SDIC Capital Co (SHSE:600061) Debt-to-Equity

: 2.24 (As of Dec. 2023)

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SDIC Capital Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥74,539 Mil. SDIC Capital Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥44,303 Mil. SDIC Capital Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥53,027 Mil. SDIC Capital Co's debt to equity for the quarter that ended in Dec. 2023 was 2.24.

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 SDIC Capital Co's Debt-to-Equity or its related term are showing as below:

SHSE:600061' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.23 Med: 1.96 Max: 2.91
Current: 2.24

During the past 13 years, the highest Debt-to-Equity Ratio of SDIC Capital Co was 2.91. The lowest was 1.23. And the median was 1.96.

SHSE:600061's Debt-to-Equity is ranked worse than
88.98% of 608 companies
in the Capital Markets industry
Industry Median: 0.37 vs SHSE:600061: 2.24

SDIC Capital Co Debt-to-Equity Historical Data

The historical data trend for SDIC Capital 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.

SDIC Capital Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.86

2.06

2.05

2.24

SDIC Capital 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																2.05	2.80	2.80	2.98	2.24

Competitive Comparison

For the Capital Markets subindustry, SDIC Capital 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.

SDIC Capital Co Debt-to-Equity Distribution

For the Capital Markets industry and Financial Services sector, SDIC Capital Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SDIC Capital Co's Debt-to-Equity falls into.

SDIC Capital Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SDIC Capital 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
	=	(74539.474	+	44302.568)	/	53026.859
	=	2.24

SDIC Capital 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
	=	(74539.474	+	44302.568)	/	53026.859
	=	2.24

SDIC Capital Co (SHSE:600061) 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.

SDIC Capital Co Debt-to-Equity Related Terms

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SDIC Capital Co (SHSE:600061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SDIC Capital Co Ltd (SHSE:600061) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuchengmen North Street, Guotou Financial Building, No. 2, Xicheng District, Beijing, CHN, 100034

Website

http://www.sdiccapital.com

SDIC Capital Co Ltd, formerly SDIC Essence (Holdings) Co Ltd is an investment company. It is engaged in securities trading business.

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