New Dazheng Property Group Co (SZSE:002968) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is New Dazheng Property Group Co Debt-to-Equity?

New Dazheng Property Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥22 Mil. New Dazheng Property Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥48 Mil. New Dazheng Property Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,222 Mil. New Dazheng Property Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 New Dazheng Property Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:002968' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.14
Current: 0.06

During the past 9 years, the highest Debt-to-Equity Ratio of New Dazheng Property Group Co was 0.14. The lowest was 0.01. And the median was 0.04.

SZSE:002968's Debt-to-Equity is ranked better than
90.73% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs SZSE:002968: 0.06

New Dazheng Property Group Co Debt-to-Equity Historical Data

The historical data trend for New Dazheng Property 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.

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New Dazheng Property Group Co Debt-to-Equity Chart

New Dazheng Property Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.03

0.04

0.05

New Dazheng Property 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															0.03	0.03	0.05	0.05	0.06

Competitive Comparison of New Dazheng Property Group Co's Debt-to-Equity

For the Real Estate Services subindustry, New Dazheng Property 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.

New Dazheng Property Group Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New Dazheng Property Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where New Dazheng Property Group Co's Debt-to-Equity falls into.

New Dazheng Property Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Dazheng Property 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
	=	(21.021	+	40.223)	/	1193.721
	=	0.05

New Dazheng Property 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
	=	(21.874	+	47.684)	/	1221.819
	=	0.06

New Dazheng Property Group Co (SZSE:002968) 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.

New Dazheng Property Group Co Debt-to-Equity Related Terms

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New Dazheng Property Group Co (SZSE:002968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Dazheng Property Group Co Ltd (SZSE:002968) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

19th floor, No. 9 Shangqingsi Road, Yuzhong District, Chongqing, CHN

Website

https://www.dzwy.com

Chongqing new dazheng property group Co Ltd is engaged in management and operation of public buildings and facilities in China. Its portfolio includes public parks, medical care, parks, stadiums, subways, airports, government agencies, office buildings, schools, residences, shopping malls, among others.

Executives

Gao Wen Tian	Executives
Liu Wen Bo	Directors, executives
Weng Jia Lin	Secretary Dong
Tian Wei Zheng	Executives
Yang Tan	Executives
Xiong Shu Ying	Director
Ke Xian Yang	Executives
Wang Ping	Executives
He Xiao Mei	Executives
Kuang Chuan	Executives

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