NIO (NIO) Debt-to-Equity : 1.97 (As of Dec. 2023)

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What is NIO Debt-to-Equity?

NIO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,816 Mil. NIO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,240 Mil. NIO's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,578 Mil. NIO's debt to equity for the quarter that ended in Dec. 2023 was 1.97.

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

NIO' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.7 Med: 0.41 Max: 1.97
Current: 1.97

During the past 8 years, the highest Debt-to-Equity Ratio of NIO was 1.97. The lowest was -1.70. And the median was 0.41.

NIO's Debt-to-Equity is ranked worse than
92.42% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs NIO: 1.97

NIO Debt-to-Equity Historical Data

The historical data trend for NIO'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.

NIO Debt-to-Equity Chart

NIO Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.70

0.35

0.58

1.52

1.97

NIO 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															1.52	1.45	1.97	2.05	1.97

Competitive Comparison of NIO's Debt-to-Equity

For the Auto Manufacturers subindustry, NIO'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.

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

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

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

NIO Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NIO'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
	=	(3815.614	+	3240.118)	/	3577.804
	=	1.97

NIO'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
	=	(3815.614	+	3240.118)	/	3577.804
	=	1.97

NIO (NYSE:NIO) 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.

NIO Debt-to-Equity Related Terms

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NIO (NIO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NIOIF:USA NIO:Singapore NIO:Mexico 09866:Hong Kong N3I:Germany N3I:Germany N3IA:Germany N3IA:Germany

Address

No. 56 AnTuo Road, Building 20, Anting Town, Jiading District, Shanghai, CHN, 201804

Website

https://www.nio.com

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.