Tongcheng Travel Holdings (FRA:TEM) Debt-to-Equity : 0.20 (As of Jun. 2024)

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What is Tongcheng Travel Holdings Debt-to-Equity?

Tongcheng Travel Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €313 Mil. Tongcheng Travel Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €171 Mil. Tongcheng Travel Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €2,383 Mil. Tongcheng Travel Holdings's debt to equity for the quarter that ended in Jun. 2024 was 0.20.

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

FRA:TEM' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.04 Med: 0.02 Max: 0.22
Current: 0.2

During the past 9 years, the highest Debt-to-Equity Ratio of Tongcheng Travel Holdings was 0.22. The lowest was -0.04. And the median was 0.02.

FRA:TEM's Debt-to-Equity is ranked better than
71.41% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.44 vs FRA:TEM: 0.20

Tongcheng Travel Holdings Debt-to-Equity Historical Data

The historical data trend for Tongcheng Travel 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.

Tongcheng Travel Holdings Debt-to-Equity Chart

Tongcheng Travel Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.03

0.02

0.15

0.17

Tongcheng Travel Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.13	0.17	0.22	0.20	N/A

Competitive Comparison of Tongcheng Travel Holdings's Debt-to-Equity

For the Travel Services subindustry, Tongcheng Travel 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.

Tongcheng Travel Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tongcheng Travel Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tongcheng Travel Holdings's Debt-to-Equity falls into.

Tongcheng Travel Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tongcheng Travel 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
	=	(331.45	+	55.405)	/	2273.52
	=	0.17

Tongcheng Travel Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(312.625	+	170.768)	/	2383.429
	=	0.20

Tongcheng Travel Holdings (FRA:TEM) 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.

Tongcheng Travel Holdings Debt-to-Equity Related Terms

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Tongcheng Travel Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tongcheng Travel Holdings Ltd (FRA:TEM) » Definitions » Debt-to-Equity

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00780:Hong Kong

Address

No. 188, Yuxin Road, Tongcheng Mansion, Suzhou Industrial Park, Jiangsu, CHN

Website

https://www.tongchengir.com

Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.