COSCO SHIPPING Ports (COSCO SHIPPING Ports) Debt-to-Equity : 0.72 (As of Dec. 2023)

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What is COSCO SHIPPING Ports Debt-to-Equity?

COSCO SHIPPING Ports's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,092.0 Mil. COSCO SHIPPING Ports's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,038.5 Mil. COSCO SHIPPING Ports's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,770.7 Mil. COSCO SHIPPING Ports's debt to equity for the quarter that ended in Dec. 2023 was 0.72.

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 COSCO SHIPPING Ports's Debt-to-Equity or its related term are showing as below:

CSPKF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.6 Max: 0.77
Current: 0.72

During the past 13 years, the highest Debt-to-Equity Ratio of COSCO SHIPPING Ports was 0.77. The lowest was 0.39. And the median was 0.60.

CSPKF's Debt-to-Equity is ranked worse than
58.71% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs CSPKF: 0.72

COSCO SHIPPING Ports Debt-to-Equity Historical Data

The historical data trend for COSCO SHIPPING Ports'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.

COSCO SHIPPING Ports Debt-to-Equity Chart

COSCO SHIPPING Ports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.77

0.72

0.70

0.69

0.72

COSCO SHIPPING Ports Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.69	0.71	0.69	0.72

Competitive Comparison of COSCO SHIPPING Ports's Debt-to-Equity

For the Marine Shipping subindustry, COSCO SHIPPING Ports'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.

COSCO SHIPPING Ports's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Ports's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Ports's Debt-to-Equity falls into.

COSCO SHIPPING Ports Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

COSCO SHIPPING Ports'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
	=	(1092.047	+	3038.481)	/	5770.731
	=	0.72

COSCO SHIPPING Ports's Debt to Equity Ratio for the quarter 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
	=	(1092.047	+	3038.481)	/	5770.731
	=	0.72

COSCO SHIPPING Ports (OTCPK:CSPKF) 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.

COSCO SHIPPING Ports Debt-to-Equity Related Terms

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COSCO SHIPPING Ports (COSCO SHIPPING Ports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Ports Ltd (OTCPK:CSPKF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

01199:Hong Kong CTH:Germany

Address

183 Queen's Road Central, 49th Floor, COSCO Tower, Hong Kong, HKG

Website

https://ports.coscoshipping.com

COSCO SHIPPING Ports Ltd is a leading port operator and investor in China. The company's segment includes Terminals and related businesses and Others. It generates maximum revenue from the Terminals and related businesses segment. Geographically presence in Mainland China (excluding Hong Kong), Europe and Others.