Jiuzi Holdings (Jiuzi Holdings) Debt-to-Equity : 0.35 (As of Apr. 2023)

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What is Jiuzi Holdings Debt-to-Equity?

Jiuzi Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $0.82 Mil. Jiuzi Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $0.39 Mil. Jiuzi Holdings's Total Stockholders Equity for the quarter that ended in Apr. 2023 was $3.51 Mil. Jiuzi Holdings's debt to equity for the quarter that ended in Apr. 2023 was 0.35.

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

JZXN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.33 Max: 0.61
Current: 0.35

During the past 5 years, the highest Debt-to-Equity Ratio of Jiuzi Holdings was 0.61. The lowest was 0.03. And the median was 0.33.

JZXN's Debt-to-Equity is ranked better than
60.53% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs JZXN: 0.35

Jiuzi Holdings Debt-to-Equity Historical Data

The historical data trend for Jiuzi 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.

Jiuzi Holdings Debt-to-Equity Chart

Jiuzi Holdings Annual Data

Trend

Oct18

Oct19

Oct20

Apr21

Oct22

Debt-to-Equity

0.61

Jiuzi Holdings Semi-Annual Data
	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Debt-to-Equity	Get a 7-Day Free Trial					-	0.03	0.30	0.61	0.35

Competitive Comparison of Jiuzi Holdings's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Jiuzi 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.

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

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

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

Jiuzi Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiuzi Holdings's Debt to Equity Ratio for the fiscal year that ended in Oct. 2022 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
	=	(3.21	+	0.394)	/	5.944
	=	0.61

Jiuzi Holdings's Debt to Equity Ratio for the quarter that ended in Apr. 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
	=	(0.824	+	0.392)	/	3.507
	=	0.35

Jiuzi Holdings (NAS:JZXN) 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.

Jiuzi Holdings Debt-to-Equity Related Terms

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Jiuzi Holdings (Jiuzi Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiuzi Holdings Inc (NAS:JZXN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168 Qianjiang Nongchang Gengwen Road, 15th Floor, Economic and Technological Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 310000

Website

http://m.zjjzxny.cn

Jiuzi Holdings Inc operates as a franchise under the brand name Jiuzi. It sells new energy vehicles in third-fourth tier cities in China. The firm also sells plug-in electric vehicles on-demand from vehicle buyers. Its business segments are sales of NEVs and Franchisees service. The company generates a majority of its revenue from NEVs segment. Geographically, the firm operates in China.