Southern Publishing and Media Co (SHSE:601900) Debt-to-Equity : 0.18 (As of Mar. 2024)

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What is Southern Publishing and Media Co Debt-to-Equity?

Southern Publishing and Media Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥155 Mil. Southern Publishing and Media Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,328 Mil. Southern Publishing and Media Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,099 Mil. Southern Publishing and Media Co's debt to equity for the quarter that ended in Mar. 2024 was 0.18.

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 Southern Publishing and Media Co's Debt-to-Equity or its related term are showing as below:

SHSE:601900' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.18
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Southern Publishing and Media Co was 0.18. The lowest was 0.00. And the median was 0.05.

SHSE:601900's Debt-to-Equity is ranked better than
60.21% of 842 companies
in the Media - Diversified industry
Industry Median: 0.29 vs SHSE:601900: 0.18

Southern Publishing and Media Co Debt-to-Equity Historical Data

The historical data trend for Southern Publishing and Media 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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Southern Publishing and Media Co Debt-to-Equity Chart

Southern Publishing and Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.05

0.11

0.13

0.17

Southern Publishing and Media 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															0.13	0.15	0.16	0.17	0.18

Competitive Comparison of Southern Publishing and Media Co's Debt-to-Equity

For the Publishing subindustry, Southern Publishing and Media 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.

Southern Publishing and Media Co's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Southern Publishing and Media Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Southern Publishing and Media Co's Debt-to-Equity falls into.

Southern Publishing and Media Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southern Publishing and Media 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
	=	(154.837	+	1154.88)	/	7946.327
	=	0.16

Southern Publishing and Media 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
	=	(154.831	+	1328.004)	/	8098.627
	=	0.18

Southern Publishing and Media Co (SHSE:601900) 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.

Southern Publishing and Media Co Debt-to-Equity Related Terms

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Southern Publishing and Media Co (SHSE:601900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Southern Publishing and Media Co Ltd (SHSE:601900) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Huanshi East Road, 11th Floor, No. 472, Yuexiu District, Guangdong Province, Guangzhou, CHN, 510075

Website

http://www.nfcb.com.cn

Southern Publishing and Media Co Ltd is a publishing company. The company operates as editors, publisher, distributor, wholesaler and retailer books, newspapers, audio-visual products, electronic publications, online books, framework media and other media products, newspapers and periodicals, packaging and decoration printing, printing materials sales, publications import and export.

Southern Publishing and Media Co (SHSE:601900) Headlines

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