Shenzhou International Group Holdings (Shenzhou International Group Holdings) Debt-to-Equity : 0.37 (As of Dec. 2023)

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What is Shenzhou International Group Holdings Debt-to-Equity?

Shenzhou International Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,436 Mil. Shenzhou International Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $282 Mil. Shenzhou International Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,603 Mil. Shenzhou International Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.37.

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 Shenzhou International Group Holdings's Debt-to-Equity or its related term are showing as below:

SHZHY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.27 Max: 0.39
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Shenzhou International Group Holdings was 0.39. The lowest was 0.11. And the median was 0.27.

SHZHY's Debt-to-Equity is ranked better than
55.85% of 931 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs SHZHY: 0.37

Shenzhou International Group Holdings Debt-to-Equity Historical Data

The historical data trend for Shenzhou International Group Holdings'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.

Shenzhou International Group Holdings Debt-to-Equity Chart

Shenzhou International Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.25

0.39

0.30

0.37

Shenzhou International Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.39	0.34	0.30	0.34	0.37

Competitive Comparison of Shenzhou International Group Holdings's Debt-to-Equity

For the Textile Manufacturing subindustry, Shenzhou International Group Holdings'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.

Shenzhou International Group Holdings's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shenzhou International Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhou International Group Holdings's Debt-to-Equity falls into.

Shenzhou International Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhou International Group Holdings'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
	=	(1435.718	+	281.611)	/	4603.137
	=	0.37

Shenzhou International Group Holdings'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
	=	(1435.718	+	281.611)	/	4603.137
	=	0.37

Shenzhou International Group Holdings (OTCPK:SHZHY) 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.

Shenzhou International Group Holdings Debt-to-Equity Related Terms

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

Shenzhou International Group Holdings (Shenzhou International Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhou International Group Holdings Ltd (OTCPK:SHZHY) » Definitions » Debt-to-Equity

Traded in Other Exchanges

SZHIF:USA 02313:Hong Kong S6L:Germany

Address

18 Yongjiang Road, Ningbo Economic and Technical Development Zone, Zhejiang Province, Ningbo, CHN

Website

http://www.shenzhouintl.com

Shenzhou is the largest vertically integrated knitwear manufacturer in the world. The group mainly produces sportswear (74% of 2021 revenue), casual wear (20% of 2021 revenue), and lingerie (4% of 2021 revenue) for international clients such as Nike, Adidas, Puma, and Uniqlo. Mainland China is the company's largest market, accounting for 32% of sales in 2021. This is followed by Europe, the U.S. and Japan. Shenzhou currently operates manufacturing plants in China, Cambodia, and Vietnam.

Shenzhou International Group Holdings (Shenzhou International Group Holdings) Headlines

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