Sinopec Shanghai Petrochemical Co (FRA:SGJH) Debt-to-Equity : 0.06 (As of Sep. 2024)

View and export this data going back to . Start your Free Trial

What is Sinopec Shanghai Petrochemical Co Debt-to-Equity?

Sinopec Shanghai Petrochemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €192 Mil. Sinopec Shanghai Petrochemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0 Mil. Sinopec Shanghai Petrochemical Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €3,149 Mil. Sinopec Shanghai Petrochemical Co's debt to equity for the quarter that ended in Sep. 2024 was 0.06.

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

FRA:SGJH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.42
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Sinopec Shanghai Petrochemical Co was 0.42. The lowest was 0.02. And the median was 0.08.

FRA:SGJH's Debt-to-Equity is ranked better than
87.24% of 823 companies
in the Oil & Gas industry
Industry Median: 0.47 vs FRA:SGJH: 0.06

Sinopec Shanghai Petrochemical Co Debt-to-Equity Historical Data

The historical data trend for Sinopec Shanghai Petrochemical 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.

Sinopec Shanghai Petrochemical Co Debt-to-Equity Chart

Sinopec Shanghai Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.05

0.08

0.09

0.15

Sinopec Shanghai Petrochemical Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.15	0.21	0.21	0.06

Competitive Comparison of Sinopec Shanghai Petrochemical Co's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Sinopec Shanghai Petrochemical 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.

Sinopec Shanghai Petrochemical Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sinopec Shanghai Petrochemical Co's Debt-to-Equity distribution charts can be found below:

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

Sinopec Shanghai Petrochemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sinopec Shanghai Petrochemical 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
	=	(476.148	+	0.121)	/	3188.21
	=	0.15

Sinopec Shanghai Petrochemical Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(191.755	+	0.094)	/	3149.154
	=	0.06

Sinopec Shanghai Petrochemical Co (FRA:SGJH) 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.

Sinopec Shanghai Petrochemical Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sinopec Shanghai Petrochemical Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sinopec Shanghai Petrochemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Shanghai Petrochemical Co Ltd (FRA:SGJH) » Definitions » Debt-to-Equity

Traded in Other Exchanges

SPTJF:USA 00338:Hong Kong 600688:China

Address

No. 48 Jinyi Road, Jinshan District, Shanghai, CHN, 200540

Website

http://www.sinopec.com

Sinopec Shanghai Petrochemical Co Ltd is a Chinese petrochemical company. The company's operating segment includes three reportable segments: petroleum products, chemical products, and trading of petrochemical products. It generates maximum revenue from the Petroleum products segment. The petroleum products segment is equipped with crude oil refinery facilities used to produce qualified refined gasoline, fuel, diesel oil, heavy oil, and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities.

Sinopec Shanghai Petrochemical Co Headlines

No Headlines