China Automotive Engineering Research Institute Co (SHSE:601965) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is China Automotive Engineering Research Institute Co Debt-to-Equity?

China Automotive Engineering Research Institute Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥47 Mil. China Automotive Engineering Research Institute Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥220 Mil. China Automotive Engineering Research Institute Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥6,708 Mil. China Automotive Engineering Research Institute Co's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 China Automotive Engineering Research Institute Co's Debt-to-Equity or its related term are showing as below:

SHSE:601965' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.04
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of China Automotive Engineering Research Institute Co was 0.04. The lowest was 0.00. And the median was 0.00.

SHSE:601965's Debt-to-Equity is ranked better than
92.58% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SHSE:601965: 0.04

China Automotive Engineering Research Institute Co Debt-to-Equity Historical Data

The historical data trend for China Automotive Engineering Research Institute Co'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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China Automotive Engineering Research Institute Co Debt-to-Equity Chart

China Automotive Engineering Research Institute Co Annual Data

Trend

Dec14

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Dec23

Debt-to-Equity

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0.01

China Automotive Engineering Research Institute Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.04

Competitive Comparison of China Automotive Engineering Research Institute Co's Debt-to-Equity

For the Auto Manufacturers subindustry, China Automotive Engineering Research Institute Co'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.

China Automotive Engineering Research Institute Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Engineering Research Institute Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Automotive Engineering Research Institute Co's Debt-to-Equity falls into.

China Automotive Engineering Research Institute Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Automotive Engineering Research Institute Co'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
	=	(22.246	+	39.134)	/	6535.104
	=	0.01

China Automotive Engineering Research Institute Co'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
	=	(47.466	+	220.038)	/	6708.45
	=	0.04

China Automotive Engineering Research Institute Co (SHSE:601965) 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.

China Automotive Engineering Research Institute Co Debt-to-Equity Related Terms

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China Automotive Engineering Research Institute Co (SHSE:601965) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Engineering Research Institute Co Ltd (SHSE:601965) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No.9, Jin Yu Avenue, North District, Economic Development Zone, Chongqing, CHN

Website

http://www.caeri.com.cn

China Automotive Engineering Research Institute Co Ltd is an automobile company based in China. It is mainly engaged in the technical service for automobile and manufacturing operations of automobile including the development of various products, the technical consulting, test and the quality inspection and authentication. In addition, the company is specialized in research and development, manufacturing and marketing of special vehicles, with main products involving 5 types and 200-odd models including engineering dump trucks, concrete mixers, sanitation vehicles, logistics transport vehicles and integration vehicles.

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