Geely Automobile Holdings (LTS:0YZ2) Debt-to-Equity : 0.10 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Geely Automobile Holdings Debt-to-Equity?

Geely Automobile Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$824 Mil. Geely Automobile Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8,036 Mil. Geely Automobile Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$88,059 Mil. Geely Automobile Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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 Geely Automobile Holdings's Debt-to-Equity or its related term are showing as below:

LTS:0YZ2' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.18
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Geely Automobile Holdings was 0.18. The lowest was 0.04. And the median was 0.08.

LTS:0YZ2's Debt-to-Equity is ranked better than
83.76% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs LTS:0YZ2: 0.10

Geely Automobile Holdings Debt-to-Equity Historical Data

The historical data trend for Geely Automobile Holdings'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.

Geely Automobile Holdings Debt-to-Equity Chart

Geely Automobile Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.08

0.06

0.07

0.18

0.10

Geely Automobile Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.20	0.18	0.08	0.10

Competitive Comparison of Geely Automobile Holdings's Debt-to-Equity

For the Auto Manufacturers subindustry, Geely Automobile Holdings'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.

Geely Automobile Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Geely Automobile Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Geely Automobile Holdings'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
	=	(824.284	+	8035.532)	/	88058.852
	=	0.10

Geely Automobile Holdings'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
	=	(824.284	+	8035.532)	/	88058.852
	=	0.10

Geely Automobile Holdings (LTS:0YZ2) 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.

Geely Automobile Holdings Debt-to-Equity Related Terms

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

Geely Automobile Holdings (LTS:0YZ2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Geely Automobile Holdings Ltd (LTS:0YZ2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GELYY:USA GELYF:USA 00175:Hong Kong GRU:Germany GRU:Austria

Address

23 Harbour Road, Room 2301, 23rd Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

http://www.geelyauto.com.hk

Based in Hangzhou, Zhejiang province, Geely Automobile Holdings manufactures and sells passenger vehicles and automotive parts. Geely is the largest local brand manufacturer and the third largest passenger vehicle brand in terms of sales volume in China. The firm formed a joint venture with Volvo in 2016 to build cars under the Lynk & Co brand. The new brand targets a young audience with sales and marketing approaches closely resembling those of modern lifestyle brands. Including Lynk & Co, Geely sold about 1.4 million cars in 2022. The domestic market accounts for more than 90% of Geely's revenue, with the rest coming from other parts of the world.

Geely Automobile Holdings (LTS:0YZ2) Headlines

No Headlines