Hunan Chendian International Development Co (SHSE:600969) Debt-to-Equity : 2.36 (As of Mar. 2024)

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What is Hunan Chendian International Development Co Debt-to-Equity?

Hunan Chendian International Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,758 Mil. Hunan Chendian International Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,702 Mil. Hunan Chendian International Development Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,588 Mil. Hunan Chendian International Development Co's debt to equity for the quarter that ended in Mar. 2024 was 2.36.

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

SHSE:600969' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.29 Med: 1.96 Max: 2.39
Current: 2.36

During the past 13 years, the highest Debt-to-Equity Ratio of Hunan Chendian International Development Co was 2.39. The lowest was 1.29. And the median was 1.96.

SHSE:600969's Debt-to-Equity is ranked worse than
89.65% of 483 companies
in the Utilities - Regulated industry
Industry Median: 0.85 vs SHSE:600969: 2.36

Hunan Chendian International Development Co Debt-to-Equity Historical Data

The historical data trend for Hunan Chendian International 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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Hunan Chendian International Development Co Debt-to-Equity Chart

Hunan Chendian International Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.90

2.07

2.25

2.24

Hunan Chendian International Development 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															2.31	2.35	2.34	2.24	2.36

Competitive Comparison of Hunan Chendian International Development Co's Debt-to-Equity

For the Utilities - Diversified subindustry, Hunan Chendian International 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.

Hunan Chendian International Development Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hunan Chendian International Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hunan Chendian International Development Co's Debt-to-Equity falls into.

Hunan Chendian International Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hunan Chendian International 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
	=	(1398.411	+	6631.259)	/	3585.034
	=	2.24

Hunan Chendian International Development 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
	=	(1758.365	+	6702.048)	/	3587.595
	=	2.36

Hunan Chendian International Development Co (SHSE:600969) 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.

Hunan Chendian International Development Co Debt-to-Equity Related Terms

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Hunan Chendian International Development Co (SHSE:600969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hunan Chendian International Development Co Ltd (SHSE:600969) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wanuo Building, No. 5 Youth Avenue, Hunan Province, Quzhou, CHN, 423000

Website

http://www.chinacdi.com

Hunan Chendian International Development Co Ltd is a China-based company. Its business activities are divided into five divisions including Power supply business that purchases electricity from hydropower, power grid and China Southern Power Grid in the power supply area, and sells electricity to terminal power users through its transmission and power-distribution network, Water supply business mainly produces and sells tap water, Industrial gases provide gas supply services for large and medium-sized steel enterprises., Hydropower development is engaged in investment development and operation management of hydropower stations, and Sewage treatment invests in construction of operating sewage.

Executives

Fan Pei Shun	Director
Yuan Zhi Yong	Director

Hunan Chendian International Development Co (SHSE:600969) Headlines

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