GSP Automotive Group Wenzhou Co (SHSE:605088) Debt-to-Equity : 0.50 (As of Mar. 2024)

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What is GSP Automotive Group Wenzhou Co Debt-to-Equity?

GSP Automotive Group Wenzhou Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥479 Mil. GSP Automotive Group Wenzhou Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥552 Mil. GSP Automotive Group Wenzhou Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,084 Mil. GSP Automotive Group Wenzhou Co's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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 GSP Automotive Group Wenzhou Co's Debt-to-Equity or its related term are showing as below:

SHSE:605088' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 0.52
Current: 0.5

During the past 11 years, the highest Debt-to-Equity Ratio of GSP Automotive Group Wenzhou Co was 0.52. The lowest was 0.02. And the median was 0.13.

SHSE:605088's Debt-to-Equity is ranked worse than
51.45% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SHSE:605088: 0.50

GSP Automotive Group Wenzhou Co Debt-to-Equity Historical Data

The historical data trend for GSP Automotive Group Wenzhou 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.

GSP Automotive Group Wenzhou Co Debt-to-Equity Chart

GSP Automotive Group Wenzhou Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.07

0.04

0.10

0.52

GSP Automotive Group Wenzhou 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															0.30	0.44	0.39	0.52	0.50

Competitive Comparison of GSP Automotive Group Wenzhou Co's Debt-to-Equity

For the Auto Parts subindustry, GSP Automotive Group Wenzhou 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.

GSP Automotive Group Wenzhou Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where GSP Automotive Group Wenzhou Co's Debt-to-Equity falls into.

GSP Automotive Group Wenzhou Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GSP Automotive Group Wenzhou 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
	=	(456.096	+	560.909)	/	1969.664
	=	0.52

GSP Automotive Group Wenzhou 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
	=	(478.933	+	552.271)	/	2084.407
	=	0.49

GSP Automotive Group Wenzhou Co (SHSE:605088) 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.

GSP Automotive Group Wenzhou Co Debt-to-Equity Related Terms

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GSP Automotive Group Wenzhou Co (SHSE:605088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GSP Automotive Group Wenzhou Co Ltd (SHSE:605088) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1, Gaoxiang Road,, Ouhai High-tech Industrial Park, Zhejiang Province, Wenzhou, CHN, 325006

Website

http://www.gsp.cn

GSP Automotive Group Wenzhou Co Ltd is engaged in the research, development, production and sales of automotive transmission system components. The company produces drive shafts, constant velocity joint kits, hub assemblies wheel bearings and rubber-to-metal components. Its product categories include Drive Shaft; CV Joint; Boot Kits; Hub Assembly; Wheel Bearing; Rubber Mounting; and Steering and Suspension.

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