Lufax Holding (Lufax Holding) Debt-to-Equity : 0.47 (As of Sep. 2023)

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What is Lufax Holding Debt-to-Equity?

Lufax Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0 Mil. Lufax Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $5,907 Mil. Lufax Holding's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $12,715 Mil. Lufax Holding's debt to equity for the quarter that ended in Sep. 2023 was 0.46.

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

LU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.48 Max: 1.16
Current: 0.47

During the past 7 years, the highest Debt-to-Equity Ratio of Lufax Holding was 1.16. The lowest was 0.29. And the median was 0.48.

LU's Debt-to-Equity is ranked better than
69.61% of 431 companies
in the Credit Services industry
Industry Median: 1.18 vs LU: 0.47

Lufax Holding Debt-to-Equity Historical Data

The historical data trend for Lufax Holding'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.

Lufax Holding Debt-to-Equity Chart

Lufax Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.43

0.29

0.36

0.48

0.57

Lufax Holding Quarterly Data
	Dec17	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.64	0.57	0.58	0.51	0.47

Competitive Comparison of Lufax Holding's Debt-to-Equity

For the Credit Services subindustry, Lufax Holding'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.

Lufax Holding's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Lufax Holding's Debt-to-Equity distribution charts can be found below:

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

Lufax Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lufax Holding's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0	+	7618.617)	/	13366.876
	=	0.57

Lufax Holding's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0	+	5906.681)	/	12715.412
	=	0.46

Lufax Holding (NYSE:LU) 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.

Lufax Holding Debt-to-Equity Related Terms

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Lufax Holding (Lufax Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Lufax Holding Ltd (NYSE:LU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

06623:Hong Kong 0VU1:Germany

Address

Jinxiu East Road, Lane 2777, Pudong New District, Shanghai, CHN

Website

https://www.lu.com

Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.