WPG (Shanghai) Smart Water PCL (SHSE:603956) Debt-to-Equity : 0.36 (As of Mar. 2024)

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What is WPG (Shanghai) Smart Water PCL Debt-to-Equity?

WPG (Shanghai) Smart Water PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥270 Mil. WPG (Shanghai) Smart Water PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥422 Mil. WPG (Shanghai) Smart Water PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,936 Mil. WPG (Shanghai) Smart Water PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.36.

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 WPG (Shanghai) Smart Water PCL's Debt-to-Equity or its related term are showing as below:

SHSE:603956' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.24 Max: 0.48
Current: 0.36

During the past 10 years, the highest Debt-to-Equity Ratio of WPG (Shanghai) Smart Water PCL was 0.48. The lowest was 0.00. And the median was 0.24.

SHSE:603956's Debt-to-Equity is ranked worse than
55.91% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:603956: 0.36

WPG (Shanghai) Smart Water PCL Debt-to-Equity Historical Data

The historical data trend for WPG (Shanghai) Smart Water PCL'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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WPG (Shanghai) Smart Water PCL Debt-to-Equity Chart

WPG (Shanghai) Smart Water PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

0.32

0.26

0.23

WPG (Shanghai) Smart Water PCL 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															0.24	0.25	0.25	0.23	0.36

Competitive Comparison of WPG (Shanghai) Smart Water PCL's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, WPG (Shanghai) Smart Water PCL'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.

WPG (Shanghai) Smart Water PCL's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, WPG (Shanghai) Smart Water PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where WPG (Shanghai) Smart Water PCL's Debt-to-Equity falls into.

WPG (Shanghai) Smart Water PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WPG (Shanghai) Smart Water PCL'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
	=	(77.166	+	385.962)	/	2029.071
	=	0.23

WPG (Shanghai) Smart Water PCL'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
	=	(269.683	+	421.534)	/	1936.027
	=	0.36

WPG (Shanghai) Smart Water PCL (SHSE:603956) 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.

WPG (Shanghai) Smart Water PCL Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of WPG (Shanghai) Smart Water PCL's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

WPG (Shanghai) Smart Water PCL (SHSE:603956) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » WPG (Shanghai) Smart Water PCL (SHSE:603956) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 1 Hengyong Road, Jiading District, Shanghai, CHN, 201806

Website

https://www.shwpg.com

WPG (Shanghai) Smart Water PCL is a smart water solutions provider, is a professional technology service company dedicated to solving various problems arising in water supply for customers. Its core business includes the development, production, sales and service of secondary water supply Zhilian equipment with the concept of industrial Internet, the deployment, commissioning and maintenance of the intelligent water supply management platform system, providing safe, energy-saving and efficient operation for secondary water supply.

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