Beijing Changjiu Logistics (SHSE:603569) Debt-to-Equity : 0.41 (As of Mar. 2024)

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What is Beijing Changjiu Logistics Debt-to-Equity?

Beijing Changjiu Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥869 Mil. Beijing Changjiu Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥331 Mil. Beijing Changjiu Logistics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,954 Mil. Beijing Changjiu Logistics's debt to equity for the quarter that ended in Mar. 2024 was 0.41.

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 Beijing Changjiu Logistics's Debt-to-Equity or its related term are showing as below:

SHSE:603569' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.61 Max: 0.78
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Beijing Changjiu Logistics was 0.78. The lowest was 0.07. And the median was 0.61.

SHSE:603569's Debt-to-Equity is ranked better than
58.5% of 882 companies
in the Transportation industry
Industry Median: 0.55 vs SHSE:603569: 0.41

Beijing Changjiu Logistics Debt-to-Equity Historical Data

The historical data trend for Beijing Changjiu Logistics'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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Beijing Changjiu Logistics Debt-to-Equity Chart

Beijing Changjiu Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.71

0.77

0.75

0.42

Beijing Changjiu Logistics 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															0.76	0.74	0.52	0.42	0.41

Competitive Comparison of Beijing Changjiu Logistics's Debt-to-Equity

For the Trucking subindustry, Beijing Changjiu Logistics'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.

Beijing Changjiu Logistics's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Beijing Changjiu Logistics's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Beijing Changjiu Logistics's Debt-to-Equity falls into.

Beijing Changjiu Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing Changjiu Logistics'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
	=	(981.41	+	265.464)	/	2942.675
	=	0.42

Beijing Changjiu Logistics'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
	=	(868.839	+	331.468)	/	2953.724
	=	0.41

Beijing Changjiu Logistics (SHSE:603569) 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.

Beijing Changjiu Logistics Debt-to-Equity Related Terms

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Beijing Changjiu Logistics (SHSE:603569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Beijing Changjiu Logistics Corp (SHSE:603569) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dongsanhuan North Road, 7th Floor, Block B, Jiacheng Plaza, No. 18 Xiaguangli, Chaoyang District, Beijing, CHN, 101300

Website

http://www.changjiulogistics.com.cn

Beijing Changjiu Logistics Corp provides logistics, warehousing, and distribution services. It also provides automotive logistics planning, inbound logistics, outbound logistics, second-car logistics for finished-vehicles and parts to OEMs and dealers and other related services to passenger and commercial vehicles, used cars, and auto parts. Its services include vehicle, used car, parts, pre-production, after-sale, and international logistics; and warehousing.

Executives

Li Wan Jun

Supervisors

Beijing Changjiu Logistics (SHSE:603569) Headlines

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