Kandi Technologies Group (Kandi Technologies Group) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Kandi Technologies Group Debt-to-Equity?

Kandi Technologies Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33.1 Mil. Kandi Technologies Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.4 Mil. Kandi Technologies Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $404.1 Mil. Kandi Technologies Group's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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 Kandi Technologies Group's Debt-to-Equity or its related term are showing as below:

KNDI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.2 Max: 0.41
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Kandi Technologies Group was 0.41. The lowest was 0.03. And the median was 0.20.

KNDI's Debt-to-Equity is ranked better than
83.9% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs KNDI: 0.10

Kandi Technologies Group Debt-to-Equity Historical Data

The historical data trend for Kandi Technologies Group'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.

Kandi Technologies Group Debt-to-Equity Chart

Kandi Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.30

0.03

0.06

0.10

Kandi Technologies Group 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															0.06	0.06	0.06	0.10	0.10

Competitive Comparison of Kandi Technologies Group's Debt-to-Equity

For the Auto Parts subindustry, Kandi Technologies Group'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.

Kandi Technologies Group's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Kandi Technologies Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kandi Technologies Group'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
	=	(33.144	+	8.389)	/	404.125
	=	0.10

Kandi Technologies Group'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
	=	(33.144	+	8.389)	/	404.125
	=	0.10

Kandi Technologies Group (NAS:KNDI) 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.

Kandi Technologies Group Debt-to-Equity Related Terms

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

Kandi Technologies Group (Kandi Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kandi Technologies Group Inc (NAS:KNDI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

K8A:Germany K8A:Germany

Address

Jinhua New Energy Vehicle Town, Zhejiang Province, Jinhua, CHN, 321016

Website

http://www.kandivehicle.com

Kandi Technologies Group Inc is engaged in the development, production, and distribution of electric vehicle (EV) products, EV parts, and off-road vehicle products, primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, controllers, and air conditioning systems. It generates revenue through EV parts and off-road vehicles. The company generates the majority of its revenue from China, and it also exports Overseas.

Executives

Xueqin Dong	director, officer: Chief Executive Officer	JINHUA NEW ENERGY VEHICLE TOWN, JINHUA F4 321016
Henry Yu	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016
Lin Wang	director	C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016
Chenming Sun	director	C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016
Jehn Ming Lim	officer: Chief Financial Officer	FLAT E,7/F, BLOCK 3 ,BANYAN MANSION, WHAMPOA GARDEN,HUNG HOM, KOWLOON, HONG KONG K3 00000
Xiaoming Hu	director, 10 percent owner, officer: President and CEO	C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016
Feng Zhu	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA F4 321015
Yi Lin	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA F4 321015
Excelvantage Group Ltd	other: Sole Director	JINHUA CITY INDUSTRIAL ZONE, JINHUA CITY, ZHEJIANG PROVINCE F4 321016
Cheng(henry) Wang	officer: Chief Financial Officer	C/O JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016
Bing Mei	officer: Chief Financial Officer	42800 RIDGEWAY DR., ASHBURN VA 20148
Jingsong Qian	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016
Xiaoying Zhu	director, officer: Chief Financial Officer	C/O JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016
Liming Chen	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIAN PROVINCE F4 321016
Guangzheng Ni	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016