Changchun Engley Automobile Industry Co (SHSE:601279) Debt-to-Equity : 0.34 (As of Mar. 2024)

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What is Changchun Engley Automobile Industry Co Debt-to-Equity?

Changchun Engley Automobile Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥533 Mil. Changchun Engley Automobile Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥931 Mil. Changchun Engley Automobile Industry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,279 Mil. Changchun Engley Automobile Industry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.34.

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 Changchun Engley Automobile Industry Co's Debt-to-Equity or its related term are showing as below:

SHSE:601279' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.34 Max: 0.44
Current: 0.34

During the past 8 years, the highest Debt-to-Equity Ratio of Changchun Engley Automobile Industry Co was 0.44. The lowest was 0.21. And the median was 0.34.

SHSE:601279's Debt-to-Equity is ranked better than
61.23% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SHSE:601279: 0.34

Changchun Engley Automobile Industry Co Debt-to-Equity Historical Data

The historical data trend for Changchun Engley Automobile Industry 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.

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Changchun Engley Automobile Industry Co Debt-to-Equity Chart

Changchun Engley Automobile Industry Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.36

0.24

0.33

0.32

Changchun Engley Automobile Industry Co Quarterly Data
	Dec18	Jun19	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															0.39	0.44	0.42	0.32	0.34

Competitive Comparison of Changchun Engley Automobile Industry Co's Debt-to-Equity

For the Auto Parts subindustry, Changchun Engley Automobile Industry 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.

Changchun Engley Automobile Industry Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Changchun Engley Automobile Industry Co's Debt-to-Equity falls into.

Changchun Engley Automobile Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Changchun Engley Automobile Industry 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
	=	(468.687	+	910.828)	/	4258.914
	=	0.32

Changchun Engley Automobile Industry 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
	=	(532.927	+	931.332)	/	4279.031
	=	0.34

Changchun Engley Automobile Industry Co (SHSE:601279) 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.

Changchun Engley Automobile Industry Co Debt-to-Equity Related Terms

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Changchun Engley Automobile Industry Co (SHSE:601279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changchun Engley Automobile Industry Co Ltd (SHSE:601279) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 888, Shunda Road, High-tech Zone, Jilin Province, Changchun, CHN, 130021

Website

http://www.engley.com

Changchun Engley Automobile Industry Co Ltd is engaged in the design, research and development, manufacturing and sales of body structure components and anti-collision system components. The company's main products include metallic and Non-metallic products. The metallic parts are mainly Cross Car beams, bumps, thresholds, battery lower shells and other body stamping parts: Non-metallic products include front end modules, underbody coves, spare tire warehouses, EV battery upper shell, battery trays and wheel guards.

Changchun Engley Automobile Industry Co (SHSE:601279) Headlines

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