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QiaoYin City Management Co (SZSE:002973) Debt-to-Equity : 1.69 (As of Mar. 2024)


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What is QiaoYin City Management Co Debt-to-Equity?

QiaoYin City Management Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,368 Mil. QiaoYin City Management Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,486 Mil. QiaoYin City Management Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,286 Mil. QiaoYin City Management Co's debt to equity for the quarter that ended in Mar. 2024 was 1.69.

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 QiaoYin City Management Co's Debt-to-Equity or its related term are showing as below:

SZSE:002973' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 1.42   Max: 1.83
Current: 1.69

During the past 9 years, the highest Debt-to-Equity Ratio of QiaoYin City Management Co was 1.83. The lowest was 0.08. And the median was 1.42.

SZSE:002973's Debt-to-Equity is ranked worse than
88.99% of 218 companies
in the Waste Management industry
Industry Median: 0.72 vs SZSE:002973: 1.69

QiaoYin City Management Co Debt-to-Equity Historical Data

The historical data trend for QiaoYin City Management 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.

QiaoYin City Management Co Debt-to-Equity Chart

QiaoYin City Management Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 1.07 1.42 1.66 1.71 1.66

QiaoYin City Management 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 1.72 1.83 1.76 1.66 1.69

Competitive Comparison of QiaoYin City Management Co's Debt-to-Equity

For the Waste Management subindustry, QiaoYin City Management 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.


QiaoYin City Management Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, QiaoYin City Management Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where QiaoYin City Management Co's Debt-to-Equity falls into.



QiaoYin City Management Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

QiaoYin City Management Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

QiaoYin City Management 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.


QiaoYin City Management Co  (SZSE:002973) 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.


QiaoYin City Management Co Debt-to-Equity Related Terms

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QiaoYin City Management Co (SZSE:002973) Business Description

Traded in Other Exchanges
N/A
Address
371 Wushan Road, 10th Floor, Zhonggong Education Building, Tianhe District, Guangdong, Guangzhou, CHN, 510640
QiaoYin City Management Co Ltd is a provider of urban and rural environmental sanitation management services. The company's business includes sanitation integrated management services, waste classification, sanitation infrastructure investment and construction, biomass treatment, leachate sludge disposal, soil restoration, public facilities and environmental management, repair of black and odorous water bodies, municipal road maintenance, and pipe network maintenance.
Executives
Liu Shao Yun Directors, executives
Li Rui Xi Secretary Dong
Ren Hong Tao Supervisors
Ceng Zhi Ming Supervisors

QiaoYin City Management Co (SZSE:002973) Headlines

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