Sinolink Securities Co (SHSE:600109) Debt-to-Equity : 0.96 (As of Mar. 2024)

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What is Sinolink Securities Co Debt-to-Equity?

Sinolink Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Sinolink Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥31,548 Mil. Sinolink Securities Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥32,896 Mil. Sinolink Securities Co's debt to equity for the quarter that ended in Mar. 2024 was 0.96.

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

SHSE:600109' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.42 Max: 1.02
Current: 0.96

During the past 13 years, the highest Debt-to-Equity Ratio of Sinolink Securities Co was 1.02. The lowest was 0.01. And the median was 0.42.

SHSE:600109's Debt-to-Equity is ranked worse than
86.44% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs SHSE:600109: 0.96

Sinolink Securities Co Debt-to-Equity Historical Data

The historical data trend for Sinolink Securities 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.

Sinolink Securities Co Debt-to-Equity Chart

Sinolink Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.38

0.73

1.01

0.66

1.02

Sinolink Securities 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															0.82	0.89	0.89	1.02	0.96

Competitive Comparison of Sinolink Securities Co's Debt-to-Equity

For the Asset Management subindustry, Sinolink Securities 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.

Sinolink Securities Co's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sinolink Securities Co's Debt-to-Equity distribution charts can be found below:

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

Sinolink Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sinolink Securities 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	+	33187.925)	/	32566.113
	=	1.02

Sinolink Securities 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	+	31547.59)	/	32895.803
	=	0.96

Sinolink Securities Co (SHSE:600109) 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.

Sinolink Securities Co Debt-to-Equity Related Terms

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

Sinolink Securities Co (SHSE:600109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sinolink Securities Co Ltd (SHSE:600109) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.59, Shangcheng Street, Sichuan Province, Dongcheng, Qingyang District, Chengdu, CHN, 610015

Website

http://www.gjzq.com.cn

Sinolink Securities Co Ltd is engaged in investment banking, researching, consulting, and brokerage services in China. The company provides investment banking services, including private equity financing and initial public offering services; and fixed income services, such as bond trading, investment research, and structured financing services. It also offers asset management services; investment advisory services.

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