Sunfonda Group Holdings (HKSE:01771) Debt-to-Equity : 1.06 (As of Dec. 2023)

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What is Sunfonda Group Holdings Debt-to-Equity?

Sunfonda Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,000 Mil. Sunfonda Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$855 Mil. Sunfonda Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,694 Mil. Sunfonda Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.06.

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 Sunfonda Group Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01771' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.78 Med: 1.01 Max: 1.17
Current: 1.06

During the past 11 years, the highest Debt-to-Equity Ratio of Sunfonda Group Holdings was 1.17. The lowest was 0.78. And the median was 1.01.

HKSE:01771's Debt-to-Equity is ranked worse than
75.53% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs HKSE:01771: 1.06

Sunfonda Group Holdings Debt-to-Equity Historical Data

The historical data trend for Sunfonda Group Holdings'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.

Sunfonda Group Holdings Debt-to-Equity Chart

Sunfonda Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.10

0.87

0.98

1.05

1.06

Sunfonda Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.98	1.05	1.05	0.98	1.06

Competitive Comparison of Sunfonda Group Holdings's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Sunfonda Group Holdings'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.

Sunfonda Group Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Sunfonda Group Holdings's Debt-to-Equity falls into.

Sunfonda Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunfonda Group Holdings'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
	=	(1999.953	+	854.521)	/	2693.811
	=	1.06

Sunfonda Group Holdings's Debt to Equity Ratio for the quarter 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
	=	(1999.953	+	854.521)	/	2693.811
	=	1.06

Sunfonda Group Holdings (HKSE:01771) 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.

Sunfonda Group Holdings Debt-to-Equity Related Terms

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Sunfonda Group Holdings (HKSE:01771) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sunfonda Group Holdings Ltd (HKSE:01771) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1555 Ouya 1st Road, Sunfonda Automobile Center, Beichen Avenue, Shaanxi Province, Chanba Ecological District, Xi’an, CHN, 710021

Website

https://www.sunfonda.com.cn

Sunfonda Group Holdings Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the sale and service of luxury and ultra-luxury car brands in Mainland China. The Group operates in one business unit based on its products, and has one reportable segment, which is the sale of motor vehicles and the provision of related services. In 2021, the Linxia GAC Toyota store in Gansu, the Wuhan BMW store, the Wuxi GAC Toyota store, were successively put into operation, of which the Wuhan BMW Store has the first 4S store of the Group in Central China. In addition, the Group has been authorized to set up new stores including Xi'an Porsche, Yinchuan BMW and Xining BMW and pending commencement of business.

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