Cheche Group (Cheche Group) Debt-to-Equity : -0.01 (As of Dec. 2022)

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What is Cheche Group Debt-to-Equity?

Cheche Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $1.1 Mil. Cheche Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.9 Mil. Cheche Group's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $-180.8 Mil. Cheche Group's debt to equity for the quarter that ended in Dec. 2022 was -0.01.

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

CCG' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.04 Med: -0.01 Max: 0.08
Current: 0.08

During the past 3 years, the highest Debt-to-Equity Ratio of Cheche Group was 0.08. The lowest was -0.04. And the median was -0.01.

CCG's Debt-to-Equity is ranked better than
64.59% of 418 companies
in the Interactive Media industry
Industry Median: 0.16 vs CCG: 0.08

Cheche Group Debt-to-Equity Historical Data

The historical data trend for Cheche 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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Cheche Group Debt-to-Equity Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-0.04

-0.01

0.08

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Debt-to-Equity	N/A	-0.04	-0.02	-0.01	0.08

Competitive Comparison of Cheche Group's Debt-to-Equity

For the Internet Content & Information subindustry, Cheche 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.

Cheche Group's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Cheche Group's Debt-to-Equity distribution charts can be found below:

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

Cheche Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cheche 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
	=	(3.354	+	0.756)	/	52.965
	=	0.08

Cheche Group's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(1.101	+	0.893)	/	-180.809
	=	-0.01

Cheche Group (NAS:CCG) 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.

Cheche Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cheche Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

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