China Grand Automotive Services Group Co (SHSE:600297) Debt-to-Equity : 1.25 (As of Mar. 2024)

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What is China Grand Automotive Services Group Co Debt-to-Equity?

China Grand Automotive Services Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥36,247 Mil. China Grand Automotive Services Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12,390 Mil. China Grand Automotive Services Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥39,042 Mil. China Grand Automotive Services Group Co's debt to equity for the quarter that ended in Mar. 2024 was 1.25.

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 China Grand Automotive Services Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:600297' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 1.44 Max: 2.28
Current: 1.25

During the past 13 years, the highest Debt-to-Equity Ratio of China Grand Automotive Services Group Co was 2.28. The lowest was 0.07. And the median was 1.44.

SHSE:600297's Debt-to-Equity is ranked worse than
80.24% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SHSE:600297: 1.25

China Grand Automotive Services Group Co Debt-to-Equity Historical Data

The historical data trend for China Grand Automotive Services 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.

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China Grand Automotive Services Group Co Debt-to-Equity Chart

China Grand Automotive Services Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.42

1.54

1.46

1.43

1.34

China Grand Automotive Services 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															1.43	1.44	1.38	1.34	1.25

Competitive Comparison of China Grand Automotive Services Group Co's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, China Grand Automotive Services 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.

China Grand Automotive Services Group Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Grand Automotive Services Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Grand Automotive Services Group Co's Debt-to-Equity falls into.

China Grand Automotive Services Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Grand Automotive Services 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
	=	(41599.568	+	10773.019)	/	38974.588
	=	1.34

China Grand Automotive Services 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
	=	(36247.063	+	12389.675)	/	39042.461
	=	1.25

China Grand Automotive Services Group Co (SHSE:600297) 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.

China Grand Automotive Services Group Co Debt-to-Equity Related Terms

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China Grand Automotive Services Group Co (SHSE:600297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Grand Automotive Services Group Co Ltd (SHSE:600297) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3998 Hongjing Road, Baoxin Building, Hongqiao Town, Minhang District, Shanghai, CHN, 201103

Website

http://www.chinagrandauto.com

China Grand Automotive Services Group Co Ltd is a vehicle dealership and automotive services company. It owns and operates vehicle dealership groups in China. It retails new and used as well as spare parts; rents cars; and provides after-sales service. The company is based in Shanghai, China.

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