Zhejiang Taotao Vehicles Co (SZSE:301345) Debt-to-Equity : 0.18 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Zhejiang Taotao Vehicles Co Debt-to-Equity?

Zhejiang Taotao Vehicles Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥472 Mil. Zhejiang Taotao Vehicles Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥52 Mil. Zhejiang Taotao Vehicles Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,978 Mil. Zhejiang Taotao Vehicles Co's debt to equity for the quarter that ended in Mar. 2024 was 0.18.

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 Zhejiang Taotao Vehicles Co's Debt-to-Equity or its related term are showing as below:

SZSE:301345' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.32 Max: 0.53
Current: 0.18

During the past 7 years, the highest Debt-to-Equity Ratio of Zhejiang Taotao Vehicles Co was 0.53. The lowest was 0.10. And the median was 0.32.

SZSE:301345's Debt-to-Equity is ranked better than
74.38% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SZSE:301345: 0.18

Zhejiang Taotao Vehicles Co Debt-to-Equity Historical Data

The historical data trend for Zhejiang Taotao Vehicles 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.

Zhejiang Taotao Vehicles Co Debt-to-Equity Chart

Zhejiang Taotao Vehicles Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.53

0.35

0.37

0.35

0.10

Zhejiang Taotao Vehicles Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.12	0.13	0.18	0.10	0.18

Competitive Comparison of Zhejiang Taotao Vehicles Co's Debt-to-Equity

For the Auto Manufacturers subindustry, Zhejiang Taotao Vehicles 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.

Zhejiang Taotao Vehicles Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Zhejiang Taotao Vehicles Co's Debt-to-Equity falls into.

Zhejiang Taotao Vehicles Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhejiang Taotao Vehicles 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
	=	(251.583	+	47.569)	/	2941.832
	=	0.10

Zhejiang Taotao Vehicles 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
	=	(471.751	+	51.663)	/	2977.892
	=	0.18

Zhejiang Taotao Vehicles Co (SZSE:301345) 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.

Zhejiang Taotao Vehicles Co Debt-to-Equity Related Terms

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

Zhejiang Taotao Vehicles Co (SZSE:301345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Taotao Vehicles Co Ltd (SZSE:301345) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Xinyuan Road, Xinbi Street, Jinyun County, Zhejiang Province, Lishui, CHN, 321403

Website

http://www.taotaoatv.com

Zhejiang Taotao Vehicles Co Ltd is engaged in the research and development, production and sales of automobiles, electric vehicles and their accessories and supplies for outdoor leisure and entertainment with the function of short-distance transportation.

Zhejiang Taotao Vehicles Co (SZSE:301345) Headlines

No Headlines