Songcheng Performance Development Co (SZSE:300144) Debt-to-Equity

: 0.08 (As of Sep. 2023)

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Songcheng Performance Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥53 Mil. Songcheng Performance Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥569 Mil. Songcheng Performance Development Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥8,252 Mil. Songcheng Performance Development Co's debt to equity for the quarter that ended in Sep. 2023 was 0.08.

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

SZSE:300144' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.12
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Songcheng Performance Development Co was 0.12. The lowest was 0.00. And the median was 0.08.

SZSE:300144's Debt-to-Equity is ranked better than
83.99% of 687 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs SZSE:300144: 0.08

Songcheng Performance Development Co Debt-to-Equity Historical Data

The historical data trend for Songcheng Performance Development 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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Songcheng Performance Development Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.10

0.09

Songcheng Performance Development 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	Get a 7-Day Free Trial															0.09	0.09	0.08	0.08	0.08

Competitive Comparison

For the Leisure subindustry, Songcheng Performance Development 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.

Songcheng Performance Development Co Debt-to-Equity Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Songcheng Performance Development Co's Debt-to-Equity distribution charts can be found below:

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

Songcheng Performance Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Songcheng Performance Development 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
	=	(296.544	+	347.086)	/	7549.176
	=	0.09

Songcheng Performance Development 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
	=	(53.406	+	569.399)	/	8252.402
	=	0.08

Songcheng Performance Development Co (SZSE:300144) 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.

Songcheng Performance Development Co Debt-to-Equity Related Terms

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Songcheng Performance Development Co (SZSE:300144) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Songcheng Performance Development Co Ltd (SZSE:300144) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

148 River Road, Zhejiang Province, Hangzhou, CHN, 310008

Website

http://www.songcn.com

Songcheng Performance Development Co Ltd operates in the performing arts industry. The company is engaged in the operation of theme parks and tourism cultural shows in China. It has developed dozens of cultural entertainment projects including Songcheng Six Rooms and China Performing Arts Valley. In addition, the company has extended businesses in leisure tourism, live entertainment, and online entertainment, intending to create a performance empire that covers both online and offline traffic.

Songcheng Performance Development Co (SZSE:300144) Headlines

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