Meituan (Meituan) Debt-to-Equity

: 0.40 (As of Dec. 2023)

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Meituan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,053 Mil. Meituan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,437 Mil. Meituan's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $21,290 Mil. Meituan's debt to equity for the quarter that ended in Dec. 2023 was 0.40.

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

MPNGY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.25 Max: 0.47
Current: 0.4

During the past 9 years, the highest Debt-to-Equity Ratio of Meituan was 0.47. The lowest was 0.00. And the median was 0.25.

MPNGY's Debt-to-Equity is ranked better than
62.55% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs MPNGY: 0.40

Meituan Debt-to-Equity Historical Data

The historical data trend for Meituan'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.

Meituan Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.06

0.25

0.47

0.45

0.40

Meituan Quarterly Data
	Apr18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.45	0.43	0.42	0.43	0.40

Competitive Comparison

For the Internet Retail subindustry, Meituan'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.

Meituan Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Meituan's Debt-to-Equity distribution charts can be found below:

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

Meituan Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meituan'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
	=	(3053.357	+	5436.727)	/	21289.769
	=	0.40

Meituan'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
	=	(3053.357	+	5436.727)	/	21289.769
	=	0.40

Meituan (OTCPK:MPNGY) 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.

Meituan Debt-to-Equity Related Terms

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Meituan (Meituan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meituan (OTCPK:MPNGY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MPNGF:USA 03690:Hong Kong 9MD:Germany

Address

No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102

Website

https://about.meituan.com

Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the quarter-ended Sept. 30, 2021, the firm generated 54.2% of revenue from food delivery services, 17.7% from hotel booking, coupon sales, advertising, and 28.1% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.