Shanghai Tongji Science & Technology Industrial Co (SHSE:600846) Debt-to-Equity

: 0.40 (As of Sep. 2023)

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Shanghai Tongji Science & Technology Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥1,490 Mil. Shanghai Tongji Science & Technology Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥38 Mil. Shanghai Tongji Science & Technology Industrial Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥3,836 Mil. Shanghai Tongji Science & Technology Industrial Co's debt to equity for the quarter that ended in Sep. 2023 was 0.40.

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 Tongji Science & Technology Industrial Co's Debt-to-Equity or its related term are showing as below:

SHSE:600846' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.85 Max: 1.56
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Tongji Science & Technology Industrial Co was 1.56. The lowest was 0.32. And the median was 0.85.

SHSE:600846's Debt-to-Equity is ranked better than
52.76% of 1503 companies
in the Construction industry
Industry Median: 0.43 vs SHSE:600846: 0.40

Shanghai Tongji Science & Technology Industrial Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Tongji Science & Technology Industrial 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 Tongji Science & Technology Industrial Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

1.02

0.82

0.41

0.45

0.32

Shanghai Tongji Science & Technology Industrial 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																0.34	0.32	0.37	0.38	0.40

Competitive Comparison

For the Engineering & Construction subindustry, Shanghai Tongji Science & Technology Industrial 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 Tongji Science & Technology Industrial Co Debt-to-Equity Distribution

For the Construction industry and Industrials sector, Shanghai Tongji Science & Technology Industrial Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Tongji Science & Technology Industrial Co's Debt-to-Equity falls into.

Shanghai Tongji Science & Technology Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Tongji Science & Technology Industrial 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
	=	(1105.132	+	40.319)	/	3553.144
	=	0.32

Shanghai Tongji Science & Technology Industrial 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
	=	(1490.374	+	38.3)	/	3836.426
	=	0.40

Shanghai Tongji Science & Technology Industrial Co (SHSE:600846) 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 Tongji Science & Technology Industrial Co Debt-to-Equity Related Terms

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Shanghai Tongji Science & Technology Industrial Co (SHSE:600846) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Tongji Science & Technology Industrial Co Ltd (SHSE:600846) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1398 Siping Road, 20th Floor, Block B, Tongji Union Plaza, Shanghai, Shanghai, CHN, 200092

Website

http://www.tjkjsy.com.cn

Shanghai Tongji Science & Technology Industrial Co Ltd is a China-based company engaged in development of engineering consulting services, environmental engineering technology services and investment construction, science park construction and operation, construction engineering management, real estate development and other business areas with Tongji brand advantages.

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