Sinotruk (Hong Kong) (Sinotruk (Hong Kong)) Debt-to-Equity : 0.11 (As of Jun. 2023)

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What is Sinotruk (Hong Kong) Debt-to-Equity?

Sinotruk (Hong Kong)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $590 Mil. Sinotruk (Hong Kong)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3 Mil. Sinotruk (Hong Kong)'s Total Stockholders Equity for the quarter that ended in Jun. 2023 was $5,231 Mil. Sinotruk (Hong Kong)'s debt to equity for the quarter that ended in Jun. 2023 was 0.11.

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 Sinotruk (Hong Kong)'s Debt-to-Equity or its related term are showing as below:

SHKLY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.15 Max: 0.52
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Sinotruk (Hong Kong) was 0.52. The lowest was 0.04. And the median was 0.15.

SHKLY's Debt-to-Equity is ranked better than
80.32% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.405 vs SHKLY: 0.13

Sinotruk (Hong Kong) Debt-to-Equity Historical Data

The historical data trend for Sinotruk (Hong Kong)'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.

Sinotruk (Hong Kong) Debt-to-Equity Chart

Sinotruk (Hong Kong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.05

0.10

0.11

0.13

Sinotruk (Hong Kong) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.14	0.11	0.11	0.13

Competitive Comparison of Sinotruk (Hong Kong)'s Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Sinotruk (Hong Kong)'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.

Sinotruk (Hong Kong)'s Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sinotruk (Hong Kong)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sinotruk (Hong Kong)'s Debt-to-Equity falls into.

Sinotruk (Hong Kong) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sinotruk (Hong Kong)'s Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(558.216	+	0.021)	/	5150.679
	=	0.11

Sinotruk (Hong Kong)'s Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(589.926	+	2.793)	/	5230.728
	=	0.11

Sinotruk (Hong Kong) (OTCPK:SHKLY) 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.

Sinotruk (Hong Kong) Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sinotruk (Hong Kong)'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sinotruk (Hong Kong) (Sinotruk (Hong Kong)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sinotruk (Hong Kong) Ltd (OTCPK:SHKLY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SHKLF:USA 03808:Hong Kong 4SK:Germany

Address

No. 777 Hua’ao Road, Sinotruk Tower, Innovation Zone, Gaoxin District, Shandong Province, Ji’nan, CHN, 250101

Website

http://www.sinotruk.com

Sinotruk (Hong Kong) Ltd is an investment holding company. The company manages its business in four segments: Heavy Duty Trucks, which includes manufacture and sale of heavy-duty trucks, medium-heavy duty trucks, and related components; Light Duty Trucks & Others, which manufacture and sell of light-duty trucks, buses, etc. and related components; Engines segment manufactures engines & related parts; and Finance Segment. The vast majority of its revenue comes from the Heavy-duty trucks segment. Its geographical segments are Mainland China and Overseas.

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