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Cheetah Net Supply Chain Service (Cheetah Net Supply Chain Service) Debt-to-Equity : 0.31 (As of Mar. 2024)


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What is Cheetah Net Supply Chain Service Debt-to-Equity?

Cheetah Net Supply Chain Service's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.95 Mil. Cheetah Net Supply Chain Service's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.27 Mil. Cheetah Net Supply Chain Service's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $7.12 Mil. Cheetah Net Supply Chain Service's debt to equity for the quarter that ended in Mar. 2024 was 0.31.

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 Cheetah Net Supply Chain Service's Debt-to-Equity or its related term are showing as below:

CTNT' s Debt-to-Equity Range Over the Past 10 Years
Min: -86.78   Med: 0.74   Max: 6.6
Current: 0.31

During the past 3 years, the highest Debt-to-Equity Ratio of Cheetah Net Supply Chain Service was 6.60. The lowest was -86.78. And the median was 0.74.

CTNT's Debt-to-Equity is ranked better than
63.77% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs CTNT: 0.31

Cheetah Net Supply Chain Service Debt-to-Equity Historical Data

The historical data trend for Cheetah Net Supply Chain Service'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.

Cheetah Net Supply Chain Service Debt-to-Equity Chart

Cheetah Net Supply Chain Service Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
-86.78 6.60 0.39

Cheetah Net Supply Chain Service Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.04 3.09 0.74 0.39 0.31

Competitive Comparison of Cheetah Net Supply Chain Service's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Cheetah Net Supply Chain Service'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.

Cheetah Net Supply Chain Service's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheetah Net Supply Chain Service's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cheetah Net Supply Chain Service's Debt-to-Equity falls into.


Cheetah Net Supply Chain Service Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cheetah Net Supply Chain Service'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
=(1.914 + 0.796) / 6.905
=0.39

Cheetah Net Supply Chain Service'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
=(0.946 + 1.271) / 7.118
=0.31

* 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.

Cheetah Net Supply Chain Service  (NAS:CTNT) 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.

Cheetah Net Supply Chain Service Debt-to-Equity Related Terms

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

Cheetah Net Supply Chain Service (Cheetah Net Supply Chain Service) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cheetah Net Supply Chain Service Inc (NAS:CTNT) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
N/A
Address
6201 Fairview Road, Suite 225, Charlotte, NC, USA, 28210
Website
Cheetah Net Supply Chain Service Inc is a supplier of parallel-import vehicles sourced in the U.S. to be sold in the China market. The parallel-import vehicles refer to those purchased by dealers directly from overseas markets and imported for sale through channels other than brand manufacturers' official distribution systems. The company purchases automobiles, primarily luxury brands such as Mercedes, BMW, Porsche, Lexus, and Bentley, from the U.S. market and resell them to customers, including both U.S. and PRC parallel-import car dealers. It derive profits primarily from the price difference between our buying and selling prices for parallel-import vehicles.
Executives
Catherine Chen director ONE MILE WEST OF GUANRI, HULI DISTRICT, XIAMEN F4 361000
Huoyuan Chen 10 percent owner QUNZHONGXINCUN VILLAGE, TAIJIANG DIST., 207 BLOCK 5, FUZHOU F4 350000
Adam Eilenberg director 335 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10017
Walter Penn Folker officer: Vice President of Procurement 7353 BEDFORDSHIRE DRIVE, CHARLOTTE NC 28226
Xianggeng Huang director, 10 percent owner 12-8, A2#BLDG, WANDA PLAZA II, NO.8 AOJIANG RD., AOFENG ST., TAIJIANG, FUZHOU F4 350000
Xiaolin Tang 10 percent owner RM 401, BLDG 25, MOON BAY GARDEN, DONGSHAN ST., JIANGNING DIST., NANJING F4 211100
Yan Xiao 10 percent owner LANGYUAN 2-3001, XINGHEWAN COMM., SIJI XINGHE MID ST., CHAOYANG N. RD., BEIJING F4 100000
Ying-chang Yuan 10 percent owner 4752 MOUNT ROYAL LN, CHARLOTTE NC 28210
Vladimir Gavrilovic director 70 ELM STREET, APT 1, NORTH ARLINGTON NJ 07031
Huan Liu director, 10 percent owner, officer: See Remarks 6201 FAIRVIEW RD, STE 225, CHARLOTTE NC 28210