Geely Automobile Holdings (WBO:GRU) Debt-to-Equity : 0.09 (As of Jun. 2024)

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What is Geely Automobile Holdings Debt-to-Equity?

Geely Automobile Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €100 Mil. Geely Automobile Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €928 Mil. Geely Automobile Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €11,477 Mil. Geely Automobile Holdings's debt to equity for the quarter that ended in Jun. 2024 was 0.09.

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 Geely Automobile Holdings's Debt-to-Equity or its related term are showing as below:

WBO:GRU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.2
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Geely Automobile Holdings was 0.20. The lowest was 0.04. And the median was 0.08.

WBO:GRU's Debt-to-Equity is ranked better than
84.85% of 1188 companies
in the Vehicles & Parts industry
Industry Median: 0.475 vs WBO:GRU: 0.09

Geely Automobile Holdings Debt-to-Equity Historical Data

The historical data trend for Geely Automobile Holdings'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.

Geely Automobile Holdings Debt-to-Equity Chart

Geely Automobile Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.06

0.07

0.18

0.10

Geely Automobile Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.18	0.08	0.10	0.09

Competitive Comparison of Geely Automobile Holdings's Debt-to-Equity

For the Auto Manufacturers subindustry, Geely Automobile Holdings'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.

Geely Automobile Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Geely Automobile Holdings's Debt-to-Equity falls into.

Geely Automobile Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Geely Automobile Holdings'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
	=	(96.785	+	943.505)	/	10339.569
	=	0.10

Geely Automobile Holdings'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
	=	(100.343	+	928.01)	/	11476.876
	=	0.09

Geely Automobile Holdings (WBO:GRU) 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.

Geely Automobile Holdings Debt-to-Equity Related Terms

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Geely Automobile Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Geely Automobile Holdings Ltd (WBO:GRU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GELYY:USA GELYF:USA 175:Mexico 00175:Hong Kong 0YZ2:UK GRUA:Germany GRU:Germany GRU:Germany GRUA:Germany GRU:Germany GRU:Bulgaria

Address

23 Harbour Road, Room 2301, 23rd Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

http://www.geelyauto.com.hk

Based in Hangzhou, Zhejiang province, Geely Auto manufactures and sells passenger vehicles and automotive parts. Geely is the largest local brand manufacturer and the third-largest passenger vehicle brand in terms of sales volume in China. The firm formed a joint venture with Volvo in 2016 to build cars under the Lynk & Co brand. The brand targets a young audience with sales and marketing approaches closely resembling those of modern lifestyle brands. Including Lynk & Co, Geely sold about 1.7 million cars in 2023. The domestic market accounts for more than 80% of Geely's revenue, with the rest coming from other parts of the world.