Sinotruk Jinan Truck Co (SZSE:000951) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Sinotruk Jinan Truck Co Debt-to-Equity?

Sinotruk Jinan Truck Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Sinotruk Jinan Truck Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Sinotruk Jinan Truck Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥15,000 Mil. Sinotruk Jinan Truck Co's debt to equity for the quarter that ended in Mar. 2024 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 Sinotruk Jinan Truck Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Sinotruk Jinan Truck Co was 1.52. The lowest was 0.04. And the median was 0.83.

SZSE:000951's Debt-to-Equity is not ranked ^*
in the Farm & Heavy Construction Machinery industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Sinotruk Jinan Truck Co Debt-to-Equity Historical Data

The historical data trend for Sinotruk Jinan Truck 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.

Sinotruk Jinan Truck Co Debt-to-Equity Chart

Sinotruk Jinan Truck Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.66

0.18

0.04

Sinotruk Jinan Truck Co 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															-	-	-	-	-

Competitive Comparison of Sinotruk Jinan Truck Co's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Sinotruk Jinan Truck 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.

Sinotruk Jinan Truck Co's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sinotruk Jinan Truck Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sinotruk Jinan Truck Co's Debt-to-Equity falls into.

Sinotruk Jinan Truck Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sinotruk Jinan Truck 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	+	0)	/	14725.058
	=	0.00

Sinotruk Jinan Truck Co'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
	=	(0	+	0)	/	14999.872
	=	0.00

Sinotruk Jinan Truck Co (SZSE:000951) 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.

Sinotruk Jinan Truck Co Debt-to-Equity Related Terms

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Sinotruk Jinan Truck Co (SZSE:000951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sinotruk Jinan Truck Co Ltd (SZSE:000951) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

South Head of Dangjiazhuang Town, Shizhong District, Shandong Province, Jinan, CHN, 250116

Website

http://www.cnhtc.com.cn

Sinotruk Jinan Truck Co Ltd formerly known as Cnhtc Jinan Truck Co Ltd is a China-based company operates in the heavy-duty truck industry. The business activity of the group includes research, development, manufacture, and sale of a variety of truck which includes special vehicles, military vehicles, private cars as well as engines and special chassis. Geographically operates through China and its products are made available in both Chinese and international market.

Executives

Song Qi Dong	Director
Yu You De	Director
Liu Gang	Director
Wan Chun Ling	Executives
Liu Wei	Director

Sinotruk Jinan Truck Co (SZSE:000951) Headlines

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