Shandong Linglong Tyre Co (SHSE:601966) Debt-to-Equity : 0.60 (As of Mar. 2024)

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What is Shandong Linglong Tyre Co Debt-to-Equity?

Shandong Linglong Tyre Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9,058 Mil. Shandong Linglong Tyre Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,606 Mil. Shandong Linglong Tyre Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥21,273 Mil. Shandong Linglong Tyre Co's debt to equity for the quarter that ended in Mar. 2024 was 0.60.

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 Shandong Linglong Tyre Co's Debt-to-Equity or its related term are showing as below:

SHSE:601966' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.69 Max: 2.05
Current: 0.6

During the past 13 years, the highest Debt-to-Equity Ratio of Shandong Linglong Tyre Co was 2.05. The lowest was 0.25. And the median was 0.69.

SHSE:601966's Debt-to-Equity is ranked worse than
58.4% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SHSE:601966: 0.60

Shandong Linglong Tyre Co Debt-to-Equity Historical Data

The historical data trend for Shandong Linglong Tyre 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.

Shandong Linglong Tyre Co Debt-to-Equity Chart

Shandong Linglong Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.81

0.25

0.44

0.46

0.59

Shandong Linglong Tyre Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.47	0.54	0.57	0.59	0.60

Competitive Comparison of Shandong Linglong Tyre Co's Debt-to-Equity

For the Auto Parts subindustry, Shandong Linglong Tyre 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.

Shandong Linglong Tyre Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Shandong Linglong Tyre Co's Debt-to-Equity falls into.

Shandong Linglong Tyre Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Linglong Tyre 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
	=	(10113.342	+	2218.826)	/	20905.168
	=	0.59

Shandong Linglong Tyre Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(9057.587	+	3605.785)	/	21273.462
	=	0.60

Shandong Linglong Tyre Co (SHSE:601966) 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.

Shandong Linglong Tyre Co Debt-to-Equity Related Terms

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Shandong Linglong Tyre Co (SHSE:601966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Linglong Tyre Co Ltd (SHSE:601966) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 777, Jinlong Road, Shandong, Zhaoyuan, CHN, 265406

Website

http://www.linglong.cn

Shandong Linglong Tyre Co Ltd is a China-based tire manufacturing company engaged in the business of manufacturing and selling tires. Its product portfolio comprises of passenger car radial tires, light truck radial tires, truck and bus radial tires, specialty tires, winter tires, SUV tires and others. It offers tire products under the brands Linglong, LEAO, Infinity, Shanling, and Atlas.

Shandong Linglong Tyre Co (SHSE:601966) Headlines

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