CAR (HKSE:00699) Debt-to-Equity : 1.66 (As of Dec. 2020)

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What is CAR Debt-to-Equity?

CAR's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was HK$4,233 Mil. CAR's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was HK$3,664 Mil. CAR's Total Stockholders Equity for the quarter that ended in Dec. 2020 was HK$4,749 Mil. CAR's debt to equity for the quarter that ended in Dec. 2020 was 1.66.

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 CAR's Debt-to-Equity or its related term are showing as below:

HKSE:00699's Debt-to-Equity is not ranked ^*
in the Business Services industry.
Industry Median: 0.37
* Ranked among companies with meaningful Debt-to-Equity only.

CAR Debt-to-Equity Historical Data

The historical data trend for CAR'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.

CAR Debt-to-Equity Chart

CAR Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

Get a 7-Day Free Trial

1.42

1.41

1.59

1.84

1.66

CAR Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Debt-to-Equity	Get a 7-Day Free Trial										1.59	1.56	1.84	2.24	1.66

Competitive Comparison of CAR's Debt-to-Equity

For the Rental & Leasing Services subindustry, CAR'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.

CAR's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CAR's Debt-to-Equity distribution charts can be found below:

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

CAR Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CAR's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(4232.617	+	3663.548)	/	4749.401
	=	1.66

CAR's Debt to Equity Ratio for the quarter that ended in Dec. 2020 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
	=	(4232.617	+	3663.548)	/	4749.401
	=	1.66

CAR (HKSE:00699) 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.

CAR Debt-to-Equity Related Terms

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

CAR (HKSE:00699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CAR Inc (HKSE:00699) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2A Zhonghuan South Road, 3rd Floor, Block B, Lead International, Wangjing, Chaoyang District, Beijing, CHN, 100102

Website

https://www.zuche.com

CAR Inc is engaged in providing car rental services. Its businesses include the provision of long-term and short-term car rental services, finance lease and the sales of used rental vehicles, among others. The company is engaged in vehicle parking management, processing and manufacture of auto parts, the provision of auto repair services, as well as the provision of information technology (IT) services. It also offers other services including accident coverage packages, GPS ( Global Positioning System) navigation systems, 24/7 roadside assistance, and others.

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