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Caissa Tosun Development Co (SZSE:000796) Debt-to-Equity : 0.31 (As of Jun. 2024)


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What is Caissa Tosun Development Co Debt-to-Equity?

Caissa Tosun Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥46.5 Mil. Caissa Tosun Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥218.6 Mil. Caissa Tosun Development Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥866.8 Mil. Caissa Tosun Development Co's debt to equity for the quarter that ended in Jun. 2024 was 0.31.

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 Caissa Tosun Development Co's Debt-to-Equity or its related term are showing as below:

SZSE:000796' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.58   Med: 0.64   Max: 67.85
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of Caissa Tosun Development Co was 67.85. The lowest was -1.58. And the median was 0.64.

SZSE:000796's Debt-to-Equity is ranked better than
60.81% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.44 vs SZSE:000796: 0.31

Caissa Tosun Development Co Debt-to-Equity Historical Data

The historical data trend for Caissa Tosun 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.

* Premium members only.

Caissa Tosun Development Co Debt-to-Equity Chart

Caissa Tosun Development Co 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 0.57 1.73 11.00 -1.58 0.29

Caissa Tosun Development Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -1.38 -1.18 0.29 0.27 0.31

Competitive Comparison of Caissa Tosun Development Co's Debt-to-Equity

For the Travel Services subindustry, Caissa Tosun 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.


Caissa Tosun Development Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Caissa Tosun Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Caissa Tosun Development Co's Debt-to-Equity falls into.



Caissa Tosun Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Caissa Tosun Development Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Caissa Tosun Development Co's Debt to Equity Ratio for the quarter that ended in Jun. 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.


Caissa Tosun Development Co  (SZSE:000796) 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.


Caissa Tosun Development Co Debt-to-Equity Related Terms

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Caissa Tosun Development Co Business Description

Traded in Other Exchanges
N/A
Address
No.155 Jinger Road, Weibin District, Shaanxi, Baoji, CHN, 721000
Caissa Tosun Development Co Ltd is engaged in tourism industry. The company's services include group tours, domestic and peripheral tours, cruise, visa, air tickets, hotel bookings, theme tours, among others.
Executives
Nang Qi Directors, executives
Ma Yi Wen Director
Zheng Dan Supervisors
Zhang Ling Directors, executives
Gao Zhi Ping Supervisors
Zhang Wei Supervisors
Liu Jiang Tao Directors, executives
Li Wei Dong Supervisors
Liu Zhi Qiang Director
Wei Cun Gong Director
Ma Zhang Zhao Supervisors
Li Zhang Ming Supervisors

Caissa Tosun Development Co Headlines

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