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United Faith Auto Engineering Co (SZSE:301112) Debt-to-Equity : 0.05 (As of Sep. 2024)


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What is United Faith Auto Engineering Co Debt-to-Equity?

United Faith Auto Engineering Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥41.2 Mil. United Faith Auto Engineering Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥20.5 Mil. United Faith Auto Engineering Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,226.0 Mil. United Faith Auto Engineering Co's debt to equity for the quarter that ended in Sep. 2024 was 0.05.

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 United Faith Auto Engineering Co's Debt-to-Equity or its related term are showing as below:

SZSE:301112' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 0.08
Current: 0.05

During the past 7 years, the highest Debt-to-Equity Ratio of United Faith Auto Engineering Co was 0.08. The lowest was 0.01. And the median was 0.03.

SZSE:301112's Debt-to-Equity is ranked better than
90.66% of 1188 companies
in the Vehicles & Parts industry
Industry Median: 0.475 vs SZSE:301112: 0.05

United Faith Auto Engineering Co Debt-to-Equity Historical Data

The historical data trend for United Faith Auto Engineering 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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United Faith Auto Engineering Co Debt-to-Equity Chart

United Faith Auto Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.05 0.04 0.02 0.01 0.02

United Faith Auto Engineering Co Quarterly Data
Dec18 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.02 0.02 0.05 0.05

Competitive Comparison of United Faith Auto Engineering Co's Debt-to-Equity

For the Auto Parts subindustry, United Faith Auto Engineering 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.


United Faith Auto Engineering Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, United Faith Auto Engineering Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where United Faith Auto Engineering Co's Debt-to-Equity falls into.



United Faith Auto Engineering Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Faith Auto Engineering Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

United Faith Auto Engineering Co's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


United Faith Auto Engineering Co  (SZSE:301112) 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.


United Faith Auto Engineering Co Debt-to-Equity Related Terms

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


United Faith Auto Engineering Co Business Description

Traded in Other Exchanges
N/A
Address
North side of Checheng Avenue, Auto City, Huadu District, Guangdong Province, Guangzhou, CHN, 510800
United Faith Auto Engineering Co Ltd is engaged in the research and development, Design, manufacturing, assembly and sales of automotive intelligence, automated production lines and complete sets of equipment.

United Faith Auto Engineering Co Headlines

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