Shengli Oil & Gas Pipe Holdings (HKSE:01080) Debt-to-Equity : 0.67 (As of Dec. 2023)

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What is Shengli Oil & Gas Pipe Holdings Debt-to-Equity?

Shengli Oil & Gas Pipe Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$260.5 Mil. Shengli Oil & Gas Pipe Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$102.2 Mil. Shengli Oil & Gas Pipe Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$541.6 Mil. Shengli Oil & Gas Pipe Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.67.

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 Shengli Oil & Gas Pipe Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01080' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 0.66 Max: 1.11
Current: 0.67

During the past 13 years, the highest Debt-to-Equity Ratio of Shengli Oil & Gas Pipe Holdings was 1.11. The lowest was 0.55. And the median was 0.66.

HKSE:01080's Debt-to-Equity is ranked worse than
62.91% of 825 companies
in the Oil & Gas industry
Industry Median: 0.47 vs HKSE:01080: 0.67

Shengli Oil & Gas Pipe Holdings Debt-to-Equity Historical Data

The historical data trend for Shengli Oil & Gas Pipe Holdings'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.

Shengli Oil & Gas Pipe Holdings Debt-to-Equity Chart

Shengli Oil & Gas Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.66

0.93

1.11

0.55

0.67

Shengli Oil & Gas Pipe Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.43	0.55	0.60	0.67	N/A

Competitive Comparison of Shengli Oil & Gas Pipe Holdings's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Shengli Oil & Gas Pipe Holdings'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.

Shengli Oil & Gas Pipe Holdings's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shengli Oil & Gas Pipe Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shengli Oil & Gas Pipe Holdings's Debt-to-Equity falls into.

Shengli Oil & Gas Pipe Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shengli Oil & Gas Pipe Holdings'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
	=	(260.452	+	102.167)	/	541.638
	=	0.67

Shengli Oil & Gas Pipe Holdings'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
	=	(260.452	+	102.167)	/	541.638
	=	0.67

Shengli Oil & Gas Pipe Holdings (HKSE:01080) 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.

Shengli Oil & Gas Pipe Holdings Debt-to-Equity Related Terms

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Shengli Oil & Gas Pipe Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shengli Oil & Gas Pipe Holdings Ltd (HKSE:01080) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

GSG:Germany

Address

Zhongbu Town, Zhangdian District, Shandong Province, Zibo, CHN, 255082

Website

http://www.slogp.com

Shengli Oil & Gas Pipe Holdings Ltd is an oil and gas pipe manufacturer in China. It focuses on the design, manufacturing, value-added processing, and servicing of submerged-arc helical welded pipes (SAWH pipes) and submerged-arc longitudinal welded pipes (SAWL pipes), that are used to transport crude oil, refined petroleum products, natural gas, and other related products. It operates two reportable segments which comprise the pipes business and trading business. The majority of the revenue is derived from the pipes business segment that involves the production of submerged-arc helical welded pipes and submerged-arc longitudinal welded pipe which are mainly used for the oil and infrastructure industry. Geographically it derives revenue from Mainland China.

Executives

Zhang Bizhuang	2101 Beneficial owner
Huang Guang	2201 Interest of corporation controlled by you
Chen Haili	2201 Interest of corporation controlled by you
Hzj Holding Limited	2201 Interest of corporation controlled by you
Mefun Group Limited	2101 Beneficial owner
Wei Jun	2201 Interest of corporation controlled by you
Lm Asset Management Corp	2201 Interest of corporation controlled by you
Lm Global Asset Lp	2101 Beneficial owner
Lmt International Corporation Limited	2201 Interest of corporation controlled by you
Shan Dong Min Ying Lian He Tou Zi Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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