ECARX Holdings (ECARX Holdings) Debt-to-Equity : -1.96 (As of Dec. 2023)

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What is ECARX Holdings Debt-to-Equity?

ECARX Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $174.4 Mil. ECARX Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $78.9 Mil. ECARX Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-129.0 Mil. ECARX Holdings's debt to equity for the quarter that ended in Dec. 2023 was -1.96.

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 ECARX Holdings's Debt-to-Equity or its related term are showing as below:

ECX' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.04 Med: -1.96 Max: -0.26
Current: -1.96

During the past 4 years, the highest Debt-to-Equity Ratio of ECARX Holdings was -0.26. The lowest was -8.04. And the median was -1.96.

ECX's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.48 vs ECX: -1.96

ECARX Holdings Debt-to-Equity Historical Data

The historical data trend for ECARX Holdings'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.

ECARX Holdings Debt-to-Equity Chart

ECARX Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

-0.26

-8.04

-1.96

ECARX Holdings Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					-8.04	-4.84	-3.34	-2.71	-1.96

Competitive Comparison of ECARX Holdings's Debt-to-Equity

For the Auto Parts subindustry, ECARX Holdings'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.

ECARX Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

ECARX Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ECARX Holdings'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
	=	(174.376	+	78.892)	/	-129.045
	=	-1.96

ECARX Holdings'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
	=	(174.376	+	78.892)	/	-129.045
	=	-1.96

ECARX Holdings (NAS:ECX) 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.

ECARX Holdings Debt-to-Equity Related Terms

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ECARX Holdings (ECARX Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ECARX Holdings Inc (NAS:ECX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 St. Katharine’s Way, ECARX office, 2nd Floor South, International House, London, GBR, E1W 1UN

Website

https://www.ecarxgroup.com

ECARX Holdings Inc is engaged in the sales of system-on-chip core modules, automotive computing platform products, software stacks as well as the provision of research and development services primarily in the People's Republic of China. The company's core products include infotainment head units, digital cockpits, vehicle chip-set solutions, a core operating system and integrated software stack. Beyond this, ECARX is developing a full-stack automotive computing platform. It is engaged in automotive intelligence and networking.

Executives

Jun Hong Heng

director

C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108