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Tianjin Teda Co (SZSE:000652) Debt-to-Equity

: 2.89 (As of Sep. 2023)
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Tianjin Teda Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥10,493 Mil. Tianjin Teda Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥5,761 Mil. Tianjin Teda Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥5,623 Mil. Tianjin Teda Co's debt to equity for the quarter that ended in Sep. 2023 was 2.89.

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

SZSE:000652' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.6   Med: 4.42   Max: 5.8
Current: 2.89

During the past 13 years, the highest Debt-to-Equity Ratio of Tianjin Teda Co was 5.80. The lowest was 2.60. And the median was 4.42.

SZSE:000652's Debt-to-Equity is ranked worse than
91.97% of 473 companies
in the Conglomerates industry
Industry Median: 0.55 vs SZSE:000652: 2.89

Tianjin Teda Co Debt-to-Equity Historical Data

The historical data trend for Tianjin Teda 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.

Tianjin Teda Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.06 2.66 2.74 2.71 2.77

Tianjin Teda 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 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 2.82 2.77 2.83 2.86 2.89

Competitive Comparison

For the Conglomerates subindustry, Tianjin Teda 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.


Tianjin Teda Co Debt-to-Equity Distribution

For the Conglomerates industry and Industrials sector, Tianjin Teda Co's Debt-to-Equity distribution charts can be found below:

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



Tianjin Teda Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianjin Teda Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Tianjin Teda Co's Debt to Equity Ratio for the quarter that ended in Sep. 2023 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.


Tianjin Teda Co  (SZSE:000652) 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.


Tianjin Teda Co Debt-to-Equity Related Terms

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Tianjin Teda Co (SZSE:000652) Business Description

Traded in Other Exchanges
N/A
Address
No. 62, Second Avenue, Binhai New Area, 16th Floor, MSD-B1, TEDA, Tianjin, CHN
Tianjin Teda Co Ltd is a China-based company engaged in the business of different sectors such as eco-friendly sector, regional development sector, energy trading sector, clean material sector and equity investment sector. In the eco-friendly sector, the company is involved in the provision of waste management services such as burial repair and utilization, domestic garbage collection and transportation, carry out services such as harmless treatment of domestic garbage, waste incineration power generation and others. In the energy trading sector, the company is involved in the wholesale of refined oil products, petrochemical products production and processing, warehousing trade business.

Tianjin Teda Co (SZSE:000652) Headlines

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