SunCar Technology Group (SunCar Technology Group) Debt-to-Equity : 5.24 (As of Dec. 2023)

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What is SunCar Technology Group Debt-to-Equity?

SunCar Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $83.8 Mil. SunCar Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.5 Mil. SunCar Technology Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $16.1 Mil. SunCar Technology Group's debt to equity for the quarter that ended in Dec. 2023 was 5.24.

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 SunCar Technology Group's Debt-to-Equity or its related term are showing as below:

SDA' s Debt-to-Equity Range Over the Past 10 Years
Min: -14.19 Med: 1.01 Max: 20.44
Current: 5.24

During the past 4 years, the highest Debt-to-Equity Ratio of SunCar Technology Group was 20.44. The lowest was -14.19. And the median was 1.01.

SDA's Debt-to-Equity is ranked worse than
98.47% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SDA: 5.24

SunCar Technology Group Debt-to-Equity Historical Data

The historical data trend for SunCar Technology Group'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.

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SunCar Technology Group Debt-to-Equity Chart

SunCar Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

20.44

-3.22

-14.19

5.24

SunCar Technology Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-3.22	34.52	-14.19	9.36	5.24

Competitive Comparison of SunCar Technology Group's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, SunCar Technology Group'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.

SunCar Technology Group's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where SunCar Technology Group's Debt-to-Equity falls into.

SunCar Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SunCar Technology Group'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
	=	(83.777	+	0.504)	/	16.078
	=	5.24

SunCar Technology Group'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
	=	(83.777	+	0.504)	/	16.078
	=	5.24

SunCar Technology Group (NAS:SDA) 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.

SunCar Technology Group Debt-to-Equity Related Terms

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SunCar Technology Group (SunCar Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SunCar Technology Group Inc (NAS:SDA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Shanghai Feiyou Trading Co., Ltd., Suite 209, No. 656 Lingshi Road, Jing’an District, Shanghai, CHN, 200072

Website

https://www.suncartech.com

SunCar Technology Group Inc is a provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China. It operates an automotive after-sales services business through offering customized service solutions to enterprise clients, who are major banks, insurance companies, telecommunication companies, new energy vehicle, original equipment manufacturers or any client who have end customers demanding automotive services.