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Shengshi Elevator International Holding Group (OTCPK:SSDT) Debt-to-Equity

: -1.02 (As of Sep. 2022)
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Shengshi Elevator International Holding Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.05 Mil. Shengshi Elevator International Holding Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. Shengshi Elevator International Holding Group's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $-0.05 Mil. Shengshi Elevator International Holding Group's debt to equity for the quarter that ended in Sep. 2022 was -1.02.

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 Shengshi Elevator International Holding Group's Debt-to-Equity or its related term are showing as below:

SSDT' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.5   Med: -0.09   Max: 3.33
Current: -1.02

During the past 5 years, the highest Debt-to-Equity Ratio of Shengshi Elevator International Holding Group was 3.33. The lowest was -2.50. And the median was -0.09.

SSDT's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.08 vs SSDT: -1.02

Shengshi Elevator International Holding Group (OTCPK:SSDT) Debt-to-Equity Historical Data

The historical data trend for Shengshi Elevator International Holding Group'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.

Shengshi Elevator International Holding Group Annual Data
Trend Jun17 Jun18 Jun19 Dec20 Dec21
Debt-to-Equity 0.16 1.25 -2.17 -0.09 -0.09

Shengshi Elevator International Holding Group Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.09 -0.09 -0.09 -0.09 -1.02

Shengshi Elevator International Holding Group (OTCPK:SSDT) Debt-to-Equity Competitive Comparison

For the Shell Companies subindustry, Shengshi Elevator International Holding Group'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.

   

Shengshi Elevator International Holding Group (OTCPK:SSDT) Debt-to-Equity Distribution

For the Diversified Financial Services industry and Financial Services sector, Shengshi Elevator International Holding Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shengshi Elevator International Holding Group's Debt-to-Equity falls into.



Shengshi Elevator International Holding Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shengshi Elevator International Holding Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Shengshi Elevator International Holding Group's Debt to Equity Ratio for the quarter that ended in Sep. 2022 is calculated as

* 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.


Shengshi Elevator International Holding Group  (OTCPK:SSDT) 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.


Shengshi Elevator International Holding Group Debt-to-Equity Related Terms

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


Shengshi Elevator International Holding Group (OTCPK:SSDT) Business Description

Shengshi Elevator International Holding Group logo
Traded in Other Exchanges
N/A
Address
1185 Avenue of the Americas, 3rd Floor, New York, NY, USA, 10036
Shengshi Elevator International Holding Group Inc is a shell company.

Shengshi Elevator International Holding Group (OTCPK:SSDT) Headlines

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