Great Wall Motor Co (HKSE:02333) Debt-to-Equity : 0.85 (As of Dec. 2023)

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What is Great Wall Motor Co Debt-to-Equity?

Great Wall Motor Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$44,315 Mil. Great Wall Motor Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$19,043 Mil. Great Wall Motor Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$74,925 Mil. Great Wall Motor Co's debt to equity for the quarter that ended in Dec. 2023 was 0.85.

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 Great Wall Motor Co's Debt-to-Equity or its related term are showing as below:

HKSE:02333' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.28 Max: 0.93
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Great Wall Motor Co was 0.93. The lowest was 0.00. And the median was 0.28.

HKSE:02333's Debt-to-Equity is ranked worse than
68.9% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs HKSE:02333: 0.85

Great Wall Motor Co Debt-to-Equity Historical Data

The historical data trend for Great Wall Motor 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.

* Premium members only.

Great Wall Motor Co Debt-to-Equity Chart

Great Wall Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.35

0.93

0.85

Great Wall Motor 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															0.46	0.51	0.48	0.85	N/A

Competitive Comparison of Great Wall Motor Co's Debt-to-Equity

For the Auto Manufacturers subindustry, Great Wall Motor 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.

Great Wall Motor Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Great Wall Motor Co's Debt-to-Equity falls into.

Great Wall Motor Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Great Wall Motor 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
	=	(44314.839	+	19043.471)	/	74924.525
	=	0.85

Great Wall Motor Co'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
	=	(44314.839	+	19043.471)	/	74924.525
	=	0.85

Great Wall Motor Co (HKSE:02333) 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.

Great Wall Motor Co Debt-to-Equity Related Terms

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Great Wall Motor Co (HKSE:02333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Great Wall Motor Co Ltd (HKSE:02333) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GWLLY:USA GWLLF:USA GRV:Germany 601633:China

Address

No. 2266 Chaoyang Road South, Hebei Province, Baoding, CHN, 071000

Website

https://www.gwm.com.cn

Chinese automobile manufacturer Great Wall Motor is China's market leader in the SUV and pickup truck segments. In 2022, the company sold over 615,000 Haval-branded SUVs and 160,000 WEY- and Tank-branded SUVs, making it the largest SUV manufacturer by sales volume for the 12th year. It also sold more than 195,000 pickup trucks, also ranked number one in sales volume for 25 consecutive years. China's domestic market accounts for about 90% of Great Wall's revenue, with the balance coming from Russia, the Middle East, South Africa, Australia, and Chile, among others.

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