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Zhejiang Leapmotor Technology Co (HKSE:09863) Debt-to-Equity : 0.22 (As of Dec. 2023)


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What is Zhejiang Leapmotor Technology Co Debt-to-Equity?

Zhejiang Leapmotor Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,843 Mil. Zhejiang Leapmotor Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,161 Mil. Zhejiang Leapmotor Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$13,670 Mil. Zhejiang Leapmotor Technology Co's debt to equity for the quarter that ended in Dec. 2023 was 0.22.

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 Zhejiang Leapmotor Technology Co's Debt-to-Equity or its related term are showing as below:

HKSE:09863' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.31   Med: 0.13   Max: 0.27
Current: 0.22

During the past 5 years, the highest Debt-to-Equity Ratio of Zhejiang Leapmotor Technology Co was 0.27. The lowest was -4.31. And the median was 0.13.

HKSE:09863's Debt-to-Equity is ranked better than
71.33% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs HKSE:09863: 0.22

Zhejiang Leapmotor Technology Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Leapmotor Technology 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.

Zhejiang Leapmotor Technology Co Debt-to-Equity Chart

Zhejiang Leapmotor Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
-1.06 -4.31 0.13 0.27 0.22

Zhejiang Leapmotor Technology Co Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.13 N/A 0.27 0.43 0.22

Competitive Comparison of Zhejiang Leapmotor Technology Co's Debt-to-Equity

For the Auto Manufacturers subindustry, Zhejiang Leapmotor Technology 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.

Zhejiang Leapmotor Technology Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Zhejiang Leapmotor Technology Co's Debt-to-Equity falls into.


Zhejiang Leapmotor Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Leapmotor Technology 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
=(1843.339 + 1160.844) / 13670.263
=0.22

Zhejiang Leapmotor Technology 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
=(1843.339 + 1160.844) / 13670.263
=0.22

* 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.

Zhejiang Leapmotor Technology Co  (HKSE:09863) 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.

Zhejiang Leapmotor Technology Co Debt-to-Equity Related Terms

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Zhejiang Leapmotor Technology Co (HKSE:09863) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Leapmotor Technology Co Ltd (HKSE:09863) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:00489 HKSE:01585 HKSE:01114 HKSE:01958 HKSE:02451 HKSE:01122 HKSE:00175 TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F GM NSE:MARUTI LI
Traded in Other Exchanges
N/A
Address
No. 451 Wulianwang Street, 1st Floor, Binjiang District, Zhejiang Province, Hangzhou, CHN
Website
https://www.leapmotor.com
Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC.

Zhejiang Leapmotor Technology Co (HKSE:09863) Headlines

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