EZGO Technologies (EZGO Technologies) Debt-to-Equity : 0.10 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is EZGO Technologies Debt-to-Equity?

EZGO Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.71 Mil. EZGO Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.39 Mil. EZGO Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $63.39 Mil. EZGO Technologies's debt to equity for the quarter that ended in Sep. 2023 was 0.10.

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 EZGO Technologies's Debt-to-Equity or its related term are showing as below:

EZGO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.52
Current: 0.1

During the past 6 years, the highest Debt-to-Equity Ratio of EZGO Technologies was 0.52. The lowest was 0.01. And the median was 0.09.

EZGO's Debt-to-Equity is ranked better than
83.86% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs EZGO: 0.10

EZGO Technologies Debt-to-Equity Historical Data

The historical data trend for EZGO Technologies'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.

EZGO Technologies Debt-to-Equity Chart

EZGO Technologies Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

0.52

0.04

0.01

0.09

0.10

EZGO Technologies Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						0.01	0.12	0.09	0.03	0.10

Competitive Comparison of EZGO Technologies's Debt-to-Equity

For the Recreational Vehicles subindustry, EZGO Technologies'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.

EZGO Technologies's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, EZGO Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where EZGO Technologies's Debt-to-Equity falls into.

EZGO Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EZGO Technologies's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(1.712	+	4.386)	/	63.392
	=	0.10

EZGO Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.712	+	4.386)	/	63.392
	=	0.10

EZGO Technologies (NAS:EZGO) 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.

EZGO Technologies Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of EZGO Technologies's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

EZGO Technologies (EZGO Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EZGO Technologies Ltd (NAS:EZGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Changzhou Institute of Dalian University of Technology, Building No. A, Floor 2, Science and Education Town, Wujin District, Jiangsu, Changzhou, CHN, 213164

Website

https://www.ezgotech.com.cn

EZGO Technologies Ltd is engaged in the sale of e-bicycles and battery and e-bicycle rentals, complemented by the sale of battery packs, battery cell trading and charging pile business. Its product categories include e-bicycle, e-motorcycle and e-moped and urban style e-tricycle. Its segments include the Battery cells and packs and the E-bicycle sales segment. The company generates maximum revenue from the E-bicycle segment.