Nanjing Business & Tourism (SHSE:600250) Debt-to-Equity : 0.92 (As of Mar. 2024)

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What is Nanjing Business & Tourism Debt-to-Equity?

Nanjing Business & Tourism's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥347.4 Mil. Nanjing Business & Tourism's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥188.1 Mil. Nanjing Business & Tourism's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥584.5 Mil. Nanjing Business & Tourism's debt to equity for the quarter that ended in Mar. 2024 was 0.92.

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 Nanjing Business & Tourism's Debt-to-Equity or its related term are showing as below:

SHSE:600250' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 1.03 Max: 2.99
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of Nanjing Business & Tourism was 2.99. The lowest was 0.42. And the median was 1.03.

SHSE:600250's Debt-to-Equity is ranked worse than
66.53% of 472 companies
in the Conglomerates industry
Industry Median: 0.55 vs SHSE:600250: 0.92

Nanjing Business & Tourism Debt-to-Equity Historical Data

The historical data trend for Nanjing Business & Tourism'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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Nanjing Business & Tourism Debt-to-Equity Chart

Nanjing Business & Tourism Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.49

0.64

0.93

0.84

0.80

Nanjing Business & Tourism Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.89	0.88	0.82	0.80	0.92

Competitive Comparison of Nanjing Business & Tourism's Debt-to-Equity

For the Conglomerates subindustry, Nanjing Business & Tourism'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.

Nanjing Business & Tourism's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nanjing Business & Tourism's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nanjing Business & Tourism's Debt-to-Equity falls into.

Nanjing Business & Tourism Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nanjing Business & Tourism'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
	=	(292.087	+	161.593)	/	567.725
	=	0.80

Nanjing Business & Tourism's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(347.448	+	188.108)	/	584.468
	=	0.92

Nanjing Business & Tourism (SHSE:600250) 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.

Nanjing Business & Tourism Debt-to-Equity Related Terms

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Nanjing Business & Tourism (SHSE:600250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nanjing Business & Tourism Corp Ltd (SHSE:600250) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 18, Xinxinqiao East Street, Qinhuai District, Jiangsu, Nanjing, CHN, 210006

Website

http://www.nantex.com.cn

Nanjing Business & Tourism Corp Ltd Formerly Nanjing Textiles Imp & Exp Corp Ltd is involved in the fields of textiles and garments, electric and machinery, light industry, chemical industry and others, covering over 1000 merchandise. At the same time, the company also engaged in the overseas labor services and economic and technical cooperation activities.

Executives

Xia Shu Ping	Director
Fan Ye	senior management
Li Rui Ping	senior management
Zhang Zhong Ling	senior management
Zhou Guo Qing	Supervisors
Yang Chun Sheng	senior management
Han Yong	Director
Yin Wen Qi	senior management
Tang Jian Guo	senior management
Hu Hai Ge	Director
Dan Xiao Zhong	Director
Yang Jing Cheng	Director
Ding Jie	senior management
Ye Qing	senior management
Xu Xian Min	senior management

Nanjing Business & Tourism (SHSE:600250) Headlines

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