Lenovo Group (Lenovo Group) Debt-to-Equity : 0.72 (As of Dec. 2023)

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What is Lenovo Group Debt-to-Equity?

Lenovo Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $176 Mil. Lenovo Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,827 Mil. Lenovo Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,600 Mil. Lenovo Group's debt to equity for the quarter that ended in Dec. 2023 was 0.71.

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 Lenovo Group's Debt-to-Equity or its related term are showing as below:

LNVGY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 1.03 Max: 1.54
Current: 0.72

During the past 13 years, the highest Debt-to-Equity Ratio of Lenovo Group was 1.54. The lowest was 0.19. And the median was 1.03.

LNVGY's Debt-to-Equity is ranked worse than
77.99% of 2194 companies
in the Hardware industry
Industry Median: 0.28 vs LNVGY: 0.72

Lenovo Group Debt-to-Equity Historical Data

The historical data trend for Lenovo Group'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.

Lenovo Group Debt-to-Equity Chart

Lenovo Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.29

1.54

1.50

0.77

0.78

Lenovo Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.92	0.78	0.81	0.84	0.72

Competitive Comparison of Lenovo Group's Debt-to-Equity

For the Computer Hardware subindustry, Lenovo Group'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.

Lenovo Group's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lenovo Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lenovo Group's Debt-to-Equity falls into.

Lenovo Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lenovo Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(395.335	+	3964.015)	/	5587.59
	=	0.78

Lenovo Group's Debt to Equity Ratio for the quarter 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
	=	(176.123	+	3826.731)	/	5600.422
	=	0.71

Lenovo Group (OTCPK:LNVGY) 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.

Lenovo Group Debt-to-Equity Related Terms

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Lenovo Group (Lenovo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (OTCPK:LNVGY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LNVGF:USA 00992:Hong Kong LHL:Germany

Address

979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.lenovo.com

Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 55%, 11%, and 19% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.