Baoshan Iron & Steel Co (SHSE:600019) Debt-to-Equity

: 0.27 (As of Sep. 2023)

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Baoshan Iron & Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥15,361 Mil. Baoshan Iron & Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥38,783 Mil. Baoshan Iron & Steel Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥198,543 Mil. Baoshan Iron & Steel Co's debt to equity for the quarter that ended in Sep. 2023 was 0.27.

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 Baoshan Iron & Steel Co's Debt-to-Equity or its related term are showing as below:

SHSE:600019' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.35 Max: 0.63
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Baoshan Iron & Steel Co was 0.63. The lowest was 0.16. And the median was 0.35.

SHSE:600019's Debt-to-Equity is ranked better than
65.41% of 558 companies
in the Steel industry
Industry Median: 0.415 vs SHSE:600019: 0.27

Baoshan Iron & Steel Co Debt-to-Equity Historical Data

The historical data trend for Baoshan Iron & Steel 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.

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Baoshan Iron & Steel Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.30

0.16

0.23

0.27

0.25

Baoshan Iron & Steel Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity																0.25	0.25	0.25	0.27	0.27

Competitive Comparison

For the Steel subindustry, Baoshan Iron & Steel 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.

Baoshan Iron & Steel Co Debt-to-Equity Distribution

For the Steel industry and Basic Materials sector, Baoshan Iron & Steel Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Baoshan Iron & Steel Co's Debt-to-Equity falls into.

Baoshan Iron & Steel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Baoshan Iron & Steel Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(15408.934	+	32320.631)	/	194622.91
	=	0.25

Baoshan Iron & Steel Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(15361.181	+	38782.539)	/	198543.323
	=	0.27

Baoshan Iron & Steel Co (SHSE:600019) 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.

Baoshan Iron & Steel Co Debt-to-Equity Related Terms

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Baoshan Iron & Steel Co (SHSE:600019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Baoshan Iron & Steel Co Ltd (SHSE:600019) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 885 Fujin Road, Baosteel Command Center, Baoshan District, Shanghai, CHN, 201900

Website

http://www.baosteel.com

Baosteel is the listed entity of the largest steel group in China. Its steel businesses--which include steel manufacturing, processing, and distribution--account for roughly 95% of its revenue. The remainder consists of information technology, chemical, finance, and e-commerce activities. The firm focuses on flat steel and commands more than 50% of the domestic China cold-rolled automotive sheet market, roughly 80% of the China grain-oriented electrical steel market, and a third of the non-oriented electrical steel market.

Baoshan Iron & Steel Co (SHSE:600019) Headlines

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