Shanghai Chuangli Group Co (SHSE:603012) Debt-to-Equity : 0.28 (As of Sep. 2024)

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What is Shanghai Chuangli Group Co Debt-to-Equity?

Shanghai Chuangli Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥838 Mil. Shanghai Chuangli Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥208 Mil. Shanghai Chuangli Group Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥3,687 Mil. Shanghai Chuangli Group Co's debt to equity for the quarter that ended in Sep. 2024 was 0.28.

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 Shanghai Chuangli Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:603012' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 0.28
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Chuangli Group Co was 0.28. The lowest was 0.04. And the median was 0.17.

SHSE:603012's Debt-to-Equity is ranked better than
58.82% of 187 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.39 vs SHSE:603012: 0.28

Shanghai Chuangli Group Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Chuangli Group 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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Shanghai Chuangli Group Co Debt-to-Equity Chart

Shanghai Chuangli Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.20

0.22

0.14

0.15

Shanghai Chuangli Group 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															0.17	0.15	0.20	0.22	0.28

Competitive Comparison of Shanghai Chuangli Group Co's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Shanghai Chuangli Group 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.

Shanghai Chuangli Group Co's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Shanghai Chuangli Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Chuangli Group Co's Debt-to-Equity falls into.

Shanghai Chuangli Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Chuangli Group 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
	=	(474.212	+	69.67)	/	3612.273
	=	0.15

Shanghai Chuangli Group 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
	=	(837.769	+	207.71)	/	3686.822
	=	0.28

Shanghai Chuangli Group Co (SHSE:603012) 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.

Shanghai Chuangli Group Co Debt-to-Equity Related Terms

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Shanghai Chuangli Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Shanghai Chuangli Group Co Ltd (SHSE:603012) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Qifu Road, Qingpu Industrial Park, No. 1568, Shanghai, CHN, 201706

Website

http://www.shclkj.com

Shanghai Chuangli Group Co Ltd is a coal mining equipment supplier mainly engaged in comprehensive mining machinery and equipment in the coal mine. Its main business is the design, research and development, manufacturing, sales and technology of coal comprehensive mining machinery equipment, coal mine automation control system and mining electrical equipment. Its products are coal comprehensive mining machinery and equipment, including series drum type coal mining machine, series cantilever roadheader, and related spare parts.

Executives

Ju Ming Li	senior management
Li Ying Hao	Director
Chang Yu Lin	senior management
Geng Wei Dong	Director
Guan Ya Ping	Director
Rui Guo Hong	senior management
Li Shu Lin	Supervisors
Xing Dong Hui	senior management
Shi Hua Hui	Director
Wang Zhang Fu	senior management
Lin Xiu Min	senior management

Shanghai Chuangli Group Co Headlines

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