Greenland Holdings Group (SHSE:600606) Debt-to-Equity : 2.59 (As of Mar. 2024)

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What is Greenland Holdings Group Debt-to-Equity?

Greenland Holdings Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥95,777 Mil. Greenland Holdings Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥111,661 Mil. Greenland Holdings Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥79,972 Mil. Greenland Holdings Group's debt to equity for the quarter that ended in Mar. 2024 was 2.59.

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 Greenland Holdings Group's Debt-to-Equity or its related term are showing as below:

SHSE:600606' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.53 Med: 3.86 Max: 5.07
Current: 2.59

During the past 13 years, the highest Debt-to-Equity Ratio of Greenland Holdings Group was 5.07. The lowest was 1.53. And the median was 3.86.

SHSE:600606's Debt-to-Equity is ranked worse than
88.64% of 1584 companies
in the Real Estate industry
Industry Median: 0.76 vs SHSE:600606: 2.59

Greenland Holdings Group Debt-to-Equity Historical Data

The historical data trend for Greenland Holdings 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.

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Greenland Holdings Group Debt-to-Equity Chart

Greenland Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.87

3.76

2.63

2.35

2.58

Greenland Holdings Group 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															2.25	2.23	2.23	2.58	2.59

Competitive Comparison of Greenland Holdings Group's Debt-to-Equity

For the Real Estate Services subindustry, Greenland Holdings 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.

Greenland Holdings Group's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Greenland Holdings Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Greenland Holdings Group's Debt-to-Equity falls into.

Greenland Holdings Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greenland Holdings 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
	=	(99407.434	+	107554.059)	/	80339.661
	=	2.58

Greenland Holdings Group'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
	=	(95777.113	+	111661.476)	/	79972.484
	=	2.59

Greenland Holdings Group (SHSE:600606) 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.

Greenland Holdings Group Debt-to-Equity Related Terms

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

Greenland Holdings Group (SHSE:600606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greenland Holdings Group Corporation Ltd (SHSE:600606) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

700, Dapu Road, Shanghai, CHN, 200023

Website

http://www.ldjt.com.cn

Greenland Holdings Group Corporation Ltd is a China-based company.The company is principally engaged in the business of development, distribution, and leasing of property. Geographically, it operates in China, USA, Canada, UK, Australia and other countries. In addition, the company is also engaged in the finance business, commercial and hotel operation, metro investment industry, energy industry, and construction industry.

Greenland Holdings Group (SHSE:600606) Headlines

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