Sichuan Fulin Transportation Group Co (SZSE:002357) Debt-to-Equity : 0.37 (As of Mar. 2024)

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What is Sichuan Fulin Transportation Group Co Debt-to-Equity?

Sichuan Fulin Transportation Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥504.9 Mil. Sichuan Fulin Transportation Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥50.7 Mil. Sichuan Fulin Transportation Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,510.3 Mil. Sichuan Fulin Transportation Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.37.

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 Sichuan Fulin Transportation Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:002357' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.43 Max: 0.8
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Sichuan Fulin Transportation Group Co was 0.80. The lowest was 0.08. And the median was 0.43.

SZSE:002357's Debt-to-Equity is ranked better than
61.07% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs SZSE:002357: 0.37

Sichuan Fulin Transportation Group Co Debt-to-Equity Historical Data

The historical data trend for Sichuan Fulin Transportation 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.

Sichuan Fulin Transportation Group Co Debt-to-Equity Chart

Sichuan Fulin Transportation Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

0.38

0.43

0.38

Sichuan Fulin Transportation Group 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															0.43	0.37	0.36	0.38	0.37

Competitive Comparison of Sichuan Fulin Transportation Group Co's Debt-to-Equity

For the Railroads subindustry, Sichuan Fulin Transportation 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.

Sichuan Fulin Transportation Group Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sichuan Fulin Transportation Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sichuan Fulin Transportation Group Co's Debt-to-Equity falls into.

Sichuan Fulin Transportation Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sichuan Fulin Transportation 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
	=	(506.209	+	50.17)	/	1460.469
	=	0.38

Sichuan Fulin Transportation 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
	=	(504.855	+	50.725)	/	1510.32
	=	0.37

Sichuan Fulin Transportation Group Co (SZSE:002357) 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.

Sichuan Fulin Transportation Group Co Debt-to-Equity Related Terms

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Sichuan Fulin Transportation Group Co (SZSE:002357) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sichuan Fulin Transportation Group Co Ltd (SZSE:002357) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 239, Guangfu Road, Building 29, Area N, Qingyang District, Chengdu, CHN, 610091

Website

http://www.scflyy.cn

Sichuan Fulin Transportation Group Co Ltd is a China-based company engaged in passenger and freight transport. It also offers related extended services such as passenger and freight transportation services, charter services, a sale of petroleum products, road passenger transportation, and taxi management, urban bus operation, vehicle maintenance, vehicle inspection, driving and training services, and insurance concurrent agency.

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