Lingyun Industrial (SHSE:600480) Debt-to-Equity : 0.43 (As of Mar. 2024)

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What is Lingyun Industrial Debt-to-Equity?

Lingyun Industrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,953 Mil. Lingyun Industrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,132 Mil. Lingyun Industrial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥7,266 Mil. Lingyun Industrial's debt to equity for the quarter that ended in Mar. 2024 was 0.42.

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 Lingyun Industrial's Debt-to-Equity or its related term are showing as below:

SHSE:600480' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.81 Max: 1.46
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Lingyun Industrial was 1.46. The lowest was 0.43. And the median was 0.81.

SHSE:600480's Debt-to-Equity is ranked better than
53.19% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs SHSE:600480: 0.43

Lingyun Industrial Debt-to-Equity Historical Data

The historical data trend for Lingyun Industrial'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.

Lingyun Industrial Debt-to-Equity Chart

Lingyun Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.73

0.98

0.92

0.55

0.43

Lingyun Industrial 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															0.52	0.54	0.52	0.43	0.43

Competitive Comparison of Lingyun Industrial's Debt-to-Equity

For the Auto Parts subindustry, Lingyun Industrial'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.

Lingyun Industrial's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Lingyun Industrial's Debt-to-Equity falls into.

Lingyun Industrial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lingyun Industrial'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
	=	(1852.004	+	1133.135)	/	7010.912
	=	0.43

Lingyun Industrial'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
	=	(1953.473	+	1131.923)	/	7265.861
	=	0.42

Lingyun Industrial (SHSE:600480) 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.

Lingyun Industrial Debt-to-Equity Related Terms

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

Lingyun Industrial (SHSE:600480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lingyun Industrial Corp Ltd (SHSE:600480) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Songlindian Town, Zhuozhou, Hebei, CHN, 072761

Website

http://www.lingyun.com.cn

Lingyun Industrial Corp Ltd is a China-based company engaged in the production and distribution of metal auto parts, plastic auto parts, and PE pipe system. The company's main products include Battery case, Injection welding pipe fittings, Pipe products, Electric heating pipe fittings, PP winding tube, Decorative seal, Car decoration and Car rubber and nylon pipe.

Lingyun Industrial (SHSE:600480) Headlines

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