Nanjing Chixia Development Co (SHSE:600533) Debt-to-Equity : 2.89 (As of Sep. 2024)

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What is Nanjing Chixia Development Co Debt-to-Equity?

Nanjing Chixia Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥4,951 Mil. Nanjing Chixia Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥6,792 Mil. Nanjing Chixia Development Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥4,062 Mil. Nanjing Chixia Development Co's debt to equity for the quarter that ended in Sep. 2024 was 2.89.

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

SHSE:600533' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.19 Med: 2.02 Max: 2.91
Current: 2.89

During the past 13 years, the highest Debt-to-Equity Ratio of Nanjing Chixia Development Co was 2.91. The lowest was 1.19. And the median was 2.02.

SHSE:600533's Debt-to-Equity is ranked worse than
90.63% of 1558 companies
in the Real Estate industry
Industry Median: 0.735 vs SHSE:600533: 2.89

Nanjing Chixia Development Co Debt-to-Equity Historical Data

The historical data trend for Nanjing Chixia Development 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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Nanjing Chixia Development Co Debt-to-Equity Chart

Nanjing Chixia Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.38

2.14

1.90

2.03

2.89

Nanjing Chixia Development Co 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															2.68	2.89	2.91	2.87	2.89

Competitive Comparison of Nanjing Chixia Development Co's Debt-to-Equity

For the Real Estate - Development subindustry, Nanjing Chixia Development 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.

Nanjing Chixia Development Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Nanjing Chixia Development Co's Debt-to-Equity distribution charts can be found below:

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

Nanjing Chixia Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nanjing Chixia Development 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
	=	(4327.225	+	7697.594)	/	4158.234
	=	2.89

Nanjing Chixia Development Co'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
	=	(4950.965	+	6791.535)	/	4061.941
	=	2.89

Nanjing Chixia Development Co (SHSE:600533) 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 Chixia Development Co Debt-to-Equity Related Terms

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Nanjing Chixia Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nanjing Chixia Development Co Ltd (SHSE:600533) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 9 Longpan Road, Xinglong Building, 21F, Nanjing, Jiangsu, CHN, 210037

Website

http://www.chixia.com

Nanjing Chixia Development Co Ltd is a real estate development company. It has four segments including construction, engineering construction management, and foreign investment. The group has developed various types of construction such as residential buildings, office buildings, and large-scale public buildings. The planning, design, construction quality, garden landscape, decoration, and decoration have all reached the first-class level.

Executives

Xu Shui Yan

Supervisors

Nanjing Chixia Development Co Headlines

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