JD.com (JD.com) Debt-to-Equity

: 0.30 (As of Dec. 2023)

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JD.com's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,791 Mil. JD.com's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,793 Mil. JD.com's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $32,472 Mil. JD.com's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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 JD.com's Debt-to-Equity or its related term are showing as below:

JD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.24 Max: 0.6
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of JD.com was 0.60. The lowest was 0.05. And the median was 0.24.

JD's Debt-to-Equity is ranked better than
69.02% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs JD: 0.30

JD.com Debt-to-Equity Historical Data

The historical data trend for JD.com'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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JD.com Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.23

0.17

0.16

0.31

0.30

JD.com 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															0.31	0.31	0.33	0.30	0.30

Competitive Comparison

For the Internet Retail subindustry, JD.com'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.

JD.com Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, JD.com's Debt-to-Equity distribution charts can be found below:

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

JD.com Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JD.com'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
	=	(1791.126	+	7792.779)	/	32472.2
	=	0.30

JD.com'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
	=	(1791.126	+	7792.779)	/	32472.2
	=	0.30

JD.com (NAS:JD) 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.

JD.com Debt-to-Equity Related Terms

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JD.com (JD.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JD.com Inc (NAS:JD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JDCMF:USA JD:Mexico 09618:Hong Kong 0JOQ:UK 013C:Germany 013C:Germany 013A:Germany 013A:Germany 013A:Germany JDCO34:Brazil JD:Austria JD:Argentina

Address

No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic and Technological Development Zo, Daxing District, Beijing, CHN, 101111

Website

https://www.jd.com

JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.