CIMC Vehicles (Group) Co (SZSE:301039) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is CIMC Vehicles (Group) Co Debt-to-Equity?

CIMC Vehicles (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1,148 Mil. CIMC Vehicles (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥455 Mil. CIMC Vehicles (Group) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥14,809 Mil. CIMC Vehicles (Group) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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 CIMC Vehicles (Group) Co's Debt-to-Equity or its related term are showing as below:

SZSE:301039' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.22 Max: 0.37
Current: 0.11

During the past 8 years, the highest Debt-to-Equity Ratio of CIMC Vehicles (Group) Co was 0.37. The lowest was 0.11. And the median was 0.22.

SZSE:301039's Debt-to-Equity is ranked better than
84.41% of 186 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.43 vs SZSE:301039: 0.11

CIMC Vehicles (Group) Co Debt-to-Equity Historical Data

The historical data trend for CIMC Vehicles (Group) 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.

CIMC Vehicles (Group) Co Debt-to-Equity Chart

CIMC Vehicles (Group) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.22

0.15

0.11

CIMC Vehicles (Group) Co Quarterly Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.15	0.13	0.11	0.11	N/A

Competitive Comparison of CIMC Vehicles (Group) Co's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, CIMC Vehicles (Group) 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.

CIMC Vehicles (Group) Co's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CIMC Vehicles (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CIMC Vehicles (Group) Co's Debt-to-Equity falls into.

CIMC Vehicles (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CIMC Vehicles (Group) 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
	=	(1148.142	+	455.445)	/	14808.858
	=	0.11

CIMC Vehicles (Group) 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
	=	(1148.142	+	455.445)	/	14808.858
	=	0.11

CIMC Vehicles (Group) Co (SZSE:301039) 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.

CIMC Vehicles (Group) Co Debt-to-Equity Related Terms

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CIMC Vehicles (Group) Co (SZSE:301039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CIMC Vehicles (Group) Co Ltd (SZSE:301039) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

01839:Hong Kong

Address

No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN, 518067

Website

https://www.cimcvehiclesgroup.com

CIMC Vehicles (Group) Co Ltd is engaged in the manufacturing and sale of semi-trailers and truck bodies for specialty vehicles. The semi-trailers mainly include the following product lines, Container chassis trailers, Flatbed trailers & relevant derivative types, Curtain-side trailers, Van trailers, Refrigerated trailers, Tank trailers, and other special types of trailers. The truck body products include dump beds for dump trucks, mixers for mixer trucks, and a wide range of other truck bodies for specialty vehicles. Geographically, it operates in China, North America, Europe, and Other regions, out of which the majority is from China.

CIMC Vehicles (Group) Co (SZSE:301039) Headlines

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