CBAK Energy Technology (LTS:0A98) Debt-to-Equity : 0.35 (As of Mar. 2024)

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What is CBAK Energy Technology Debt-to-Equity?

CBAK Energy Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $39.2 Mil. CBAK Energy Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.8 Mil. CBAK Energy Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $120.9 Mil. CBAK Energy Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.35.

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 CBAK Energy Technology's Debt-to-Equity or its related term are showing as below:

LTS:0A98' s Debt-to-Equity Range Over the Past 10 Years
Min: -248.72 Med: 0.59 Max: 121.97
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of CBAK Energy Technology was 121.97. The lowest was -248.72. And the median was 0.59.

LTS:0A98's Debt-to-Equity is ranked worse than
55.59% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs LTS:0A98: 0.35

CBAK Energy Technology Debt-to-Equity Historical Data

The historical data trend for CBAK Energy Technology'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.

CBAK Energy Technology Debt-to-Equity Chart

CBAK Energy Technology Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.67

0.29

0.11

0.15

0.32

CBAK Energy Technology 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															0.18	0.26	0.30	0.32	0.35

Competitive Comparison of CBAK Energy Technology's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, CBAK Energy Technology'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.

CBAK Energy Technology's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CBAK Energy Technology's Debt-to-Equity distribution charts can be found below:

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

CBAK Energy Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CBAK Energy Technology'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
	=	(35.263	+	0.475)	/	112.824
	=	0.32

CBAK Energy Technology'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
	=	(39.176	+	2.761)	/	120.882
	=	0.35

CBAK Energy Technology (LTS:0A98) 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.

CBAK Energy Technology Debt-to-Equity Related Terms

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

CBAK Energy Technology (LTS:0A98) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CBAK Energy Technology Inc (LTS:0A98) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CBAT:USA B6JA:Germany

Address

CBAK Industrial Park, Meigui Street, Huayuankou Economic Zone, Liaoning Province, Dalian, CHN, 116450

Website

https://www.cbak.com.cn

CBAK Energy Technology Inc is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium-ion high-power rechargeable batteries which are mainly used in electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and other high power applications. The company manufactures five types of Li-ion rechargeable batteries namely aluminum-case cells, battery packs, cylindrical cells, lithium polymer cells, and high-power lithium battery cells. Geographically, it generates a majority of its revenue from Mainland China and also has an operation in Europe, the United States, Korea, and Other Countries.

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