Henan Zhongyuan Expressway Co (SHSE:600020) Debt-to-Equity : 2.06 (As of Dec. 2023)

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What is Henan Zhongyuan Expressway Co Debt-to-Equity?

Henan Zhongyuan Expressway Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥4,861 Mil. Henan Zhongyuan Expressway Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥25,518 Mil. Henan Zhongyuan Expressway Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥14,764 Mil. Henan Zhongyuan Expressway Co's debt to equity for the quarter that ended in Dec. 2023 was 2.06.

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 Henan Zhongyuan Expressway Co's Debt-to-Equity or its related term are showing as below:

SHSE:600020' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.01 Med: 2.51 Max: 3.35
Current: 2.06

During the past 13 years, the highest Debt-to-Equity Ratio of Henan Zhongyuan Expressway Co was 3.35. The lowest was 2.01. And the median was 2.51.

SHSE:600020's Debt-to-Equity is ranked worse than
91.17% of 1506 companies
in the Construction industry
Industry Median: 0.435 vs SHSE:600020: 2.06

Henan Zhongyuan Expressway Co Debt-to-Equity Historical Data

The historical data trend for Henan Zhongyuan Expressway 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.

Henan Zhongyuan Expressway Co Debt-to-Equity Chart

Henan Zhongyuan Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.52

2.69

2.50

2.62

2.06

Henan Zhongyuan Expressway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.62	2.30	2.28	2.12	2.06

Competitive Comparison of Henan Zhongyuan Expressway Co's Debt-to-Equity

For the Infrastructure Operations subindustry, Henan Zhongyuan Expressway 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.

Henan Zhongyuan Expressway Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Henan Zhongyuan Expressway Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Henan Zhongyuan Expressway Co's Debt-to-Equity falls into.

Henan Zhongyuan Expressway Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Henan Zhongyuan Expressway 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
	=	(4860.711	+	25517.639)	/	14763.662
	=	2.06

Henan Zhongyuan Expressway Co'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
	=	(4860.711	+	25517.639)	/	14763.662
	=	2.06

Henan Zhongyuan Expressway Co (SHSE:600020) 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.

Henan Zhongyuan Expressway Co Debt-to-Equity Related Terms

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Henan Zhongyuan Expressway Co (SHSE:600020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Henan Zhongyuan Expressway Co Ltd (SHSE:600020) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 93 Zhongyuan Road, Zhengzhou, Henan, CHN, 450052

Website

http://www.zygs.com

Henan Zhongyuan Expressway Co Ltd engages in investment, operation, management, and maintenance of high-grade highways, independent bridges, and other transportation infrastructure projects. It operates Zhengxi, Zhumadian, Zhengzhou, Pingdingshan, Zhengxin yellow river bridge, Zhengkai, Shangqiu, and Jixian County projects. The company also engages in the highway construction, management, investment, and financing systems.

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