Hisense Home Appliances Group Co (Hisense Home Appliances Group Co) Debt-to-Equity : 0.19 (As of Mar. 2024)

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What is Hisense Home Appliances Group Co Debt-to-Equity?

Hisense Home Appliances Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $351 Mil. Hisense Home Appliances Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $34 Mil. Hisense Home Appliances Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,987 Mil. Hisense Home Appliances Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.19.

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 Hisense Home Appliances Group Co's Debt-to-Equity or its related term are showing as below:

HISEF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.33
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Hisense Home Appliances Group Co was 0.33. The lowest was 0.01. And the median was 0.07.

HISEF's Debt-to-Equity is ranked better than
67.11% of 380 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.315 vs HISEF: 0.19

Hisense Home Appliances Group Co Debt-to-Equity Historical Data

The historical data trend for Hisense Home Appliances Group 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.

Hisense Home Appliances Group Co Debt-to-Equity Chart

Hisense Home Appliances Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

0.33

0.17

0.21

Hisense Home Appliances Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.27	0.25	0.21	0.19

Competitive Comparison of Hisense Home Appliances Group Co's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Hisense Home Appliances Group 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.

Hisense Home Appliances Group Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hisense Home Appliances Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hisense Home Appliances Group Co's Debt-to-Equity falls into.

Hisense Home Appliances Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hisense Home Appliances Group Co'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
	=	(367.496	+	35.28)	/	1901.932
	=	0.21

Hisense Home Appliances Group Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(350.617	+	33.65)	/	1986.742
	=	0.19

Hisense Home Appliances Group Co (OTCPK:HISEF) 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.

Hisense Home Appliances Group Co Debt-to-Equity Related Terms

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Hisense Home Appliances Group Co (Hisense Home Appliances Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hisense Home Appliances Group Co Ltd (OTCPK:HISEF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

00921:Hong Kong GKE:Germany 000921:China

Address

No. 8 Ronggang Road, Ronggui Street, Shunde District, Guangdong Province, Foshan, CHN, 528303

Website

https://hxjd.hisense.cn

Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from the domestic market.

Hisense Home Appliances Group Co (Hisense Home Appliances Group Co) Headlines

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