GEM Co (SZSE:002340) Debt-to-Equity

: 0.97 (As of Sep. 2023)

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GEM Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥9,723 Mil. GEM Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥8,484 Mil. GEM Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥18,705 Mil. GEM Co's debt to equity for the quarter that ended in Sep. 2023 was 0.97.

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

SZSE:002340' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.73 Med: 1.11 Max: 1.91
Current: 0.97

During the past 13 years, the highest Debt-to-Equity Ratio of GEM Co was 1.91. The lowest was 0.73. And the median was 1.11.

SZSE:002340's Debt-to-Equity is ranked worse than
68.16% of 223 companies
in the Waste Management industry
Industry Median: 0.65 vs SZSE:002340: 0.97

GEM Co Debt-to-Equity Historical Data

The historical data trend for GEM 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.

GEM Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

1.13

0.95

0.73

0.76

0.82

GEM 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																0.82	0.82	0.88	0.88	0.97

Competitive Comparison

For the Waste Management subindustry, GEM 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.

GEM Co Debt-to-Equity Distribution

For the Waste Management industry and Industrials sector, GEM Co's Debt-to-Equity distribution charts can be found below:

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

GEM Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GEM Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(7633.871	+	7516.394)	/	18483.862
	=	0.82

GEM Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(9723.027	+	8484.044)	/	18705.25
	=	0.97

GEM Co (SZSE:002340) 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.

GEM Co Debt-to-Equity Related Terms

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GEM Co (SZSE:002340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » GEM Co Ltd (SZSE:002340) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

South of Xinghua Road, 20F Block A,Marina Bay Center, Bao’an Center Area, Shenzhen, CHN, 518101

Website

http://www.gemchina.com

GEM Co Ltd operates in the recycling industry in China and internationally. The company offers remanufactured battery raw materials, such as nickel, cobalt, manganese, copper, aluminum, iron, and lithium from waste batteries; cathode copper plate; and gold and silver ingots, palladium sponge, and rhodium.

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