Shandong Molong Petroleum Machinery Co (HKSE:00568) Debt-to-Equity : 3.89 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Shandong Molong Petroleum Machinery Co Debt-to-Equity?

Shandong Molong Petroleum Machinery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,786.3 Mil. Shandong Molong Petroleum Machinery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$16.0 Mil. Shandong Molong Petroleum Machinery Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$463.8 Mil. Shandong Molong Petroleum Machinery Co's debt to equity for the quarter that ended in Dec. 2023 was 3.89.

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 Shandong Molong Petroleum Machinery Co's Debt-to-Equity or its related term are showing as below:

HKSE:00568' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 1.44 Max: 3.89
Current: 3.89

During the past 13 years, the highest Debt-to-Equity Ratio of Shandong Molong Petroleum Machinery Co was 3.89. The lowest was 0.71. And the median was 1.44.

HKSE:00568's Debt-to-Equity is ranked worse than
96.53% of 835 companies
in the Oil & Gas industry
Industry Median: 0.45 vs HKSE:00568: 3.89

Shandong Molong Petroleum Machinery Co Debt-to-Equity Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery Co Debt-to-Equity Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.38

1.30

1.45

2.05

3.89

Shandong Molong Petroleum Machinery 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															2.40	2.54	2.44	3.89	N/A

Competitive Comparison of Shandong Molong Petroleum Machinery Co's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Molong Petroleum Machinery Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shandong Molong Petroleum Machinery Co's Debt-to-Equity falls into.

Shandong Molong Petroleum Machinery Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Molong Petroleum Machinery 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
	=	(1786.262	+	15.987)	/	463.776
	=	3.89

Shandong Molong Petroleum Machinery 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
	=	(1786.262	+	15.987)	/	463.776
	=	3.89

Shandong Molong Petroleum Machinery Co (HKSE:00568) 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.

Shandong Molong Petroleum Machinery Co Debt-to-Equity Related Terms

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

Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (HKSE:00568) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

Shandong Molong Petroleum Machinery Co (HKSE:00568) Headlines

No Headlines