Luyuan Group Holding (Cayman) (HKSE:02451) Debt-to-Equity : 0.43 (As of Dec. 2023)

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What is Luyuan Group Holding (Cayman) Debt-to-Equity?

Luyuan Group Holding (Cayman)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$185 Mil. Luyuan Group Holding (Cayman)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$527 Mil. Luyuan Group Holding (Cayman)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,671 Mil. Luyuan Group Holding (Cayman)'s debt to equity for the quarter that ended in Dec. 2023 was 0.43.

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 Luyuan Group Holding (Cayman)'s Debt-to-Equity or its related term are showing as below:

HKSE:02451' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.7 Max: 1.2
Current: 0.43

During the past 4 years, the highest Debt-to-Equity Ratio of Luyuan Group Holding (Cayman) was 1.20. The lowest was 0.32. And the median was 0.70.

HKSE:02451's Debt-to-Equity is ranked better than
53.03% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs HKSE:02451: 0.43

Luyuan Group Holding (Cayman) Debt-to-Equity Historical Data

The historical data trend for Luyuan Group Holding (Cayman)'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.

Luyuan Group Holding (Cayman) Debt-to-Equity Chart

Luyuan Group Holding (Cayman) Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.32

1.20

0.97

0.43

Luyuan Group Holding (Cayman) Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity	0.32	1.20	0.97	0.43

Competitive Comparison of Luyuan Group Holding (Cayman)'s Debt-to-Equity

For the Auto Manufacturers subindustry, Luyuan Group Holding (Cayman)'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.

Luyuan Group Holding (Cayman)'s Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Luyuan Group Holding (Cayman)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Luyuan Group Holding (Cayman)'s Debt-to-Equity falls into.

Luyuan Group Holding (Cayman) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luyuan Group Holding (Cayman)'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
	=	(185.215	+	526.523)	/	1670.818
	=	0.43

Luyuan Group Holding (Cayman)'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
	=	(185.215	+	526.523)	/	1670.818
	=	0.43

Luyuan Group Holding (Cayman) (HKSE:02451) 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.

Luyuan Group Holding (Cayman) Debt-to-Equity Related Terms

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Luyuan Group Holding (Cayman) (HKSE:02451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Luyuan Group Holding (Cayman) Ltd (HKSE:02451) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168 Shicheng Street, Jinhua Industry Zone, Zhejiang, Jinhua, CHN

Website

https://www.luyuan.cn

Luyuan Group Holding (Cayman) Ltd is an electric two-wheeled vehicle provider in mainland China, focusing on the design, research and development, manufacturing and selling of electric two-wheeled vehicles. It has built an offline sales and distribution network and embraced informatization and established online retail channels, continuously improving the penetration and coverage of its products.

Executives

Dingman David Ross	2201 Interest of corporation controlled by you
Shipston Electric Vehicle Limited	2101 Beneficial owner
Shipston Evl Holdings Limited	2201 Interest of corporation controlled by you
Shipston Group Limited	2201 Interest of corporation controlled by you
Stonor Group Limited	2201 Interest of corporation controlled by you
Dingman David Ross	2201 Interest of corporation controlled by you
Hu Jihong	2201 Interest of corporation controlled by you
Ni Jie	2201 Interest of corporation controlled by you
Apex Marine Investments Limited	2101 Beneficial owner
Drago Investments Limited	2101 Beneficial owner

Luyuan Group Holding (Cayman) (HKSE:02451) Headlines

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