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SFWL (Shengfeng Development) Debt-to-Equity : 0.64 (As of Jun. 2024)


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What is Shengfeng Development Debt-to-Equity?

Shengfeng Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $53.5 Mil. Shengfeng Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $18.7 Mil. Shengfeng Development's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $112.3 Mil. Shengfeng Development's debt to equity for the quarter that ended in Jun. 2024 was 0.64.

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 Shengfeng Development's Debt-to-Equity or its related term are showing as below:

SFWL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57   Med: 0.83   Max: 0.93
Current: 0.64

During the past 4 years, the highest Debt-to-Equity Ratio of Shengfeng Development was 0.93. The lowest was 0.57. And the median was 0.83.

SFWL's Debt-to-Equity is ranked worse than
55.73% of 881 companies
in the Transportation industry
Industry Median: 0.54 vs SFWL: 0.64

Shengfeng Development Debt-to-Equity Historical Data

The historical data trend for Shengfeng Development'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.

Shengfeng Development Debt-to-Equity Chart

Shengfeng Development Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.93 0.83 0.84 0.57

Shengfeng Development Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Equity Get a 7-Day Free Trial 0.88 0.84 0.65 0.57 0.64

Competitive Comparison of Shengfeng Development's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Shengfeng Development'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.

Shengfeng Development's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shengfeng Development's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shengfeng Development's Debt-to-Equity falls into.


Shengfeng Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shengfeng Development'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
=(50.916 + 10.899) / 107.947
=0.57

Shengfeng Development'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
=(53.486 + 18.704) / 112.303
=0.64

* 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.

Shengfeng Development  (NAS:SFWL) 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.

Shengfeng Development Debt-to-Equity Related Terms

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Shengfeng Development Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shengfeng Development Ltd (NAS:SFWL) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
N/A
Address
No. 478 Fuxin East Road, Shengfeng Building, Jinan District, Fuzhou City, CHN, 350001
Website
https://ir.sfwl.com.cn/Overview
Shengfeng Development Ltd is a holding company. The company offers contract logistics services comprising planning and designing supply chains, designing facilities, processing orders, collecting payments, managing inventories, and providing client services. The integrated logistics solution services of the company are comprised of three segments: B2B freight transportation; cloud storage; and value-added services.