LXEH (Lixiang Education Holding Co) Debt-to-Equity : 0.38 (As of Jun. 2024)

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What is Lixiang Education Holding Co Debt-to-Equity?

Lixiang Education Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $8.97 Mil. Lixiang Education Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.03 Mil. Lixiang Education Holding Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $23.63 Mil. Lixiang Education Holding Co's debt to equity for the quarter that ended in Jun. 2024 was 0.38.

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 Lixiang Education Holding Co's Debt-to-Equity or its related term are showing as below:

LXEH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.38 Max: 0.74
Current: 0.38

During the past 6 years, the highest Debt-to-Equity Ratio of Lixiang Education Holding Co was 0.74. The lowest was 0.07. And the median was 0.38.

LXEH's Debt-to-Equity is ranked worse than
53.02% of 232 companies
in the Education industry
Industry Median: 0.3 vs LXEH: 0.38

Lixiang Education Holding Co Debt-to-Equity Historical Data

The historical data trend for Lixiang Education Holding 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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Lixiang Education Holding Co Debt-to-Equity Chart

Lixiang Education Holding Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.49

0.07

0.65

0.29

0.49

Lixiang Education Holding Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial							0.74	0.29	0.34	0.49	0.38

Competitive Comparison of Lixiang Education Holding Co's Debt-to-Equity

For the Education & Training Services subindustry, Lixiang Education Holding 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.

Lixiang Education Holding Co's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Lixiang Education Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lixiang Education Holding Co's Debt-to-Equity falls into.

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Lixiang Education Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lixiang Education Holding 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
	=	(10.885	+	0)	/	22.045
	=	0.49

Lixiang Education Holding 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
	=	(8.973	+	0.034)	/	23.625
	=	0.38

Lixiang Education Holding Co (NAS:LXEH) 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.

Lixiang Education Holding Co Debt-to-Equity Related Terms

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Lixiang Education Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lixiang Education Holding Co Ltd (NAS:LXEH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 818 Hua Yuan Street, Liandu District, Zhejiang Province, Lishui, CHN, 323000

Website

https://www.lixiangeh.com

Lixiang Education Holding Co Ltd is a private primary and secondary education service provider in Lishui City, Zhejiang Province. Its private education services primarily include primary and middle school education from grade 1 to grade 9. The company also offers high school education services at its High School Divisions.