Pujiang International Group (HKSE:02060) Debt-to-Equity : 1.00 (As of Jun. 2023)

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What is Pujiang International Group Debt-to-Equity?

Pujiang International Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$2,402 Mil. Pujiang International Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$78 Mil. Pujiang International Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$2,479 Mil. Pujiang International Group's debt to equity for the quarter that ended in Jun. 2023 was 1.00.

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 Pujiang International Group's Debt-to-Equity or its related term are showing as below:

HKSE:02060' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.83 Max: 1
Current: 1

During the past 7 years, the highest Debt-to-Equity Ratio of Pujiang International Group was 1.00. The lowest was 0.48. And the median was 0.83.

HKSE:02060's Debt-to-Equity is ranked worse than
86.85% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:02060: 1.00

Pujiang International Group Debt-to-Equity Historical Data

The historical data trend for Pujiang International Group'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.

Pujiang International Group Debt-to-Equity Chart

Pujiang International Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.73

0.59

0.93

0.99

1.00

Pujiang International Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial								0.93	0.99	0.97	1.00	1.00

Competitive Comparison of Pujiang International Group's Debt-to-Equity

For the Metal Fabrication subindustry, Pujiang International Group'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.

Pujiang International Group's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pujiang International Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pujiang International Group's Debt-to-Equity falls into.

Pujiang International Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pujiang International Group'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
	=	(2380.114	+	106.862)	/	2482.934
	=	1.00

Pujiang International Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(2401.588	+	78.281)	/	2479.008
	=	1.00

Pujiang International Group (HKSE:02060) 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.

Pujiang International Group Debt-to-Equity Related Terms

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Pujiang International Group (HKSE:02060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pujiang International Group Ltd (HKSE:02060) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, 16th Floor, Shanghai, CHN, 200120

Website

http://www.pji-group.com

Pujiang International Group Ltd is a provider of bridge cables for the construction of super-long-span bridges in China and prestressed materials manufacturers in China. It is principally engaged in the manufacture of cables for the construction of bridges and prestressed materials for various infrastructure construction. The company has two main reporting business segments, namely, the business which manufactures cables for long-span bridges (the Cable Business) and the business which manufactures prestressed materials for various infrastructure construction (the Prestressed Materials Business). The Group's revenue customers are derived mainly from its operations in China.

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