Zhejiang Expressway Co (LSE:ZHEH) Debt-to-Equity : 2.07 (As of Dec. 2023)

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What is Zhejiang Expressway Co Debt-to-Equity?

Zhejiang Expressway Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £4,282.5 Mil. Zhejiang Expressway Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £4,841.9 Mil. Zhejiang Expressway Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £4,402.7 Mil. Zhejiang Expressway Co's debt to equity for the quarter that ended in Dec. 2023 was 2.07.

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 Zhejiang Expressway Co's Debt-to-Equity or its related term are showing as below:

LSE:ZHEH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 1.92 Max: 3.22
Current: 2.07

During the past 13 years, the highest Debt-to-Equity Ratio of Zhejiang Expressway Co was 3.22. The lowest was 0.71. And the median was 1.92.

LSE:ZHEH's Debt-to-Equity is ranked worse than
91.24% of 1507 companies
in the Construction industry
Industry Median: 0.43 vs LSE:ZHEH: 2.07

Zhejiang Expressway Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Expressway 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.

Zhejiang Expressway Co Debt-to-Equity Chart

Zhejiang Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.21

2.47

3.22

2.64

2.07

Zhejiang Expressway Co Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	2.64	2.28	-	2.07

Competitive Comparison of Zhejiang Expressway Co's Debt-to-Equity

For the Infrastructure Operations subindustry, Zhejiang Expressway 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.

Zhejiang Expressway Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Expressway Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zhejiang Expressway Co's Debt-to-Equity falls into.

Zhejiang Expressway Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Expressway 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
	=	(4282.479	+	4841.911)	/	4402.657
	=	2.07

Zhejiang Expressway Co'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
	=	(4282.479	+	4841.911)	/	4402.657
	=	2.07

Zhejiang Expressway Co (LSE:ZHEH) 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.

Zhejiang Expressway Co Debt-to-Equity Related Terms

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Zhejiang Expressway Co (LSE:ZHEH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Expressway Co Ltd (LSE:ZHEH) » Definitions » Debt-to-Equity

Traded in Other Exchanges

ZHEXF:USA 00576:Hong Kong ZHJ:Germany

Address

199 Wuxing Road, 5th Floor, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020

Website

https://www.zjec.com.cn

Zhejiang Expressway Co Ltd is a Chinese infrastructure company which, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll road business, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next most significant segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of revenue domestically.

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