Qingling Motors Co (HKSE:01122) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Qingling Motors Co Debt-to-Equity?

Qingling Motors Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$18 Mil. Qingling Motors Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$12 Mil. Qingling Motors Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$7,951 Mil. Qingling Motors Co's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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 Qingling Motors Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Qingling Motors Co was 0.01. The lowest was 0.00. And the median was 0.01.

HKSE:01122's Debt-to-Equity is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.47
* Ranked among companies with meaningful Debt-to-Equity only.

Qingling Motors Co Debt-to-Equity Historical Data

The historical data trend for Qingling Motors 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.

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Qingling Motors Co Debt-to-Equity Chart

Qingling Motors Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Qingling Motors Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															-	0.01	0.01	0.01	-

Competitive Comparison of Qingling Motors Co's Debt-to-Equity

For the Auto Manufacturers subindustry, Qingling Motors 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.

Qingling Motors Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Qingling Motors Co's Debt-to-Equity distribution charts can be found below:

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

Qingling Motors Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qingling Motors 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
	=	(18	+	21.224)	/	8091.561
	=	0.00

Qingling Motors Co'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
	=	(18.069	+	12.139)	/	7950.826
	=	0.00

Qingling Motors Co (HKSE:01122) 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.

Qingling Motors Co Debt-to-Equity Related Terms

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Qingling Motors Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingling Motors Co Ltd (HKSE:01122) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

QGLHF:USA QIN:Germany QIN:Germany QIN:Germany

Address

1 Xiexing Cun, Zhongliangshan, Jiulongpo District, Chongqing, CHN, 400052

Website

https://www.qingling.com.cn

Qingling Motors Co Ltd is a Chinese company which is engaged in the production and sale of Isuzu light, medium, and heavy-duty trucks, pick-up trucks, multi-purpose vehicles, and diesel and petrol engines. It also focuses on the manufacturing and sales of automobile parts and accessories. The company organizes its business into five segments namely Light-duty trucks and chassis; Pickup trucks and chassis; Medium and heavy-duty trucks and chassis; and Automobile parts, accessories, and others. It also focuses on research and development activity for products, materials, mould and processes, and fixtures. The company earns the majority of its revenue from the sale of trucks and vehicles in the People's Republic of China.

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