Cosco Shipping Development Co (Cosco Shipping Development Co) Debt-to-Equity : 3.03 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Cosco Shipping Development Co Debt-to-Equity?

Cosco Shipping Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4,440 Mil. Cosco Shipping Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $8,035 Mil. Cosco Shipping Development Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $4,124 Mil. Cosco Shipping Development Co's debt to equity for the quarter that ended in Mar. 2024 was 3.03.

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

CITAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.9 Med: 4.05 Max: 7.36
Current: 3.03

During the past 13 years, the highest Debt-to-Equity Ratio of Cosco Shipping Development Co was 7.36. The lowest was 0.90. And the median was 4.05.

CITAF's Debt-to-Equity is ranked worse than
94.19% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs CITAF: 3.03

Cosco Shipping Development Co Debt-to-Equity Historical Data

The historical data trend for Cosco Shipping 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.

Cosco Shipping Development Co Debt-to-Equity Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

4.62

4.05

2.79

3.23

3.10

Cosco Shipping Development 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															2.94	2.92	2.96	3.10	3.03

Competitive Comparison of Cosco Shipping Development Co's Debt-to-Equity

For the Aerospace & Defense subindustry, Cosco Shipping 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.

Cosco Shipping Development Co's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cosco Shipping Development Co's Debt-to-Equity distribution charts can be found below:

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

Cosco Shipping Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cosco Shipping Development 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
	=	(4629.002	+	8094.785)	/	4101.241
	=	3.10

Cosco Shipping Development 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
	=	(4439.674	+	8035.415)	/	4123.591
	=	3.03

Cosco Shipping Development Co (OTCPK:CITAF) 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.

Cosco Shipping Development Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cosco Shipping Development Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CITAY:USA 02866:Hong Kong EZ5:Germany 601866:China

Address

Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.cscl.com.cn

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

Cosco Shipping Development Co (Cosco Shipping Development Co) Headlines

No Headlines