Guosheng Financial Holding (SZSE:002670) Debt-to-Equity : 1.24 (As of Mar. 2024)

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What is Guosheng Financial Holding Debt-to-Equity?

Guosheng Financial Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12,877 Mil. Guosheng Financial Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥709 Mil. Guosheng Financial Holding's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥10,973 Mil. Guosheng Financial Holding's debt to equity for the quarter that ended in Mar. 2024 was 1.24.

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 Guosheng Financial Holding's Debt-to-Equity or its related term are showing as below:

SZSE:002670' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.74 Max: 1.47
Current: 1.24

During the past 13 years, the highest Debt-to-Equity Ratio of Guosheng Financial Holding was 1.47. The lowest was 0.04. And the median was 0.74.

SZSE:002670's Debt-to-Equity is ranked worse than
88.18% of 296 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs SZSE:002670: 1.24

Guosheng Financial Holding Debt-to-Equity Historical Data

The historical data trend for Guosheng Financial Holding'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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Guosheng Financial Holding Debt-to-Equity Chart

Guosheng Financial Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.15

0.86

0.72

0.59

0.80

Guosheng Financial Holding 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															0.79	0.85	0.73	0.80	1.24

Competitive Comparison of Guosheng Financial Holding's Debt-to-Equity

For the Financial Conglomerates subindustry, Guosheng Financial Holding'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.

Guosheng Financial Holding's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Guosheng Financial Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Guosheng Financial Holding's Debt-to-Equity falls into.

Guosheng Financial Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Guosheng Financial Holding'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
	=	(8193.103	+	588.954)	/	10929.152
	=	0.80

Guosheng Financial Holding'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
	=	(12877.324	+	708.78)	/	10973.215
	=	1.24

Guosheng Financial Holding (SZSE:002670) 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.

Guosheng Financial Holding Debt-to-Equity Related Terms

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

Guosheng Financial Holding (SZSE:002670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Guosheng Financial Holding Inc (SZSE:002670) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 5033 Yitian Road, 101F , Ping An Financial Center, Futian District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.guoshengjinkong.com

Guosheng Financial Holding Inc is a China based integrated financial service group. It provides financial products and services including securities, investment, finance and technology. The company focuses on building brokerage and securities research, institutional securities, credit, investment management and internet finance, leading to provide customers with a chain of financial services.

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