CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is CSSC Offshore & Marine Engineering (Group) Co Debt-to-Equity?

CSSC Offshore & Marine Engineering (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €220 Mil. CSSC Offshore & Marine Engineering (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €437 Mil. CSSC Offshore & Marine Engineering (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €2,257 Mil. CSSC Offshore & Marine Engineering (Group) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 CSSC Offshore & Marine Engineering (Group) Co's Debt-to-Equity or its related term are showing as below:

FRA:GSZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 1.12 Max: 2.15
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of CSSC Offshore & Marine Engineering (Group) Co was 2.15. The lowest was 0.27. And the median was 1.12.

FRA:GSZ's Debt-to-Equity is ranked better than
62.26% of 257 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs FRA:GSZ: 0.29

CSSC Offshore & Marine Engineering (Group) Co Debt-to-Equity Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (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.

* Premium members only.

CSSC Offshore & Marine Engineering (Group) Co Debt-to-Equity Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.44

0.50

0.40

0.43

0.32

CSSC Offshore & Marine Engineering (Group) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.36	0.27	0.35	0.32	0.29

Competitive Comparison of CSSC Offshore & Marine Engineering (Group) Co's Debt-to-Equity

For the Aerospace & Defense subindustry, CSSC Offshore & Marine Engineering (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.

CSSC Offshore & Marine Engineering (Group) Co's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSSC Offshore & Marine Engineering (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CSSC Offshore & Marine Engineering (Group) Co's Debt-to-Equity falls into.

CSSC Offshore & Marine Engineering (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CSSC Offshore & Marine Engineering (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
	=	(236.862	+	441.204)	/	2108.472
	=	0.32

CSSC Offshore & Marine Engineering (Group) Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(219.681	+	437.394)	/	2256.68
	=	0.29

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) 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.

CSSC Offshore & Marine Engineering (Group) Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CSSC Offshore & Marine Engineering (Group) Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (FRA:GSZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

00317:Hong Kong 600685:China

Address

No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250

Website

http://comec.cssc.net.cn

CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Headlines

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