Kaixin Holdings (Kaixin Holdings) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Kaixin Holdings Debt-to-Equity?

Kaixin Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.73 Mil. Kaixin Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.24 Mil. Kaixin Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $45.58 Mil. Kaixin Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

KXIN' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.21 Med: 0.19 Max: 0.37
Current: 0.07

During the past 8 years, the highest Debt-to-Equity Ratio of Kaixin Holdings was 0.37. The lowest was -4.21. And the median was 0.19.

KXIN's Debt-to-Equity is ranked better than
87.07% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs KXIN: 0.07

Kaixin Holdings Debt-to-Equity Historical Data

The historical data trend for Kaixin 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.

Kaixin Holdings Debt-to-Equity Chart

Kaixin Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-4.21

0.37

0.31

0.07

Kaixin Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.37	1.59	0.31	0.10	0.07

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

For the Auto & Truck Dealerships subindustry, Kaixin 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.

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

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

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

Kaixin Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kaixin 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
	=	(2.729	+	0.238)	/	45.583
	=	0.07

Kaixin 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
	=	(2.729	+	0.238)	/	45.583
	=	0.07

Kaixin Holdings (NAS:KXIN) 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.

Kaixin Holdings Debt-to-Equity Related Terms

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Kaixin Holdings (Kaixin Holdings) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

K640:Germany

Address

Huagong Road, 9th Floor, Tower A, Dongjin International Center, Chaoyang District, Beijing, CHN, 100015

Website

https://ir.kaixin.com

Kaixin Auto Holdings is an auto retail platform for luxury used cars and imported new cars. The company is actively engaged in the research and development, design, manufacturing, and sales of electric vehicles and promotes the innovation of next-generation autonomous driving and artificial intelligence technologies. The company primarily generates revenues from sales of used cars, as well as fees obtained from its role as a channel partner for third-party auto financing and other value-added service providers.

Executives

Value Fund Shareholder	10 percent owner	SUITE 100-1004, 10F,ICBC TOWER, THREE GARDEN ROAD, CENTRAL, HONG KONG F4 0000000
Sing Wang	director	SUITE 1003-1004, 10/F, ICBC TOWER, THREE GARDEN ROAD, CENTRAL, HONG KONG F4 00000
Renren Inc.	10 percent owner	45 WEST BUCHANAN STREET, PHOENIX AZ 85003
Jun Ma	officer: Chief Technology Officer	C/O KAIXIN AUTO HOLDINGS, 5/F NORTH WING, 18 JIUXIANQUIAO NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Joseph Chen	director	23/F, JING AN CENTER, 8 NORTH THIRD RING, ROAD EAST, CHAOYANG DISTRICT, BEIJING F4 100028
Chen Ji	officer: Chief Executive Officer	C/O KAIXIN AUTO HOLDINGS, 5/F NORTH WING, 18 JIUXIANQUIAO NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Xiaoguang Li	officer: Vice President of Marketing	C/O KAIXIN AUTO HOLDINGS, 5/F NORTH WING, 18 JIUXIANQUIAO NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Lin Zhu	officer: VP of FP and CM	C/O KAIXIN AUTO HOLDINGS, 5/F NORTH WING, 18 JIUXIANQUIAO NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Lin Cong	director	C/O KAIXIN AUTO HOLDINGS, 5/F NORTH WING, 18 JIUXIANQUIAO NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Jinfeng Xie	officer: Chief Operating Officer	C/O KAIXIN AUTO HOLDINGS, 5/F NORTH WING, 18 JIUXIANQUIAO NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Suli Cui	officer: Vice President of Finance	C/O KAIXIN AUTO HOLDINGS, 5/F NORTH WING, 18 JIUXIANQUIAO NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Tianruo Pu	director	C/O KAIXIN AUTO HOLDINGS, 5/F NORTH WING, 18 JIUXIANQUIAO NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Thomas Jintao Ren	officer: Chief Financial Officer	C/O KAIXIN AUTO HOLDINGS, 5/F NORTH WING, 18 JIUXIANQUIAO NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
James Jian Liu	director	C/O KAIXIN AUTO HOLDINGS, 5/F NORTH WING, 18 JIUXIANQUIAO NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100016
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6