Cenntro (Cenntro) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is Cenntro Debt-to-Equity?

Cenntro's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14.80 Mil. Cenntro's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16.34 Mil. Cenntro's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $121.87 Mil. Cenntro's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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

CENN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.38 Max: 2.34
Current: 0.26

During the past 5 years, the highest Debt-to-Equity Ratio of Cenntro was 2.34. The lowest was 0.02. And the median was 0.38.

CENN's Debt-to-Equity is ranked better than
67.18% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs CENN: 0.26

Cenntro Debt-to-Equity Historical Data

The historical data trend for Cenntro'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.

Cenntro Debt-to-Equity Chart

Cenntro Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.34

0.91

0.02

0.38

0.26

Cenntro Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.38	0.20	0.22	0.24	0.26

Competitive Comparison of Cenntro's Debt-to-Equity

For the Auto Manufacturers subindustry, Cenntro'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.

Cenntro's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Cenntro Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cenntro'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
	=	(14.804	+	16.34)	/	121.869
	=	0.26

Cenntro'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
	=	(14.804	+	16.34)	/	121.869
	=	0.26

Cenntro (NAS:CENN) 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.

Cenntro Debt-to-Equity Related Terms

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

Cenntro (Cenntro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cenntro Inc (NAS:CENN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0SQ:Germany 0SQA:Germany

Address

501 Okerson Road, Freehold, NJ, USA, 07728

Website

https://www.cenntroauto.com

Cenntro Electric Group Ltd is a commercial electric vehicle technology company with advanced, market-validated electric commercial vehicles. It plans to lead transformation in the auto industry through scalable, decentralized production and fully digitalized autonomous driving solutions. Its vehicles include Metro, Logistar 400, Logistar 200, Neibor 200, and ORV. The company's geographical segments include Europe, America, Asia, and Oceania.

Executives

Edmond Cheng	officer: Chief Financial Officer	C/O UTSTARCOM, INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Peter Wang	director, 10 percent owner, officer: CEO and Executive Director
Ming He	officer: Treasurer	NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308
Christopher Thorne	director	501 OKERSON ROAD, FREEHOLD NJ 07728
Mathew Zauner	officer: Corporate Secretary	501 OKERSON ROAD, FREEHOLD NJ 07728
Jiawei Tong	director	501 OKERSON ROAD, FREEHOLD NJ 07728
Tony Wen Tsai	officer: Corporate Secretary	501 OKERSON ROAD, FREEHOLD NJ 07728
Marianne Mcinerney	officer: Chief Marketing Officer	501 OKERSON ROAD, FREEHOLD NJ 07728
Yi Zeng	director	501 OKERSON ROAD, FREEHOLD NJ 07728
Wei Zhong	officer: Chief Technology Officer	501 OKERSON ROAD, FREEHOLD NJ 07728
Benjamin B Ge	director	501 OKERSON ROAD, FREEHOLD NJ 07728