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

Chijet Motor Co (Chijet Motor Co) Debt-to-Equity : -2.81 (As of Dec. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Chijet Motor Co Debt-to-Equity?

Chijet Motor Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $332.11 Mil. Chijet Motor Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $40.55 Mil. Chijet Motor Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-132.83 Mil. Chijet Motor Co's debt to equity for the quarter that ended in Dec. 2023 was -2.81.

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 Chijet Motor Co's Debt-to-Equity or its related term are showing as below:

CJET' s Debt-to-Equity Range Over the Past 10 Years
Min: -14.37   Med: -4.27   Max: 6.15
Current: -2.81

During the past 4 years, the highest Debt-to-Equity Ratio of Chijet Motor Co was 6.15. The lowest was -14.37. And the median was -4.27.

CJET's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.48 vs CJET: -2.81

Chijet Motor Co Debt-to-Equity Historical Data

The historical data trend for Chijet Motor 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.

Chijet Motor Co Debt-to-Equity Chart

Chijet Motor Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
6.15 -14.37 -5.73 -2.81

Chijet Motor Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial -14.37 -3.30 -5.73 -3.54 -2.81

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

For the Auto Manufacturers subindustry, Chijet Motor 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.


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

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

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



Chijet Motor Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Chijet Motor Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Chijet Motor Co  (NAS:CJET) 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.


Chijet Motor Co Debt-to-Equity Related Terms

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


Chijet Motor Co (Chijet Motor Co) Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CHN, 264006
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.