Bank Of Ningbo Co (SZSE:002142) Debt-to-Equity : 2.58 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Bank Of Ningbo Co Debt-to-Equity?

Bank Of Ningbo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Bank Of Ningbo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥542,826 Mil. Bank Of Ningbo Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥210,175 Mil. Bank Of Ningbo Co's debt to equity for the quarter that ended in Mar. 2024 was 2.58.

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 Bank Of Ningbo Co's Debt-to-Equity or its related term are showing as below:

SZSE:002142' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.15 Med: 2.84 Max: 4.66
Current: 2.58

During the past 13 years, the highest Debt-to-Equity Ratio of Bank Of Ningbo Co was 4.66. The lowest was 1.15. And the median was 2.84.

SZSE:002142's Debt-to-Equity is ranked worse than
89.72% of 1391 companies
in the Banks industry
Industry Median: 0.67 vs SZSE:002142: 2.58

Bank Of Ningbo Co Debt-to-Equity Historical Data

The historical data trend for Bank Of Ningbo 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.

Bank Of Ningbo Co Debt-to-Equity Chart

Bank Of Ningbo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.48

2.16

3.13

3.27

2.77

Bank Of Ningbo 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															2.80	2.96	2.63	2.77	2.58

Competitive Comparison of Bank Of Ningbo Co's Debt-to-Equity

For the Banks - Regional subindustry, Bank Of Ningbo 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.

Bank Of Ningbo Co's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank Of Ningbo Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bank Of Ningbo Co's Debt-to-Equity falls into.

Bank Of Ningbo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bank Of Ningbo 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
	=	(0	+	557016)	/	201195
	=	2.77

Bank Of Ningbo 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
	=	(0	+	542826)	/	210175
	=	2.58

Bank Of Ningbo Co (SZSE:002142) 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.

Bank Of Ningbo Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Bank Of Ningbo Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Bank Of Ningbo Co (SZSE:002142) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Of Ningbo Co Ltd (SZSE:002142) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 345, Ningdong Road, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100

Website

http://www.nbcb.com.cn

Bank of Ningbo is the fifth largest city commercial bank in China by total assets. Established in 1997 and listed on the Shenzhen Exchange in 2007, the bank is headquartered in Ningbo, a vice provincial city in Zhejiang province. It has a differentiated positioning in SME and nonmortgage retail loan business. The bank has established 16 branches in Zhejiang Province, Jiangsu Province, Shanghai, Beijing, and Guangdong Province. These regions contributed about 29%, 23%, 5%, 4%, and 4%, respectively, to revenue in 2022. It has a diversified shareholding structure, with SASAC of Ningbo Municipal Government, Singapore's OCBC Bank, and Youngor Group holding 19%, 18%, and 8% of the shares, respectively, as of end-March 2023.

Bank Of Ningbo Co (SZSE:002142) Headlines

No Headlines