Loncin Motor Co (SHSE:603766) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Loncin Motor Co Debt-to-Equity?

Loncin Motor Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥317 Mil. Loncin Motor Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥30 Mil. Loncin Motor Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,508 Mil. Loncin Motor 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 Loncin Motor Co's Debt-to-Equity or its related term are showing as below:

SHSE:603766' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.16
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Loncin Motor Co was 0.16. The lowest was 0.00. And the median was 0.08.

SHSE:603766's Debt-to-Equity is ranked better than
92.61% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SHSE:603766: 0.04

Loncin Motor Co Debt-to-Equity Historical Data

The historical data trend for Loncin Motor 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.

* Premium members only.

Loncin Motor Co Debt-to-Equity Chart

Loncin Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.16

0.08

0.09

0.04

Loncin Motor 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															0.09	0.09	0.08	0.04	0.04

Competitive Comparison of Loncin Motor Co's Debt-to-Equity

For the Recreational Vehicles subindustry, Loncin Motor 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.

Loncin Motor Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Loncin Motor Co's Debt-to-Equity falls into.

Loncin Motor Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Loncin Motor 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
	=	(316.184	+	31.99)	/	8252.71
	=	0.04

Loncin Motor 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
	=	(317.031	+	30.165)	/	8507.838
	=	0.04

Loncin Motor Co (SHSE:603766) 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.

Loncin Motor Co Debt-to-Equity Related Terms

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

Loncin Motor Co (SHSE:603766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Loncin Motor Co Ltd (SHSE:603766) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.116 Juye Road, C Area of Jiulong Industrial Park, Jiulongpo District, Chongqing, CHN, 400052

Website

http://www.loncinindustries.com

Loncin Motor Co Ltd is a China-based company engaged in manufacturing recreational vehicles, light-duty power units, engines and engine parts, and farm machinery. It is also involved in the development and incubation of burgeoning businesses with core technology of internal combustion engine as the platform.

Loncin Motor Co (SHSE:603766) Headlines

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