Sk Shu Paint Co (SHSE:603737) Debt-to-Equity : 1.59 (As of Mar. 2024)

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What is Sk Shu Paint Co Debt-to-Equity?

Sk Shu Paint Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,524 Mil. Sk Shu Paint Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,437 Mil. Sk Shu Paint Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,493 Mil. Sk Shu Paint Co's debt to equity for the quarter that ended in Mar. 2024 was 1.59.

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 Sk Shu Paint Co's Debt-to-Equity or its related term are showing as below:

SHSE:603737' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.65 Max: 2.15
Current: 1.59

During the past 13 years, the highest Debt-to-Equity Ratio of Sk Shu Paint Co was 2.15. The lowest was 0.08. And the median was 0.65.

SHSE:603737's Debt-to-Equity is ranked worse than
93.69% of 1394 companies
in the Chemicals industry
Industry Median: 0.355 vs SHSE:603737: 1.59

Sk Shu Paint Co Debt-to-Equity Historical Data

The historical data trend for Sk Shu Paint 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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Sk Shu Paint Co Debt-to-Equity Chart

Sk Shu Paint Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.65

0.72

1.76

1.64

1.46

Sk Shu Paint 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															1.94	1.74	1.43	1.46	1.59

Competitive Comparison of Sk Shu Paint Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Sk Shu Paint 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.

Sk Shu Paint Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sk Shu Paint Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sk Shu Paint Co's Debt-to-Equity falls into.

Sk Shu Paint Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sk Shu Paint 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
	=	(2087.225	+	1484.38)	/	2445.671
	=	1.46

Sk Shu Paint 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
	=	(2524.195	+	1436.733)	/	2492.762
	=	1.59

Sk Shu Paint Co (SHSE:603737) 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.

Sk Shu Paint Co Debt-to-Equity Related Terms

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Sk Shu Paint Co (SHSE:603737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sk Shu Paint Co Ltd (SHSE:603737) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 518 LIyuan North Road, Licheng District, Fujian Province, Putian City, CHN, 351100

Website

http://www.skshu.com.cn

Sk Shu Paint Co Ltd operates in the business of paint products. It offers decorative paints, such as interior paints; architectural coatings, including floor paints, granite paints, stone covers, texture paints, and rock chip paints; wood paints comprising ultraviolet, PU, and NC paints; and auxiliary materials consisting of adhesives, waterproof paints, and putty.

Executives

Zhao Fu Wei	Supervisors
Mi Li	Directors, senior managers
Peng Yong Sen	Supervisors
Hong Jie	Directors, senior managers
Lin De Dian	senior management
Zhu Qi Feng	Directors, senior managers
Lin Li Zhong	Director
Cai Wei Ting	Supervisors
Huang Sheng Lin	senior management
Fang Guo Qin	Directors, senior managers
Chen Chao Yang	Supervisors

Sk Shu Paint Co (SHSE:603737) Headlines

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