CJET (Chijet Motor Co) Debt-to-Asset : 0.73 (As of Jun. 2024)

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What is Chijet Motor Co Debt-to-Asset?

Chijet Motor Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $323.51 Mil. Chijet Motor Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $39.61 Mil. Chijet Motor Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $500.31 Mil. Chijet Motor Co's debt to asset for the quarter that ended in Jun. 2024 was 0.73.

Chijet Motor Co Debt-to-Asset Historical Data

The historical data trend for Chijet Motor Co's Debt-to-Asset 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.

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Chijet Motor Co Debt-to-Asset Chart

Chijet Motor Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.13

0.15

0.60

0.70

Chijet Motor Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial			0.16	0.60	0.65	0.70	0.73

Competitive Comparison of Chijet Motor Co's Debt-to-Asset

For the Auto Manufacturers subindustry, Chijet Motor Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Chijet Motor Co's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chijet Motor Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Chijet Motor Co's Debt-to-Asset falls into.

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Chijet Motor Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Chijet Motor Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(332.107	+	40.545)	/	536.451
	=	0.69

Chijet Motor Co's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(323.507	+	39.612)	/	500.313
	=	0.73

Chijet Motor Co (NAS:CJET) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Chijet Motor Co Debt-to-Asset Related Terms

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Chijet Motor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chijet Motor Co Inc (NAS:CJET) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CHN, 264006

Website

https://www.chijetmotors.com

Chijet Motor Co Inc is engaged in the research and development, production and sales of new energy vehicles. New energy vehicles refer to plug-in electric vehicles including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans.