Shanghai Zhenhua Heavy Industries Co (SHSE:900947) Debt-to-Equity : 1.76 (As of Mar. 2024)

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What is Shanghai Zhenhua Heavy Industries Co Debt-to-Equity?

Shanghai Zhenhua Heavy Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,426 Mil. Shanghai Zhenhua Heavy Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,474 Mil. Shanghai Zhenhua Heavy Industries Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2,212 Mil. Shanghai Zhenhua Heavy Industries Co's debt to equity for the quarter that ended in Mar. 2024 was 1.76.

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 Shanghai Zhenhua Heavy Industries Co's Debt-to-Equity or its related term are showing as below:

SHSE:900947' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.72 Med: 2.23 Max: 2.91
Current: 1.76

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Zhenhua Heavy Industries Co was 2.91. The lowest was 1.72. And the median was 2.23.

SHSE:900947's Debt-to-Equity is ranked worse than
95.06% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:900947: 1.76

Shanghai Zhenhua Heavy Industries Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Zhenhua Heavy Industries 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.

Shanghai Zhenhua Heavy Industries Co Debt-to-Equity Chart

Shanghai Zhenhua Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.69

2.47

2.23

1.96

1.81

Shanghai Zhenhua Heavy Industries 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															2.14	2.07	2.01	1.81	1.76

Competitive Comparison of Shanghai Zhenhua Heavy Industries Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Shanghai Zhenhua Heavy Industries 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.

Shanghai Zhenhua Heavy Industries Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Zhenhua Heavy Industries Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Zhenhua Heavy Industries Co's Debt-to-Equity falls into.

Shanghai Zhenhua Heavy Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Zhenhua Heavy Industries 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
	=	(1881.228	+	2119.937)	/	2206.738
	=	1.81

Shanghai Zhenhua Heavy Industries 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
	=	(1425.993	+	2473.88)	/	2211.664
	=	1.76

Shanghai Zhenhua Heavy Industries Co (SHSE:900947) 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.

Shanghai Zhenhua Heavy Industries Co Debt-to-Equity Related Terms

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Shanghai Zhenhua Heavy Industries Co (SHSE:900947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Zhenhua Heavy Industries Co Ltd (SHSE:900947) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

600320:China

Address

No.3470, Pudong South Road, Shanghai, CHN, 200125

Website

http://www.zpmc.com

Shanghai Zhenhua Heavy Industries Co Ltd manufactures heavy equipment and offers product design and aftermarket services. It constructs large port loading systems and equipment, offshore heavy equipment, engineering machinery, ships, and other large structures. In addition, the company offers environment-friendly devices, including wind power, sea water desalination, sewage treatment, and recycling equipment. Research centers and technologies help meet customers' needs, and provide innovative solutions to enhance operational performance. Offices with regional parts are scattered across the globe to supply timely responses and support preventive maintenance. The majority of total revenue comes from Asia, but the company has diversified operations to several continents.

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