SAIC Motor (SHSE:600104) Debt-to-Equity : 0.70 (As of Mar. 2024)

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What is SAIC Motor Debt-to-Equity?

SAIC Motor's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥128,211 Mil. SAIC Motor's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥73,456 Mil. SAIC Motor's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥289,339 Mil. SAIC Motor's debt to equity for the quarter that ended in Mar. 2024 was 0.70.

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 SAIC Motor's Debt-to-Equity or its related term are showing as below:

SHSE:600104' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.5 Max: 0.72
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of SAIC Motor was 0.72. The lowest was 0.11. And the median was 0.50.

SHSE:600104's Debt-to-Equity is ranked worse than
62.33% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SHSE:600104: 0.70

SAIC Motor Debt-to-Equity Historical Data

The historical data trend for SAIC Motor'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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SAIC Motor Debt-to-Equity Chart

SAIC Motor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.55

0.67

0.60

0.72

0.68

SAIC Motor 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															0.65	0.62	0.60	0.68	0.70

Competitive Comparison of SAIC Motor's Debt-to-Equity

For the Auto Manufacturers subindustry, SAIC Motor'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.

SAIC Motor's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

SAIC Motor Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SAIC Motor'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
	=	(121406.762	+	73544.118)	/	286318.746
	=	0.68

SAIC Motor'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
	=	(128211.02	+	73455.965)	/	289339.168
	=	0.70

SAIC Motor (SHSE:600104) 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.

SAIC Motor Debt-to-Equity Related Terms

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SAIC Motor (SHSE:600104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAIC Motor Corp Ltd (SHSE:600104) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

489 Weihai Road, Shanghai, CHN, 200041

Website

http://www.saicmotor.com

SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. It is exploring intelligent driving technology research and industrialization of exploration. It is engaged in the research, production, and sales of parts for motor drive systems, chassis systems, batteries, electric drives, power electronics, and other new energy vehicles. Further, it is also involved in auto-related services such as logistics, e-commerce, travel, energy saving, and charging services; auto-related finance, insurance, and investment services; and the layout of industries of big data and artificial intelligence.

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