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Sichuan Guangan AAA PCL (SHSE:600979) Debt-to-Equity : 0.66 (As of Mar. 2024)


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What is Sichuan Guangan AAA PCL Debt-to-Equity?

Sichuan Guangan AAA PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥282 Mil. Sichuan Guangan AAA PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,703 Mil. Sichuan Guangan AAA PCL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,495 Mil. Sichuan Guangan AAA PCL's debt to equity for the quarter that ended in Mar. 2024 was 0.66.

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 Sichuan Guangan AAA PCL's Debt-to-Equity or its related term are showing as below:

SHSE:600979' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41   Med: 0.62   Max: 1.99
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Sichuan Guangan AAA PCL was 1.99. The lowest was 0.41. And the median was 0.62.

SHSE:600979's Debt-to-Equity is ranked better than
57.26% of 475 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs SHSE:600979: 0.66

Sichuan Guangan AAA PCL Debt-to-Equity Historical Data

The historical data trend for Sichuan Guangan AAA PCL'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.

Sichuan Guangan AAA PCL Debt-to-Equity Chart

Sichuan Guangan AAA PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.54 0.62 0.65 0.67

Sichuan Guangan AAA PCL 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.64 0.66 0.67 0.66

Competitive Comparison of Sichuan Guangan AAA PCL's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, Sichuan Guangan AAA PCL'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.


Sichuan Guangan AAA PCL's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Sichuan Guangan AAA PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sichuan Guangan AAA PCL's Debt-to-Equity falls into.



Sichuan Guangan AAA PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sichuan Guangan AAA PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sichuan Guangan AAA PCL's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Sichuan Guangan AAA PCL  (SHSE:600979) 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.


Sichuan Guangan AAA PCL Debt-to-Equity Related Terms

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Sichuan Guangan AAA PCL (SHSE:600979) Business Description

Traded in Other Exchanges
N/A
Address
No. 86, Qujiang North Road, Guang'an District, Guang'an, Sichuan, CHN, 638000
Sichuan Guangan AAA PCL is a China-based company engaged in the generation and distribution of electricity, natural gas and running water. Network access installation services are also offered by the Company.

Sichuan Guangan AAA PCL (SHSE:600979) Headlines

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