Qingdao Port International Co (HKSE:06198) Debt-to-Equity : 0.09 (As of Dec. 2023)

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What is Qingdao Port International Co Debt-to-Equity?

Qingdao Port International Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,480 Mil. Qingdao Port International Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,276 Mil. Qingdao Port International Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$44,054 Mil. Qingdao Port International Co's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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 Qingdao Port International Co's Debt-to-Equity or its related term are showing as below:

HKSE:06198' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.27
Current: 0.09

During the past 11 years, the highest Debt-to-Equity Ratio of Qingdao Port International Co was 0.27. The lowest was 0.01. And the median was 0.10.

HKSE:06198's Debt-to-Equity is ranked better than
89.91% of 882 companies
in the Transportation industry
Industry Median: 0.545 vs HKSE:06198: 0.09

Qingdao Port International Co Debt-to-Equity Historical Data

The historical data trend for Qingdao Port International 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.

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Qingdao Port International Co Debt-to-Equity Chart

Qingdao Port International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.11

0.09

0.11

0.09

Qingdao Port International Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.10	0.09	0.09	N/A

Competitive Comparison of Qingdao Port International Co's Debt-to-Equity

For the Marine Shipping subindustry, Qingdao Port International 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.

Qingdao Port International Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Qingdao Port International Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Qingdao Port International Co's Debt-to-Equity falls into.

Qingdao Port International Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qingdao Port International 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
	=	(1480.253	+	2276.259)	/	44054.195
	=	0.09

Qingdao Port International 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
	=	(1480.253	+	2276.259)	/	44054.195
	=	0.09

Qingdao Port International Co (HKSE:06198) 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.

Qingdao Port International Co Debt-to-Equity Related Terms

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Qingdao Port International Co (HKSE:06198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qingdao Port International Co Ltd (HKSE:06198) » Definitions » Debt-to-Equity

Traded in Other Exchanges

0QP:Germany 601298:China

Address

No. 12 Jingba Road, Huangdao District, Shangdong Province, Qingdao, CHN, 266011

Website

https://www.qingdao-port.com

Qingdao Port International Co Ltd is a Chinese company that acts as an operator of the Port of Qingdao. It provides a range of port-related services including basic port services such as stevedoring and storage services, ancillary and extended services such as logistics and financing-related services. The company has six operating segments; container handling and ancillary services, metal ore, coal, and other cargo handling and ancillary services, liquid bulk handling and ancillary services, logistics and port value-added services, port ancillary services, and financial services. It derives a majority of its revenue from the logistics and port value-added services segment followed by metal ore, coal, and other cargo handling segment and liquid bulk handling and ancillary services segment.

Qingdao Port International Co (HKSE:06198) Headlines

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