Bohai Leasing Co (SZSE:000415) Debt-to-Equity

: 6.56 (As of Dec. 2023)

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Bohai Leasing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥43,234 Mil. Bohai Leasing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥150,861 Mil. Bohai Leasing Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥29,602 Mil. Bohai Leasing Co's debt to equity for the quarter that ended in Dec. 2023 was 6.56.

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

SZSE:000415' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.33 Med: 5.91 Max: 7.49
Current: 6.56

During the past 13 years, the highest Debt-to-Equity Ratio of Bohai Leasing Co was 7.49. The lowest was 3.33. And the median was 5.91.

SZSE:000415's Debt-to-Equity is ranked worse than
97.2% of 930 companies
in the Business Services industry
Industry Median: 0.4 vs SZSE:000415: 6.56

Bohai Leasing Co Debt-to-Equity Historical Data

The historical data trend for Bohai Leasing 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.

Bohai Leasing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

4.99

6.92

7.44

7.22

6.56

Bohai Leasing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																7.22	7.04	6.54	6.46	6.56

Competitive Comparison

For the Rental & Leasing Services subindustry, Bohai Leasing 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.

Bohai Leasing Co Debt-to-Equity Distribution

For the Business Services industry and Industrials sector, Bohai Leasing Co's Debt-to-Equity distribution charts can be found below:

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

Bohai Leasing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bohai Leasing Co'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
	=	(43233.753	+	150860.649)	/	29602.168
	=	6.56

Bohai Leasing Co'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
	=	(43233.753	+	150860.649)	/	29602.168
	=	6.56

Bohai Leasing Co (SZSE:000415) 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.

Bohai Leasing Co Debt-to-Equity Related Terms

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Bohai Leasing Co (SZSE:000415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bohai Leasing Co Ltd (SZSE:000415) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 93, Huanghe Road, Shayibake District, Xinjiang Uygur Autonomous Region, Urumqi, CHN, 830000

Website

http://www.bohaileasing.com

Bohai Leasing Co Ltd is engaged in the container leasing, infrastructure and real estate leasing, aircraft leasing, ship leasing, offshore equipment, high-end equipment rental, and new energy vehicles in China. It owns domestic and overseas leasing companies. It is involved in transportation finance services, innovating financial products and services, and promoting the development of transportation, aviation, shipping, and ground transportation industries.

Bohai Leasing Co (SZSE:000415) Headlines

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