Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Shanghai Research Institute of Building Sciences Group Co Debt-to-Equity?

Shanghai Research Institute of Building Sciences Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12 Mil. Shanghai Research Institute of Building Sciences Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥36 Mil. Shanghai Research Institute of Building Sciences Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,480 Mil. Shanghai Research Institute of Building Sciences Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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 Shanghai Research Institute of Building Sciences Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:603153' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.02
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Shanghai Research Institute of Building Sciences Group Co was 0.02. The lowest was 0.00. And the median was 0.02.

SHSE:603153's Debt-to-Equity is ranked better than
99.93% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs SHSE:603153: 0.01

Shanghai Research Institute of Building Sciences Group Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Research Institute of Building Sciences Group 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.

Shanghai Research Institute of Building Sciences Group Co Debt-to-Equity Chart

Shanghai Research Institute of Building Sciences Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

Shanghai Research Institute of Building Sciences Group Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.01	0.02	0.02	0.01	0.01

Competitive Comparison of Shanghai Research Institute of Building Sciences Group Co's Debt-to-Equity

For the Engineering & Construction subindustry, Shanghai Research Institute of Building Sciences Group 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.

Shanghai Research Institute of Building Sciences Group Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shanghai Research Institute of Building Sciences Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Research Institute of Building Sciences Group Co's Debt-to-Equity falls into.

Shanghai Research Institute of Building Sciences Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Research Institute of Building Sciences Group 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
	=	(11.926	+	38.045)	/	3458.742
	=	0.01

Shanghai Research Institute of Building Sciences Group 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
	=	(11.884	+	35.559)	/	3479.587
	=	0.01

Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) 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.

Shanghai Research Institute of Building Sciences Group Co Debt-to-Equity Related Terms

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Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Research Institute of Building Sciences Group Co Ltd (SHSE:603153) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 75, Wanping South Road, Xuhui, Shanghai, CHN, 200032

Website

https://www.sribs.com

Shanghai Research Institute of Building Sciences Group Co Ltd is engaged in providing services of engineering consulting, testing and design in building, transportation and the environment. The company is undertaking generic technologies research and development in building, transportation and the environment. SRIBS operates a State Enterprise Research & Development Center, two state engineering test centers, over eight ministry-level R&D platforms, and several standardization committees and service platforms as well. The services of the company include Engineering Consulting, Engineering services, Construction, and Smart manufacturing. The company's Project portfolio includes the Shanghai center tower, the nine-star city, the Pudong football stadium, and others.

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