Shanghai Phoenix Enterprise (Group) Co (SHSE:600679) Debt-to-Equity : 0.17 (As of Sep. 2023)

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What is Shanghai Phoenix Enterprise (Group) Co Debt-to-Equity?

Shanghai Phoenix Enterprise (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥328 Mil. Shanghai Phoenix Enterprise (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥42 Mil. Shanghai Phoenix Enterprise (Group) Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥2,148 Mil. Shanghai Phoenix Enterprise (Group) Co's debt to equity for the quarter that ended in Sep. 2023 was 0.17.

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 Shanghai Phoenix Enterprise (Group) Co's Debt-to-Equity or its related term are showing as below:

SHSE:600679' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.34
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Phoenix Enterprise (Group) Co was 0.34. The lowest was 0.02. And the median was 0.09.

SHSE:600679's Debt-to-Equity is ranked better than
75.11% of 691 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs SHSE:600679: 0.17

Shanghai Phoenix Enterprise (Group) Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Phoenix Enterprise (Group) 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.

Shanghai Phoenix Enterprise (Group) Co Debt-to-Equity Chart

Shanghai Phoenix Enterprise (Group) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.04

0.03

0.07

0.10

0.07

Shanghai Phoenix Enterprise (Group) 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	Get a 7-Day Free Trial															0.06	0.07	0.08	0.15	0.17

Competitive Comparison of Shanghai Phoenix Enterprise (Group) Co's Debt-to-Equity

For the Leisure subindustry, Shanghai Phoenix Enterprise (Group) 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.

Shanghai Phoenix Enterprise (Group) Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shanghai Phoenix Enterprise (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Phoenix Enterprise (Group) Co's Debt-to-Equity falls into.

Shanghai Phoenix Enterprise (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Phoenix Enterprise (Group) 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
	=	(95.622	+	43.634)	/	2111.868
	=	0.07

Shanghai Phoenix Enterprise (Group) 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
	=	(327.772	+	42.436)	/	2148.249
	=	0.17

Shanghai Phoenix Enterprise (Group) Co (SHSE:600679) 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.

Shanghai Phoenix Enterprise (Group) Co Debt-to-Equity Related Terms

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Shanghai Phoenix Enterprise (Group) Co (SHSE:600679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Phoenix Enterprise (Group) Co Ltd (SHSE:600679) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

900916:China

Address

Fuquan North Road, Block 6, No. 518, Changning District, Shanghai, CHN

Website

http://www.phoenix.com.cn

Shanghai Phoenix Enterprise (Group) Co Ltd designs, develops, manufactures, and sells bicycles under the Phoenix brand name in China. Its production and sales of Phoenix brand bicycle products not only exported to Europe and the United States and other international markets. It is a well-known and best-selling product in China.

Shanghai Phoenix Enterprise (Group) Co (SHSE:600679) Headlines

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