Differ Group Auto (HKSE:06878) Debt-to-Equity : 0.84 (As of Jun. 2023)

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What is Differ Group Auto Debt-to-Equity?

Differ Group Auto's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$2,335 Mil. Differ Group Auto's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$10 Mil. Differ Group Auto's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$2,783 Mil. Differ Group Auto's debt to equity for the quarter that ended in Jun. 2023 was 0.84.

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

HKSE:06878' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.52 Max: 1.03
Current: 0.84

During the past 11 years, the highest Debt-to-Equity Ratio of Differ Group Auto was 1.03. The lowest was 0.32. And the median was 0.52.

HKSE:06878's Debt-to-Equity is ranked better than
56.38% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs HKSE:06878: 0.84

Differ Group Auto Debt-to-Equity Historical Data

The historical data trend for Differ Group Auto'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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Differ Group Auto Debt-to-Equity Chart

Differ Group Auto Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.77

1.00

0.45

0.40

0.58

Differ Group Auto Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.51	0.40	0.50	0.58	0.84

Competitive Comparison of Differ Group Auto's Debt-to-Equity

For the Credit Services subindustry, Differ Group Auto'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.

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

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

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

Differ Group Auto Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Differ Group Auto's Debt to Equity Ratio for the fiscal year 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
	=	(1462.827	+	162.472)	/	2819.731
	=	0.58

Differ Group Auto's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(2334.982	+	10.391)	/	2782.721
	=	0.84

Differ Group Auto (HKSE:06878) 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.

Differ Group Auto Debt-to-Equity Related Terms

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

Differ Group Auto (HKSE:06878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Differ Group Auto Ltd (HKSE:06878) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 503 Gaolin Middle Road, 33th Floor, Differ Fortune Centre, Huli District, Fujian Province, Xiamen, CHN

Website

http://www.dfh.cn

Differ Group Auto Ltd, formerly Differ Group Holding Co Ltd provides finance leases to corporate customers, which are mainly small and medium enterprises, incorporated and operating in Mainland China. The reportable segments of the Group are, Financial services segment includes the provision of guarantee services, express loan services, consultancy services, finance lease services, financial securities services, and assets management in the PRC and Hong Kong; Property development and investment segment includes property development projects and property investment activities in the PRC; Trading of commodities segment includes trading of commodities in the PRC; and Automobile e-commerce includes online e-commerce platform in the automobile industry in the PRC.

Executives

Expert Corporate Limited
Hong Mingxian
Shi Hongjiao
Tianjin Binhai Rural Commercial Bank Corporation	2106 Person having a security interest in shares
Ng Chi Chung	2201 Interest of corporation controlled by you
Ting Pui Shan	2202 Interest of your spouse
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Ever Ultimate Limited	2101 Beneficial owner
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you

Differ Group Auto (HKSE:06878) Headlines

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