Haitong Securities Co (SHSE:600837) Debt-to-Equity : 1.86 (As of Mar. 2024)

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What is Haitong Securities Co Debt-to-Equity?

Haitong Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Haitong Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥306,467 Mil. Haitong Securities Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥164,496 Mil. Haitong Securities Co's debt to equity for the quarter that ended in Mar. 2024 was 1.86.

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

SHSE:600837' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82 Med: 1.84 Max: 2.34
Current: 1.86

During the past 13 years, the highest Debt-to-Equity Ratio of Haitong Securities Co was 2.34. The lowest was 0.82. And the median was 1.84.

SHSE:600837's Debt-to-Equity is ranked worse than
86.33% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs SHSE:600837: 1.86

Haitong Securities Co Debt-to-Equity Historical Data

The historical data trend for Haitong Securities 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.

* Premium members only.

Haitong Securities Co Debt-to-Equity Chart

Haitong Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.18

1.84

1.74

1.80

1.85

Haitong Securities Co 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															1.85	1.89	1.83	1.85	1.86

Competitive Comparison of Haitong Securities Co's Debt-to-Equity

For the Capital Markets subindustry, Haitong Securities 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.

Haitong Securities Co's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Haitong Securities Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Haitong Securities Co's Debt-to-Equity falls into.

Haitong Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Haitong Securities 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
	=	(0	+	301936.088)	/	163243.99
	=	1.85

Haitong Securities Co'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
	=	(0	+	306466.573)	/	164496.426
	=	1.86

Haitong Securities Co (SHSE:600837) 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.

Haitong Securities Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Haitong Securities Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Haitong Securities Co (SHSE:600837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Haitong Securities Co Ltd (SHSE:600837) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

06837:Hong Kong

Address

No. 689 Guangdong Road, Haitong Securities Building, Shanghai, CHN, 200001

Website

https://www.htsec.com

Haitong Securities Co Ltd is engaged in the securities and futures brokerage business, which trades securities and futures for customers such as individuals, enterprises, and financial institutions; investment banking businesses. It operates in Wealth Management; Investment Banking; Asset Management; Trading and Institution; Finance Lease; and other segments. The Wealth Management Segment derives the majority of revenue and engages in the provision of a full range of financial services and investment solutions to retail and high-net-worth clients. Services provided include brokering and dealing in securities and futures, investment consulting, wealth management as well as financial services such as margin financing, security lending, and stock pledge.

Haitong Securities Co (SHSE:600837) Headlines

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