Sino Prima Gas Technology Co (SZSE:300483) Debt-to-Equity : 1.11 (As of Mar. 2024)

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What is Sino Prima Gas Technology Co Debt-to-Equity?

Sino Prima Gas Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥420 Mil. Sino Prima Gas Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,552 Mil. Sino Prima Gas Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,674 Mil. Sino Prima Gas Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 1.11.

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 Sino Prima Gas Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:300483' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.37 Max: 1.11
Current: 1.11

During the past 13 years, the highest Debt-to-Equity Ratio of Sino Prima Gas Technology Co was 1.11. The lowest was 0.03. And the median was 0.37.

SZSE:300483's Debt-to-Equity is ranked worse than
86.95% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs SZSE:300483: 1.11

Sino Prima Gas Technology Co Debt-to-Equity Historical Data

The historical data trend for Sino Prima Gas Technology 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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Sino Prima Gas Technology Co Debt-to-Equity Chart

Sino Prima Gas Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.44

0.40

0.80

0.71

0.92

Sino Prima Gas Technology 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															0.75	0.78	0.73	0.92	1.11

Competitive Comparison of Sino Prima Gas Technology Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Sino Prima Gas Technology 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.

Sino Prima Gas Technology Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sino Prima Gas Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sino Prima Gas Technology Co's Debt-to-Equity falls into.

Sino Prima Gas Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sino Prima Gas Technology 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
	=	(306.543	+	2174.097)	/	2684.959
	=	0.92

Sino Prima Gas Technology 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
	=	(420.008	+	2552.013)	/	2674.205
	=	1.11

Sino Prima Gas Technology Co (SZSE:300483) 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.

Sino Prima Gas Technology Co Debt-to-Equity Related Terms

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Sino Prima Gas Technology Co (SZSE:300483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sino Prima Gas Technology Co Ltd (SZSE:300483) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.5000, Yuanjiang Road, Minhang District, Shanghai, CHN, 201108

Website

http://www.worthgarden.com

Sino Prima Gas Technology Co Ltd formerly Shanghai Worth Garden Co Ltd is a service provider that focuses on the development, production, and sales of gardening products, engineering construction, and greening maintenance. Its products cover all aspects of horticultural life, including thousands of varieties and specifications, and a relatively complete horticultural product system. It offers garden hand tools, such as cutting tools, garden power tools, including lawn mowers, grass and hedge trimmers, and batteries and chargers, and garden watering products.

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