Li Ning Co (Li Ning Co) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Li Ning Co Debt-to-Equity?

Li Ning Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $100 Mil. Li Ning Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $256 Mil. Li Ning Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,418 Mil. Li Ning Co'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 Li Ning Co's Debt-to-Equity or its related term are showing as below:

LNNGY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.12 Max: 0.87
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Li Ning Co was 0.87. The lowest was 0.06. And the median was 0.12.

LNNGY's Debt-to-Equity is ranked better than
81.69% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs LNNGY: 0.10

Li Ning Co Debt-to-Equity Historical Data

The historical data trend for Li Ning Co'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.

Li Ning Co Debt-to-Equity Chart

Li Ning Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.12

0.06

0.09

0.10

Li Ning Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.07	0.09	0.10	0.10

Competitive Comparison of Li Ning Co's Debt-to-Equity

For the Leisure subindustry, Li Ning Co'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.

Li Ning Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Li Ning Co's Debt-to-Equity distribution charts can be found below:

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

Li Ning Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Li Ning Co'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
	=	(100.37	+	255.635)	/	3418.201
	=	0.10

Li Ning Co'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
	=	(100.37	+	255.635)	/	3418.201
	=	0.10

Li Ning Co (OTCPK:LNNGY) 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.

Li Ning Co Debt-to-Equity Related Terms

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

Li Ning Co (Li Ning Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Li Ning Co Ltd (OTCPK:LNNGY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LNNGF:USA 02331:Hong Kong LNLB:Germany

Address

No. 8 Xing Guang 5th Street, Opto-Mechatronics Industrial Park, Zhongguancun Science and Technology Area, Tongzhou District, Beijing, CHN, 101111

Website

https://www.lining.com

Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2021, the company had 7,137 stores in China, of which 1,232 were directly operated, and 5,905 were franchised.

Li Ning Co (Li Ning Co) Headlines

From GuruFocus

Matthews China Fund Comments on Li Ning Co Ltd

By Vera Yuan Vera Yuan • 10-20-2014