Jiangsu Zhongnan Construction Group Co (SZSE:000961) Debt-to-Equity

: 4.76 (As of Dec. 2023)

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Jiangsu Zhongnan Construction Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥22,851 Mil. Jiangsu Zhongnan Construction Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥21,076 Mil. Jiangsu Zhongnan Construction Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥9,227 Mil. Jiangsu Zhongnan Construction Group Co's debt to equity for the quarter that ended in Dec. 2023 was 4.76.

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 Jiangsu Zhongnan Construction Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:000961' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.16 Med: 3.16 Max: 3.98
Current: 3.62

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangsu Zhongnan Construction Group Co was 3.98. The lowest was 2.16. And the median was 3.16.

SZSE:000961's Debt-to-Equity is ranked worse than
93.63% of 1585 companies
in the Real Estate industry
Industry Median: 0.76 vs SZSE:000961: 3.62

Jiangsu Zhongnan Construction Group Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Zhongnan Construction Group 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.

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Jiangsu Zhongnan Construction Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.23

2.86

2.74

3.33

4.76

Jiangsu Zhongnan Construction Group 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	Get a 7-Day Free Trial															3.33	3.44	3.55	3.62	4.76

Competitive Comparison

For the Real Estate - Development subindustry, Jiangsu Zhongnan Construction Group 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.

Jiangsu Zhongnan Construction Group Co Debt-to-Equity Distribution

For the Real Estate industry and Real Estate sector, Jiangsu Zhongnan Construction Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Zhongnan Construction Group Co's Debt-to-Equity falls into.

Jiangsu Zhongnan Construction Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Zhongnan Construction Group 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
	=	(22851.273	+	21076.371)	/	9226.698
	=	4.76

Jiangsu Zhongnan Construction Group 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
	=	(22851.273	+	21076.371)	/	9226.698
	=	4.76

Jiangsu Zhongnan Construction Group Co (SZSE:000961) 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.

Jiangsu Zhongnan Construction Group Co Debt-to-Equity Related Terms

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Jiangsu Zhongnan Construction Group Co (SZSE:000961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jiangsu Zhongnan Construction Group Co Ltd (SZSE:000961) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

899 Shanghai Road, Zhongnan Building, Changle Town, Jiangsu Province, Haimen, CHN, 226100

Website

http://www.zhongnangroup.cn

Jiangsu Zhongnan Construction Group Co Ltd is engaged in contract construction and real estate development in China. The company is also involved in property management operations. Its activities comprise of real estate development, general contracting, sponge city construction, underground pipe building, municipal engineering, rail transportation, installation, decoration, and steel structures.

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