Tianjin Binhai Teda Logistics Group (HKSE:08348) Debt-to-Equity : 0.34 (As of Jun. 2024)

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What is Tianjin Binhai Teda Logistics Group Debt-to-Equity?

Tianjin Binhai Teda Logistics Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$285 Mil. Tianjin Binhai Teda Logistics Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$36 Mil. Tianjin Binhai Teda Logistics Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$956 Mil. Tianjin Binhai Teda Logistics Group's debt to equity for the quarter that ended in Jun. 2024 was 0.34.

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 Tianjin Binhai Teda Logistics Group's Debt-to-Equity or its related term are showing as below:

HKSE:08348' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.4 Max: 1.1
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Tianjin Binhai Teda Logistics Group was 1.10. The lowest was 0.09. And the median was 0.40.

HKSE:08348's Debt-to-Equity is ranked better than
63.7% of 887 companies
in the Transportation industry
Industry Median: 0.51 vs HKSE:08348: 0.34

Tianjin Binhai Teda Logistics Group Debt-to-Equity Historical Data

The historical data trend for Tianjin Binhai Teda Logistics 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.

Tianjin Binhai Teda Logistics Group Debt-to-Equity Chart

Tianjin Binhai Teda Logistics Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.10

0.59

0.38

0.39

0.44

Tianjin Binhai Teda Logistics Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.42	N/A	0.44	0.34

Competitive Comparison of Tianjin Binhai Teda Logistics Group's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Tianjin Binhai Teda Logistics 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.

Tianjin Binhai Teda Logistics Group's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tianjin Binhai Teda Logistics Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tianjin Binhai Teda Logistics Group's Debt-to-Equity falls into.

Tianjin Binhai Teda Logistics Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianjin Binhai Teda Logistics Group'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
	=	(368.842	+	54.663)	/	970.487
	=	0.44

Tianjin Binhai Teda Logistics Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(284.918	+	35.859)	/	955.85
	=	0.34

Tianjin Binhai Teda Logistics Group (HKSE:08348) 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.

Tianjin Binhai Teda Logistics Group Debt-to-Equity Related Terms

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Tianjin Binhai Teda Logistics Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tianjin Binhai Teda Logistics Group Corp Ltd (HKSE:08348) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 39, Bohai Road, 3rd Floor, Tianjin Economic and Technological Development Area, Tianjin, CHN, 300457

Website

http://www.tbtl.cn

Tianjin Binhai Teda Logistics Group Corp Ltd provides integrated logistics services. The group operates in the segments of materials procurement and logistics services which deal in the sales of raw materials to trading companies, as well as the provision of transportation management, storage, warehouse management, and logistics and supply chain services for finished automobiles and components segment. It is engaged in the provision of logistics and supply chain management services, including planning, storage, and transportation management for finished automobiles and components. The concern mainly operates its business in the PRC.

Executives

Teda Investment Holding Co., Ltd.	2101 Beneficial owner
Sino Biopharmaceutical Limited	2201 Interest of corporation controlled by you
Charoen Pokphand Group Company Limited	2201 Interest of corporation controlled by you
Tianjin Port Development Holdings Limited	2101 Beneficial owner
Tianjin Port Overseas Holding Limited	2201 Interest of corporation controlled by you
Zheng Da Zhi Di You Xian Gong Si	2101 Beneficial owner
Fu Tai Shang Hai You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Gang Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

Tianjin Binhai Teda Logistics Group Headlines

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