Shenzhen Investment Holdings Bay Area Development Co (HKSE:00737) Debt-to-Equity : 0.85 (As of Dec. 2023)

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What is Shenzhen Investment Holdings Bay Area Development Co Debt-to-Equity?

Shenzhen Investment Holdings Bay Area Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,998.2 Mil. Shenzhen Investment Holdings Bay Area Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,426.8 Mil. Shenzhen Investment Holdings Bay Area Development Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$5,196.8 Mil. Shenzhen Investment Holdings Bay Area Development Co's debt to equity for the quarter that ended in Dec. 2023 was 0.85.

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 Shenzhen Investment Holdings Bay Area Development Co's Debt-to-Equity or its related term are showing as below:

HKSE:00737' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 0.88
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Shenzhen Investment Holdings Bay Area Development Co was 0.88. The lowest was 0.03. And the median was 0.13.

HKSE:00737's Debt-to-Equity is ranked worse than
71.15% of 1508 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:00737: 0.85

Shenzhen Investment Holdings Bay Area Development Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Investment Holdings Bay Area 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.

Shenzhen Investment Holdings Bay Area Development Co Debt-to-Equity Chart

Shenzhen Investment Holdings Bay Area Development Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.13

0.23

0.88

0.85

Shenzhen Investment Holdings Bay Area Development Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.88	0.89	0.87	0.85	N/A

Competitive Comparison of Shenzhen Investment Holdings Bay Area Development Co's Debt-to-Equity

For the Infrastructure Operations subindustry, Shenzhen Investment Holdings Bay Area 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.

Shenzhen Investment Holdings Bay Area Development Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Investment Holdings Bay Area Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen Investment Holdings Bay Area Development Co's Debt-to-Equity falls into.

Shenzhen Investment Holdings Bay Area Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Investment Holdings Bay Area 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
	=	(1998.221	+	2426.83)	/	5196.778
	=	0.85

Shenzhen Investment Holdings Bay Area Development Co'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
	=	(1998.221	+	2426.83)	/	5196.778
	=	0.85

Shenzhen Investment Holdings Bay Area Development Co (HKSE:00737) 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.

Shenzhen Investment Holdings Bay Area Development Co Debt-to-Equity Related Terms

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

Shenzhen Investment Holdings Bay Area Development Co (HKSE:00737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Investment Holdings Bay Area Development Co Ltd (HKSE:00737) » Definitions » Debt-to-Equity

Traded in Other Exchanges

SIHBY:USA SHIHF:USA 80737:Hong Kong HHI0:Germany

Address

30 Harbour Road, Rooms 4902-4916, 49th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.sihbay.com

Shenzhen Investment Holdings Bay Area Development Co Ltd is an investment holding company that is engaged in the initiation, promotion, development, and operation of toll expressways and bridges in China. The company manages its business in four segments namely Guangzhou-Shenzhen Superhighway, Guangzhou-Zhuhai West Superhighway, Coastal Expressway, and Xintang Interchange. It generates most of the revenue from the Guangzhou-Shenzhen Superhighway segment.

Shenzhen Investment Holdings Bay Area Development Co (HKSE:00737) Headlines

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