Spring Airlines Co (SHSE:601021) Debt-to-Equity

: 1.44 (As of Sep. 2023)

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Spring Airlines Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥10,286 Mil. Spring Airlines Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥13,051 Mil. Spring Airlines Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥16,241 Mil. Spring Airlines Co's debt to equity for the quarter that ended in Sep. 2023 was 1.44.

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

SHSE:601021' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.16 Max: 2.09
Current: 1.44

During the past 12 years, the highest Debt-to-Equity Ratio of Spring Airlines Co was 2.09. The lowest was 0.65. And the median was 1.16.

SHSE:601021's Debt-to-Equity is ranked worse than
79.55% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs SHSE:601021: 1.44

Spring Airlines Co Debt-to-Equity Historical Data

The historical data trend for Spring Airlines 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.

Spring Airlines Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.70

0.65

1.43

1.46

1.83

Spring Airlines 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																2.09	1.83	1.68	1.62	1.44

Competitive Comparison

For the Airlines subindustry, Spring Airlines 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.

Spring Airlines Co Debt-to-Equity Distribution

For the Transportation industry and Industrials sector, Spring Airlines Co's Debt-to-Equity distribution charts can be found below:

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

Spring Airlines Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spring Airlines 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
	=	(11023.211	+	13994.851)	/	13692.891
	=	1.83

Spring Airlines 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
	=	(10286.044	+	13050.588)	/	16241.171
	=	1.44

Spring Airlines Co (SHSE:601021) 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.

Spring Airlines Co Debt-to-Equity Related Terms

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Spring Airlines Co (SHSE:601021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Spring Airlines Co Ltd (SHSE:601021) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shanghai Changning District No. 528, Shanghai, CHN, 200335

Website

http://www.ch.com

Spring Airlines Co Ltd operates as a low-cost airline in China engages in the provision of local and international aviation services. It operates a fleet of Airbus A320 aircraft. It offers domestic routes such as Guangzhou, Zhuhai, Kunming, Xiamen, Shenyang, Harbin, Urumqi, Haikou, Guilin, Wenzhou and Qingdao. The company also offers international routes within Asia. It also provides insurance service which includes Standard Accident Insurance, Overseas Travel Insurance and Flight Delay and Cancellation Insurance.

Spring Airlines Co (SHSE:601021) Headlines

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