Sunac China Holdings (Sunac China Holdings) Debt-to-Equity : 4.46 (As of Dec. 2023)

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What is Sunac China Holdings Debt-to-Equity?

Sunac China Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25,397 Mil. Sunac China Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13,594 Mil. Sunac China Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8,743 Mil. Sunac China Holdings's debt to equity for the quarter that ended in Dec. 2023 was 4.46.

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 Sunac China Holdings's Debt-to-Equity or its related term are showing as below:

SNCNQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.1 Med: 3.72 Max: 5.12
Current: 4.46

During the past 13 years, the highest Debt-to-Equity Ratio of Sunac China Holdings was 5.12. The lowest was 2.10. And the median was 3.72.

SNCNQ's Debt-to-Equity is ranked worse than
95.9% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs SNCNQ: 4.46

Sunac China Holdings Debt-to-Equity Historical Data

The historical data trend for Sunac China Holdings'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.

Sunac China Holdings Debt-to-Equity Chart

Sunac China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.76

2.42

3.91

5.12

4.46

Sunac China Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															3.91	4.41	5.12	7.30	4.46

Competitive Comparison of Sunac China Holdings's Debt-to-Equity

For the Real Estate - Development subindustry, Sunac China Holdings'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.

Sunac China Holdings's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunac China Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sunac China Holdings's Debt-to-Equity falls into.

Sunac China Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunac China Holdings'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
	=	(25397.19	+	13594.041)	/	8743.301
	=	4.46

Sunac China Holdings'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
	=	(25397.19	+	13594.041)	/	8743.301
	=	4.46

Sunac China Holdings (GREY:SNCNQ) 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.

Sunac China Holdings Debt-to-Equity Related Terms

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Sunac China Holdings (Sunac China Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sunac China Holdings Ltd (GREY:SNCNQ) » Definitions » Debt-to-Equity

Traded in Other Exchanges

01918:Hong Kong SCNR:Germany

Address

No.278, Hongqi Road, Building 1, East Side in Hopsca Center International, Nankai District, Tianjin, CHN, 300381

Website

https://www.sunac.com.cn

Property developer Sunac China commenced operations in 2003 and listed on the Hong Kong exchange in 2010. Based in Tianjin, Sunac is geographically well diversified across China like many large-scale listed PRC developers, and into major cities including Shanghai, Beijing, Guangzhou, Shenzhen and Hainan. Sunac is founded by Sun Hongbin, major shareholder and chairman of the company that previously established Sunco Group and adopted a high leverage strategy, which Sunac also then embraced. On top of aggressive asset expansion in recent years, the significant acquisition of a stake in non-related business Leshi Internet, as well as the landmark portfolio acquisition of Dalian Wanda theme park assets on the back of a highly leveraged balance sheet, have also garnered much market attention.

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