Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Debt-to-Equity : 3.22 (As of Mar. 2024)

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What is Shanghai DOBE Cultural & Creative Industry Development (Group) Co Debt-to-Equity?

Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥521 Mil. Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,560 Mil. Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,268 Mil. Shanghai DOBE Cultural & Creative Industry Development (Group) Co's debt to equity for the quarter that ended in Mar. 2024 was 3.22.

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 Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Debt-to-Equity or its related term are showing as below:

SZSE:300947' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 2.62 Max: 4
Current: 3.22

During the past 8 years, the highest Debt-to-Equity Ratio of Shanghai DOBE Cultural & Creative Industry Development (Group) Co was 4.00. The lowest was 0.01. And the median was 2.62.

SZSE:300947's Debt-to-Equity is ranked worse than
93.07% of 923 companies
in the Business Services industry
Industry Median: 0.37 vs SZSE:300947: 3.22

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Debt-to-Equity Historical Data

The historical data trend for Shanghai DOBE Cultural & Creative Industry Development (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.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Debt-to-Equity Chart

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

4.00

2.62

3.24

3.23

Shanghai DOBE Cultural & Creative Industry Development (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															3.20	3.26	3.21	3.23	3.22

Competitive Comparison of Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Debt-to-Equity

For the Specialty Business Services subindustry, Shanghai DOBE Cultural & Creative Industry Development (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.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Debt-to-Equity falls into.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai DOBE Cultural & Creative Industry Development (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
	=	(452.202	+	3706.638)	/	1286.237
	=	3.23

Shanghai DOBE Cultural & Creative Industry Development (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
	=	(520.536	+	3560.085)	/	1268.34
	=	3.22

Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) 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.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Debt-to-Equity Related Terms

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Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai DOBE Cultural & Creative Industry Development (Group) Co Ltd (SZSE:300947) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.492, Anhua Road, Room 707, Building 1, Changning District, Shanghai, CHN, 200050

Website

http://www.dobechina.com

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Ltd is a professional service provider dedicated towards the development of cultural and technological enterprises. DoBe not only provides enterprises with a comfortable, ecological, and personalized high-quality office environment, but also provides entrepreneurial services, brand promotion, financial consulting, business registration and others.

Executives

Jia Bo

Director

Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Headlines

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