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Yantai Yuancheng Gold Co (SHSE:600766) Debt-to-Equity : 0.39 (As of Mar. 2024)


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What is Yantai Yuancheng Gold Co Debt-to-Equity?

Yantai Yuancheng Gold Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥26.0 Mil. Yantai Yuancheng Gold Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Yantai Yuancheng Gold Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥66.9 Mil. Yantai Yuancheng Gold Co's debt to equity for the quarter that ended in Mar. 2024 was 0.39.

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 Yantai Yuancheng Gold Co's Debt-to-Equity or its related term are showing as below:

SHSE:600766' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.52   Max: 1.55
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Yantai Yuancheng Gold Co was 1.55. The lowest was 0.00. And the median was 0.52.

SHSE:600766's Debt-to-Equity is ranked better than
67.34% of 1583 companies
in the Real Estate industry
Industry Median: 0.76 vs SHSE:600766: 0.39

Yantai Yuancheng Gold Co Debt-to-Equity Historical Data

The historical data trend for Yantai Yuancheng Gold 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.

Yantai Yuancheng Gold Co Debt-to-Equity Chart

Yantai Yuancheng Gold 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 - - - 0.35 0.55

Yantai Yuancheng Gold 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 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 0.52 0.52 0.16 0.55 0.39

Competitive Comparison of Yantai Yuancheng Gold Co's Debt-to-Equity

For the Real Estate - Development subindustry, Yantai Yuancheng Gold 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.


Yantai Yuancheng Gold Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Yantai Yuancheng Gold Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yantai Yuancheng Gold Co's Debt-to-Equity falls into.



Yantai Yuancheng Gold Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yantai Yuancheng Gold Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Yantai Yuancheng Gold Co's Debt to Equity Ratio for the quarter that ended in Mar. 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.


Yantai Yuancheng Gold Co  (SHSE:600766) 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.


Yantai Yuancheng Gold Co Debt-to-Equity Related Terms

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Yantai Yuancheng Gold Co (SHSE:600766) Business Description

Traded in Other Exchanges
N/A
Address
No. 261 South Street, Shandong Province, Yantai, CHN, 264000
Website
Yantai Yuancheng Gold Co Ltd is engaged in property development in China. The Company has a merchandise retail segment.
Executives
Xu Cheng Hui Director

Yantai Yuancheng Gold Co (SHSE:600766) Headlines

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