China Evergrande New Energy Vehicle Group (FRA:4NM1) Debt-to-Equity : -0.71 (As of Dec. 2023)

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What is China Evergrande New Energy Vehicle Group Debt-to-Equity?

China Evergrande New Energy Vehicle Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,835.5 Mil. China Evergrande New Energy Vehicle Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,608.3 Mil. China Evergrande New Energy Vehicle Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-4,834.6 Mil. China Evergrande New Energy Vehicle Group's debt to equity for the quarter that ended in Dec. 2023 was -0.71.

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 China Evergrande New Energy Vehicle Group's Debt-to-Equity or its related term are showing as below:

FRA:4NM1' s Debt-to-Equity Range Over the Past 10 Years
Min: -22.52 Med: -0.71 Max: 6.43
Current: -0.71

During the past 13 years, the highest Debt-to-Equity Ratio of China Evergrande New Energy Vehicle Group was 6.43. The lowest was -22.52. And the median was -0.71.

FRA:4NM1's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.48 vs FRA:4NM1: -0.71

China Evergrande New Energy Vehicle Group Debt-to-Equity Historical Data

The historical data trend for China Evergrande New Energy Vehicle 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.

China Evergrande New Energy Vehicle Group Debt-to-Equity Chart

China Evergrande New Energy Vehicle Group Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-8.38

-12.07

-1.06

-0.39

-0.71

China Evergrande New Energy Vehicle Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	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															-1.06	-0.78	-0.39	-0.84	-0.71

Competitive Comparison of China Evergrande New Energy Vehicle Group's Debt-to-Equity

For the Medical Care Facilities subindustry, China Evergrande New Energy Vehicle 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.

China Evergrande New Energy Vehicle Group's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, China Evergrande New Energy Vehicle Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Evergrande New Energy Vehicle Group's Debt-to-Equity falls into.

China Evergrande New Energy Vehicle Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Evergrande New Energy Vehicle Group'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
	=	(1835.541	+	1608.282)	/	-4834.58
	=	-0.71

China Evergrande New Energy Vehicle 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
	=	(1835.541	+	1608.282)	/	-4834.58
	=	-0.71

China Evergrande New Energy Vehicle Group (FRA:4NM1) 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.

China Evergrande New Energy Vehicle Group Debt-to-Equity Related Terms

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China Evergrande New Energy Vehicle Group (FRA:4NM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Evergrande New Energy Vehicle Group Ltd (FRA:4NM1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EVGRF:USA 00708:Hong Kong 4NM1:Germany

Address

No. 78 Huangpu Avenue West, 28th Floor, Evergrande International Center, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.health.evergrande.com

China Evergrande New Energy Vehicle Group Ltd is engaged in the technology research and development, production, and sales of new energy vehicles. It is also involved in community health management, international hospitals, and the elderly care and rehabilitation business. The company's operating segments include Health Management and New Energy Vehicle. It generates most of its revenues from Health Management segment.

China Evergrande New Energy Vehicle Group (FRA:4NM1) Headlines

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