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Sinopec Shanghai Petrochemical Co (Sinopec Shanghai Petrochemical Co) Debt-to-Equity : 0.21 (As of Mar. 2024)


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What is Sinopec Shanghai Petrochemical Co Debt-to-Equity?

Sinopec Shanghai Petrochemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $723 Mil. Sinopec Shanghai Petrochemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil. Sinopec Shanghai Petrochemical Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $3,454 Mil. Sinopec Shanghai Petrochemical Co's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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 Sinopec Shanghai Petrochemical Co's Debt-to-Equity or its related term are showing as below:

SHIIY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.06   Max: 0.35
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Sinopec Shanghai Petrochemical Co was 0.35. The lowest was 0.02. And the median was 0.06.

SHIIY's Debt-to-Equity is ranked better than
77.71% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs SHIIY: 0.15

Sinopec Shanghai Petrochemical Co Debt-to-Equity Historical Data

The historical data trend for Sinopec Shanghai Petrochemical 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.

Sinopec Shanghai Petrochemical Co Debt-to-Equity Chart

Sinopec Shanghai Petrochemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.05 0.08 0.09 0.15

Sinopec Shanghai Petrochemical 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.23 0.23 0.15 0.21

Competitive Comparison of Sinopec Shanghai Petrochemical Co's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Sinopec Shanghai Petrochemical 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.

Sinopec Shanghai Petrochemical Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sinopec Shanghai Petrochemical Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sinopec Shanghai Petrochemical Co's Debt-to-Equity falls into.


Sinopec Shanghai Petrochemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sinopec Shanghai Petrochemical 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
=(519.245 + 0.132) / 3476.783
=0.15

Sinopec Shanghai Petrochemical 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
=(723.457 + 0.158) / 3454.461
=0.21

* 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.

Sinopec Shanghai Petrochemical Co  (OTCPK:SHIIY) 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.

Sinopec Shanghai Petrochemical Co Debt-to-Equity Related Terms

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Sinopec Shanghai Petrochemical Co (Sinopec Shanghai Petrochemical Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Shanghai Petrochemical Co Ltd (OTCPK:SHIIY) » Definitions » Debt-to-Equity
Comparable Companies
SZSE:000096 SHSE:603906 SHSE:603003 SZSE:000407 SHSE:600387 SZSE:000159 SZSE:000554 SZSE:300839 SZSE:002778 NSE:RELIANCE MPC PSX VLO NSE:IOC OHEL:NESTE TPE:6505 XKAZ:KMGZ BOM:500547 TSE:5020 DINO
Traded in Other Exchanges
SPTJF:USA 00338:Hong Kong SGJH:Germany SGJH:Germany 600688:China
Address
No. 48 Jinyi Road, Jinshan District, Shanghai, CHN, 200540
Website
http://www.sinopec.com
Sinopec Shanghai Petrochemical Co Ltd is a Chinese petrochemical company. The company's operating segment includes Synthetic fibers; Resins and plastics; Intermediate petrochemicals; Petroleum products; Trading of petrochemical products and Others. It generates maximum revenue from the Petroleum products segment. The petroleum products segment is equipped with crude oil refinery facilities used to produce qualified refined gasoline, fuel, diesel oil, heavy oil and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities.