Chongqing Changan Automobile Co (SZSE:000625) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Chongqing Changan Automobile Co Debt-to-Equity?

Chongqing Changan Automobile Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥169 Mil. Chongqing Changan Automobile Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,148 Mil. Chongqing Changan Automobile Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥73,222 Mil. Chongqing Changan Automobile Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Chongqing Changan Automobile Co's Debt-to-Equity or its related term are showing as below:

SZSE:000625' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.11
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Chongqing Changan Automobile Co was 0.11. The lowest was 0.00. And the median was 0.02.

SZSE:000625's Debt-to-Equity is ranked better than
97.35% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SZSE:000625: 0.02

Chongqing Changan Automobile Co Debt-to-Equity Historical Data

The historical data trend for Chongqing Changan Automobile 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.

Chongqing Changan Automobile Co Debt-to-Equity Chart

Chongqing Changan Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.03

0.02

0.03

0.02

Chongqing Changan Automobile 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															0.02	0.02	0.02	0.02	0.02

Competitive Comparison of Chongqing Changan Automobile Co's Debt-to-Equity

For the Auto Manufacturers subindustry, Chongqing Changan Automobile 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.

Chongqing Changan Automobile Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Chongqing Changan Automobile Co's Debt-to-Equity falls into.

Chongqing Changan Automobile Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqing Changan Automobile 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
	=	(110.116	+	1205.862)	/	71853.12
	=	0.02

Chongqing Changan Automobile 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
	=	(169.425	+	1148.034)	/	73221.743
	=	0.02

Chongqing Changan Automobile Co (SZSE:000625) 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.

Chongqing Changan Automobile Co Debt-to-Equity Related Terms

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Chongqing Changan Automobile Co (SZSE:000625) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Changan Automobile Co Ltd (SZSE:000625) » Definitions » Debt-to-Equity

Traded in Other Exchanges

200625:China

Address

No. 260, East Jianxin Road, Jiangbei District, Chongqing, CHN, 400023

Website

https://www.changan.com.cn

Chongqing Changan Automobile Co Ltd is engaged in automobile manufacturing. It has 14 production bases and 33 vehicle, engine and transmission factories around the world. The company has a vast majority of engineering and technical personnel around the world and has established Chongqing, Beijing, Hebei Dingzhou, Anhui Hefei, Italy Turin, Japan Yokohama, UK Birmingham, us Detroit and Germany Munich. It has a professional automobile R&D process system and test verification system to ensure that each product can meet the needs of its users. The company has launched CS series, Eado series, UNI series and other products. In the field of intelligence, the Beidou Tianshu Plan provides users with a four-hearted car platform that is safe, happy, caring, and worry-free.

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