Jiangsu Expressway Co (STU:JE2) Debt-to-Equity : 0.81 (As of Sep. 2024)

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What is Jiangsu Expressway Co Debt-to-Equity?

Jiangsu Expressway Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €852 Mil. Jiangsu Expressway Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €2,952 Mil. Jiangsu Expressway Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €4,686 Mil. Jiangsu Expressway Co's debt to equity for the quarter that ended in Sep. 2024 was 0.81.

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

STU:JE2' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.55 Max: 0.97
Current: 0.81

During the past 13 years, the highest Debt-to-Equity Ratio of Jiangsu Expressway Co was 0.97. The lowest was 0.21. And the median was 0.55.

STU:JE2's Debt-to-Equity is ranked worse than
69.2% of 1565 companies
in the Construction industry
Industry Median: 0.44 vs STU:JE2: 0.81

Jiangsu Expressway Co Debt-to-Equity Historical Data

The historical data trend for Jiangsu Expressway 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.

Jiangsu Expressway Co Debt-to-Equity Chart

Jiangsu Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.57

0.75

0.95

0.93

Jiangsu Expressway 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															0.97	0.93	0.88	0.88	0.81

Competitive Comparison of Jiangsu Expressway Co's Debt-to-Equity

For the Infrastructure Operations subindustry, Jiangsu Expressway 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.

Jiangsu Expressway Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jiangsu Expressway Co's Debt-to-Equity distribution charts can be found below:

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

Jiangsu Expressway Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu Expressway 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
	=	(518.231	+	3525.576)	/	4364.912
	=	0.93

Jiangsu Expressway 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
	=	(852.263	+	2951.619)	/	4686.281
	=	0.81

Jiangsu Expressway Co (STU:JE2) 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.

Jiangsu Expressway Co Debt-to-Equity Related Terms

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Jiangsu Expressway Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangsu Expressway Co Ltd (STU:JE2) » Definitions » Debt-to-Equity

Traded in Other Exchanges

JEXYY:USA JEXYF:USA 00177:Hong Kong JE2:Germany 600377:China

Address

6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049

Website

http://www.jsexpressway.com

Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway is a key revenue driver, Guangjing Expressway, and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Ningchang Expressway and Zhenli Expressway, Zhendan Expressway, Wufengshan Expressway, Changyi Expressway, Yichang Expressway, Longtan Bridge, Ancillary services, Real estate development, sales of electricity and advertising and others.

Jiangsu Expressway Co Headlines

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