China MeiDong Auto Holdings (FRA:55M) Debt-to-Equity : 0.98 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is China MeiDong Auto Holdings Debt-to-Equity?

China MeiDong Auto Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €182 Mil. China MeiDong Auto Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €465 Mil. China MeiDong Auto Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €662 Mil. China MeiDong Auto Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.98.

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 MeiDong Auto Holdings's Debt-to-Equity or its related term are showing as below:

FRA:55M' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 0.94 Max: 1.34
Current: 0.98

During the past 12 years, the highest Debt-to-Equity Ratio of China MeiDong Auto Holdings was 1.34. The lowest was 0.65. And the median was 0.94.

FRA:55M's Debt-to-Equity is ranked worse than
73.19% of 1175 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs FRA:55M: 0.98

China MeiDong Auto Holdings Debt-to-Equity Historical Data

The historical data trend for China MeiDong Auto Holdings'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 MeiDong Auto Holdings Debt-to-Equity Chart

China MeiDong Auto Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.12

0.69

0.65

1.32

0.98

China MeiDong Auto Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															0.65	1.29	1.32	1.09	0.98

Competitive Comparison of China MeiDong Auto Holdings's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, China MeiDong Auto Holdings'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 MeiDong Auto Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China MeiDong Auto Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China MeiDong Auto Holdings's Debt-to-Equity falls into.

China MeiDong Auto Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China MeiDong Auto Holdings'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
	=	(181.768	+	464.844)	/	661.693
	=	0.98

China MeiDong Auto Holdings'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
	=	(181.768	+	464.844)	/	661.693
	=	0.98

China MeiDong Auto Holdings (FRA:55M) 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 MeiDong Auto Holdings Debt-to-Equity Related Terms

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

China MeiDong Auto Holdings (FRA:55M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China MeiDong Auto Holdings Ltd (FRA:55M) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CMEIF:USA 01268:Hong Kong 55M:Germany

Address

13th Floor, Unit A1, Huangjin Road, Tian An Tech Industry Building, Nancheng, Guangdong, Dongguan, CHN

Website

http://www.meidongauto.com

China MeiDong Auto Holdings Ltd is an investment holding company, which is engaged in the sale of automobiles and the provision of integrated services. The group operates 4S dealership stores covering world-renowned brands which are popular among Chinese consumers, including BMW, Lexus, Toyota and Hyundai, and others. It derives revenue primarily from the sale of passenger vehicles and by providing after-sales services and geographically all the operations function through the region of China.

China MeiDong Auto Holdings (FRA:55M) Headlines

No Headlines