China Eastern Airlines (SHSE:600115) Debt-to-Equity : 4.49 (As of Sep. 2024)

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What is China Eastern Airlines Debt-to-Equity?

China Eastern Airlines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥76,720 Mil. China Eastern Airlines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥103,835 Mil. China Eastern Airlines's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥40,262 Mil. China Eastern Airlines's debt to equity for the quarter that ended in Sep. 2024 was 4.48.

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 China Eastern Airlines's Debt-to-Equity or its related term are showing as below:

SHSE:600115' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 2.49 Max: 9.33
Current: 4.49

During the past 13 years, the highest Debt-to-Equity Ratio of China Eastern Airlines was 9.33. The lowest was 0.71. And the median was 2.49.

SHSE:600115's Debt-to-Equity is ranked worse than
96.14% of 880 companies
in the Transportation industry
Industry Median: 0.54 vs SHSE:600115: 4.49

China Eastern Airlines Debt-to-Equity Historical Data

The historical data trend for China Eastern Airlines'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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China Eastern Airlines Debt-to-Equity Chart

China Eastern Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.17

2.93

3.79

7.48

4.85

China Eastern Airlines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															7.54	4.85	4.67	4.78	4.49

Competitive Comparison of China Eastern Airlines's Debt-to-Equity

For the Airlines subindustry, China Eastern Airlines'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.

China Eastern Airlines's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where China Eastern Airlines's Debt-to-Equity falls into.

China Eastern Airlines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Eastern Airlines'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
	=	(74209	+	122769)	/	40610
	=	4.85

China Eastern Airlines's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(76720	+	103835)	/	40262
	=	4.48

China Eastern Airlines (SHSE:600115) 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.

China Eastern Airlines Debt-to-Equity Related Terms

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China Eastern Airlines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Eastern Airlines Corp Ltd (SHSE:600115) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHEAF:USA 00670:Hong Kong CIAH:Germany

Address

36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100

Website

https://www.ceair.com

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 782 aircraft as of 2023 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming.

Executives

Sun You Wen

senior management

China Eastern Airlines Headlines

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