecology Co (SZSE:300948) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Qingdao Greensum Ecology Co Ltd (SZSE:300948) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shashakou Street, North of Village Committee, Beilongkou Community, Laoshan District, Shandong Province, Qingdao, CHN, 266100

Website

http://www.greensum.com.cn

Qingdao Greensum Ecology Co Ltd specializes in ecological restoration work, including: vegetation restoration, soil restoration, water and soil conservation, sand prevention and control, and military camouflage for national defense. In addition to ecological restoration, it is also engaged in three-dimensional greening and urban environment construction.

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