Lonking Holdings (Lonking Holdings) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Lonking Holdings Debt-to-Equity?

Lonking Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $103 Mil. Lonking Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Lonking Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,398 Mil. Lonking Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Lonking Holdings's Debt-to-Equity or its related term are showing as below:

LKHLY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.12 Max: 0.67
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Lonking Holdings was 0.67. The lowest was 0.06. And the median was 0.12.

LKHLY's Debt-to-Equity is ranked better than
88.83% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.395 vs LKHLY: 0.07

Lonking Holdings Debt-to-Equity Historical Data

The historical data trend for Lonking Holdings'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.

Lonking Holdings Debt-to-Equity Chart

Lonking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.08

0.07

0.06

0.07

Lonking Holdings 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															0.06	0.07	0.07	0.08	0.07

Competitive Comparison of Lonking Holdings's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Lonking Holdings'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.

Lonking Holdings's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lonking Holdings's Debt-to-Equity distribution charts can be found below:

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

Lonking Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lonking Holdings'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
	=	(102.564	+	0.005)	/	1397.581
	=	0.07

Lonking Holdings'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
	=	(102.564	+	0.005)	/	1397.581
	=	0.07

Lonking Holdings (OTCPK:LKHLY) 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.

Lonking Holdings Debt-to-Equity Related Terms

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

Lonking Holdings (Lonking Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lonking Holdings Ltd (OTCPK:LKHLY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

03339:Hong Kong C9IB:Germany

Address

No. 26 Mingyi Road, Xinqiao, Songjiang Industrial, Shanghai, CHN, 201612

Website

https://www.lonking.cn

Lonking Holdings Ltd is a construction and logistics machinery manufacturers in China. It produces wheel loaders, excavators, road rollers, forklifts, and other heavy equipment. In addition, the company supplies individual components, including gearboxes, converters, axles, and hydraulic components. Lonking Holdings has three operating segments: Sale of construction machinery (majority of total revenue), Finance lease of construction machinery, and Financial investment. Used equipment and leasing solutions help extend offerings and pinpoint the correct solution for each customer. Trained technicians provide aftermarket services and parts to maximize equipment efficiency. The majority of sales are derived from China.

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