Deewin Tianxia Co (HKSE:02418) Debt-to-Equity : 1.41 (As of Dec. 2023)

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What is Deewin Tianxia Co Debt-to-Equity?

Deewin Tianxia Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4,522 Mil. Deewin Tianxia Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$613 Mil. Deewin Tianxia Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,632 Mil. Deewin Tianxia Co's debt to equity for the quarter that ended in Dec. 2023 was 1.41.

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 Deewin Tianxia Co's Debt-to-Equity or its related term are showing as below:

HKSE:02418' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.4 Med: 2.17 Max: 2.8
Current: 1.41

During the past 5 years, the highest Debt-to-Equity Ratio of Deewin Tianxia Co was 2.80. The lowest was 1.40. And the median was 2.17.

HKSE:02418's Debt-to-Equity is ranked worse than
84.27% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs HKSE:02418: 1.41

Deewin Tianxia Co Debt-to-Equity Historical Data

The historical data trend for Deewin Tianxia 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.

Deewin Tianxia Co Debt-to-Equity Chart

Deewin Tianxia Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.68

2.80

2.17

1.40

1.41

Deewin Tianxia Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			2.17	2.46	1.40	1.25	1.41

Competitive Comparison of Deewin Tianxia Co's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Deewin Tianxia 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.

Deewin Tianxia Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Deewin Tianxia Co's Debt-to-Equity falls into.

Deewin Tianxia Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Deewin Tianxia 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
	=	(4521.621	+	613.215)	/	3631.562
	=	1.41

Deewin Tianxia 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
	=	(4521.621	+	613.215)	/	3631.562
	=	1.41

Deewin Tianxia Co (HKSE:02418) 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.

Deewin Tianxia Co Debt-to-Equity Related Terms

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Deewin Tianxia Co (HKSE:02418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Deewin Tianxia Co Ltd (HKSE:02418) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 West Section of Xijin Road, Building 1, Jingwei Centre, 16th Floor, Unit 1, Economic and Technological Development Zone, Jingwei New City, Shaanxi, Xi’an, CHN

Website

http://www.deewintx.com

Deewin Tianxia Co Ltd is principally engaged in the business of logistics and supply chain service including supply chain business, automobile sales business and aftermarket product business, supply chain financial service including financial leasing business, factoring business and insurance brokerage business, and internet of vehicle and data service in China to players along the commercial automobile industry chain. Commercial automobiles, mainly include trucks, pickups, trailers, buses and lorries.

Deewin Tianxia Co (HKSE:02418) Headlines

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