Shanghai Dongzheng Automotive Finance Co (HKSE:02718) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Shanghai Dongzheng Automotive Finance Co Debt-to-Equity?

Shanghai Dongzheng Automotive Finance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil. Shanghai Dongzheng Automotive Finance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6.7 Mil. Shanghai Dongzheng Automotive Finance Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,736.1 Mil. Shanghai Dongzheng Automotive Finance Co's debt to equity for the quarter that ended in Dec. 2023 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 Shanghai Dongzheng Automotive Finance Co's Debt-to-Equity or its related term are showing as below:

During the past 8 years, the highest Debt-to-Equity Ratio of Shanghai Dongzheng Automotive Finance Co was 0.01. The lowest was 0.00. And the median was 0.00.

HKSE:02718's Debt-to-Equity is not ranked ^*
in the Credit Services industry.
Industry Median: 1.18
* Ranked among companies with meaningful Debt-to-Equity only.

Shanghai Dongzheng Automotive Finance Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Dongzheng Automotive Finance 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.

Shanghai Dongzheng Automotive Finance Co Debt-to-Equity Chart

Shanghai Dongzheng Automotive Finance Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Shanghai Dongzheng Automotive Finance Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Shanghai Dongzheng Automotive Finance Co's Debt-to-Equity

For the Credit Services subindustry, Shanghai Dongzheng Automotive Finance 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.

Shanghai Dongzheng Automotive Finance Co's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Shanghai Dongzheng Automotive Finance Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai Dongzheng Automotive Finance Co's Debt-to-Equity falls into.

Shanghai Dongzheng Automotive Finance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Dongzheng Automotive Finance 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
	=	(0	+	6.694)	/	3736.077
	=	0.00

Shanghai Dongzheng Automotive Finance Co'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
	=	(0	+	6.694)	/	3736.077
	=	0.00

Shanghai Dongzheng Automotive Finance Co (HKSE:02718) 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.

Shanghai Dongzheng Automotive Finance Co Debt-to-Equity Related Terms

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Shanghai Dongzheng Automotive Finance Co (HKSE:02718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Shanghai Dongzheng Automotive Finance Co Ltd (HKSE:02718) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yao Yuan Road, Pudong New Area, 12th Floor, Building 2, No. 58, Shanghai, CHN

Website

https://www.dongzhengafc.com

Shanghai Dongzheng Automotive Finance Co Ltd is engaged in providing auto finance products and services for the purchase of luxury-brand cars. Its segments include Retail business and Dealer's loan business. The company generates maximum revenue from the Retail business segment. Geographically the group conducts its business in PRC.

Executives

Jpmorgan Chase & Co.	2106 Person having a security interest in shares
Shang Hai Qi Che Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Shang Hai Qi Che Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Xingtai Capital Management Limited	2102 Investment manager
Xingtai China Master Fund	2101 Beneficial owner
Pictet Asset Management (singapore) Pte Ltd
Ubs Group Ag	2201 Interest of corporation controlled by you
Canepa Funds Icav Xingtai China Fund	2101 Beneficial owner
Global Precise Assets Limited
Morgan Stanley Capital Management, Llc	2201 Interest of corporation controlled by you
Msdw Investment Holdings (us) Llc	2201 Interest of corporation controlled by you
Morgan Stanley Investments (uk)	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you
Tx Capital (hk) Limited	2102 Investment manager
Morgan Stanley International Incorporated	2201 Interest of corporation controlled by you

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