China Shanshui Cement Group (HKSE:00691) Debt-to-Equity : 0.33 (As of Dec. 2023)

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What is China Shanshui Cement Group Debt-to-Equity?

China Shanshui Cement Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5,738 Mil. China Shanshui Cement Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$933 Mil. China Shanshui Cement Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$20,048 Mil. China Shanshui Cement Group's debt to equity for the quarter that ended in Dec. 2023 was 0.33.

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 China Shanshui Cement Group's Debt-to-Equity or its related term are showing as below:

HKSE:00691' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.69 Max: 4.86
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of China Shanshui Cement Group was 4.86. The lowest was 0.14. And the median was 0.69.

HKSE:00691's Debt-to-Equity is ranked better than
55.52% of 353 companies
in the Building Materials industry
Industry Median: 0.38 vs HKSE:00691: 0.33

China Shanshui Cement Group Debt-to-Equity Historical Data

The historical data trend for China Shanshui Cement Group'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.

China Shanshui Cement Group Debt-to-Equity Chart

China Shanshui Cement Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.50

0.31

0.14

0.24

0.33

China Shanshui Cement Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.21	0.24	0.33	0.33

Competitive Comparison of China Shanshui Cement Group's Debt-to-Equity

For the Building Materials subindustry, China Shanshui Cement Group'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.

China Shanshui Cement Group's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Shanshui Cement Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Shanshui Cement Group's Debt-to-Equity falls into.

China Shanshui Cement Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Shanshui Cement Group'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
	=	(5738.289	+	933.235)	/	20048.239
	=	0.33

China Shanshui Cement Group's Debt to Equity Ratio for the quarter 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
	=	(5738.289	+	933.235)	/	20048.239
	=	0.33

China Shanshui Cement Group (HKSE:00691) 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.

China Shanshui Cement Group Debt-to-Equity Related Terms

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China Shanshui Cement Group (HKSE:00691) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Shanshui Cement Group Ltd (HKSE:00691) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shanshui Industrial Park, Gushan Town, Changqing District, Shandong, Jinan, CHN, 250307

Website

http://www.shanshuicement.com

China Shanshui Cement Group Ltd is a cement producer in China. The company manufactures and sells cement, clinker, and concrete in several provinces of China. Its geographic segments include Shandong Province which contributes to the majority of revenue and several other provinces of China that include Northeastern China, Shanxi Province, and Xinjiang Region. Its products are used for national key projects, railways, highways, airports, real estates and other infrastructure construction and exported to more than 60 countries and other international markets.

Executives

Bo Hai Yin Hang Gu Fen You Xian Gong Si Da Lian Fen Hang	2106 Person having a security interest in shares
Shen Neng International Spc - Green Planet Sp	2101 Beneficial owner
Shen Neng Investment Management Limited	2101 Beneficial owner
Li Fengluan	2201 Interest of corporation controlled by you
Li Liufa	2201 Interest of corporation controlled by you
Tianrui (international) Holding Company Limited	2101 Beneficial owner
Tianrui Group Company Limited	2201 Interest of corporation controlled by you
Asia Cement Corporation	2101 Beneficial owner
Yu Yuan Investment Corporation Limited	2101 Beneficial owner
China Building Material Holdings Co., Limited	2101 Beneficial owner
China National Building Material Company Limited	2201 Interest of corporation controlled by you
China National Building Material Group Co., Ltd.	2201 Interest of corporation controlled by you

China Shanshui Cement Group (HKSE:00691) Headlines

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