Longhorn Auto Co (SZSE:301488) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Longhorn Auto Co Debt-to-Equity?

Longhorn Auto Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6 Mil. Longhorn Auto Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥16 Mil. Longhorn Auto Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,271 Mil. Longhorn Auto Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

SZSE:301488' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 1.1
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of Longhorn Auto Co was 1.10. The lowest was 0.02. And the median was 0.12.

SZSE:301488's Debt-to-Equity is ranked better than
97.37% of 1178 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs SZSE:301488: 0.02

Longhorn Auto Co Debt-to-Equity Historical Data

The historical data trend for Longhorn Auto 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.

Longhorn Auto Co Debt-to-Equity Chart

Longhorn Auto Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.66

0.58

0.10

0.04

Longhorn Auto Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.12	0.03	0.03	0.04	0.02

Competitive Comparison of Longhorn Auto Co's Debt-to-Equity

For the Auto Parts subindustry, Longhorn Auto 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.

Longhorn Auto Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Longhorn Auto Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Longhorn Auto 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
	=	(25.604	+	17.671)	/	1253.358
	=	0.03

Longhorn Auto 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
	=	(6.452	+	15.755)	/	1271.436
	=	0.02

Longhorn Auto Co (SZSE:301488) 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.

Longhorn Auto Co Debt-to-Equity Related Terms

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

Longhorn Auto Co (SZSE:301488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Longhorn Auto Co Ltd (SZSE:301488) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Dalang Street, Tongsheng Community, Floor 1, Floor 3, Building A, Building B, Tongfuyu Third Functional Zone, Longhua, Guangdong, Shenzhen, CHN, 518109

Website

http://www.longhorn-auto.com

Longhorn Auto Co Ltd is engaged in Research & development, design, manufacture and sales of automotive intelligent driving perception systems. Its products include technical development of reversing radar, tire pressure gauge, mold, HUD, portable TV, rear view system, electronic body stabilization system, vehicle multimedia, and anti-collision radar.

Longhorn Auto Co (SZSE:301488) Headlines

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