Fly-E Group (Fly-E Group) Debt-to-Equity : 2.36 (As of Dec. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Fly-E Group Debt-to-Equity?

Fly-E Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.61 Mil. Fly-E Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.79 Mil. Fly-E Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6.11 Mil. Fly-E Group's debt to equity for the quarter that ended in Dec. 2023 was 2.36.

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 Fly-E Group's Debt-to-Equity or its related term are showing as below:

FLYE' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.21 Med: 2.36 Max: 7.51
Current: 2.36

During the past 2 years, the highest Debt-to-Equity Ratio of Fly-E Group was 7.51. The lowest was 2.21. And the median was 2.36.

FLYE's Debt-to-Equity is ranked worse than
94.14% of 1178 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs FLYE: 2.36

Fly-E Group Debt-to-Equity Historical Data

The historical data trend for Fly-E Group'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.

Fly-E Group Debt-to-Equity Chart

Fly-E Group Annual Data

Trend

Mar22

Mar23

Debt-to-Equity

7.51

4.84

Fly-E Group Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	4.84	2.35	2.21	2.36

Competitive Comparison of Fly-E Group's Debt-to-Equity

For the Auto Manufacturers subindustry, Fly-E Group'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.

Fly-E Group's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Fly-E Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fly-E Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.249	+	9.852)	/	2.5
	=	4.84

Fly-E Group'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
	=	(3.611	+	10.787)	/	6.111
	=	2.36

Fly-E Group (NAS:FLYE) 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.

Fly-E Group Debt-to-Equity Related Terms

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

Fly-E Group (Fly-E Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fly-E Group Inc (NAS:FLYE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. They also provide connectivity solutions and value-added services to their customers.

Fly-E Group (Fly-E Group) Headlines

From GuruFocus

Fly-E Group Announces Pricing of Initial Public Offering

By Marketwired • 06-05-2024