Yixin Group (HKSE:02858) Debt-to-Equity : 1.47 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Yixin Group Debt-to-Equity?

Yixin Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$13,474 Mil. Yixin Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$11,880 Mil. Yixin Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$17,244 Mil. Yixin Group's debt to equity for the quarter that ended in Dec. 2023 was 1.47.

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

HKSE:02858' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.6 Med: 1.28 Max: 6.39
Current: 1.47

During the past 10 years, the highest Debt-to-Equity Ratio of Yixin Group was 6.39. The lowest was -8.60. And the median was 1.28.

HKSE:02858's Debt-to-Equity is ranked worse than
55.79% of 432 companies
in the Credit Services industry
Industry Median: 1.13 vs HKSE:02858: 1.47

Yixin Group Debt-to-Equity Historical Data

The historical data trend for Yixin 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.

* Premium members only.

Yixin Group Debt-to-Equity Chart

Yixin Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.28

0.70

0.65

0.82

1.47

Yixin Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													0.65	0.73	0.82	1.19	1.47

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

For the Credit Services subindustry, Yixin 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.

Yixin Group's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Yixin Group's Debt-to-Equity distribution charts can be found below:

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

Yixin Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yixin 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
	=	(13473.865	+	11879.784)	/	17243.61
	=	1.47

Yixin Group'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
	=	(13473.865	+	11879.784)	/	17243.61
	=	1.47

Yixin Group (HKSE:02858) 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.

Yixin Group Debt-to-Equity Related Terms

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

Yixin Group (HKSE:02858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yixin Group Ltd (HKSE:02858) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1YX:Germany

Address

No. 365 Linhong Road, 1 North, Zhongguancun Hongqiao Innovation Center, Changning District, Shanghai, CHN

Website

http://www.yixincars.com

Yixin Group Ltd is an online automobile retail transaction platform in China. The company operates in two segments namely Transaction platform services and Self-operated financing business. The transaction platform segment is comprised of facilitation and value-added services, and advertising and subscription services. Self-operated financing segment comprises financing lease services and operating lease services. The company generates a majority of its revenue from the Self-operated financing business.

Yixin Group (HKSE:02858) Headlines

No Headlines