Debt-to-Equity Ratio

JD’s debt-to-equity ratio of 0.34x means the company uses 34 cents of debt for every dollar of shareholders’ equity — a low reliance on borrowing relative to its own funds.

This is below the Consumer Cyclical sector median of 0.47x, placing JD in the 35th percentile among peers, meaning 65% of sector companies carry higher leverage. The year-over-year change is not available, but the ratio dropped 32.0% quarter-over-quarter from 0.50x to 0.34x. A low and rapidly declining debt-to-equity ratio signals reduced financial risk, as JD is funding less of its operations with debt, though it could also indicate slower borrowing for growth. This combination of a low level and a sharp quarterly decrease suggests lower default risk, but investors should confirm the deleveraging reflects improved cash flow rather than asset sales. The metric supports the overall NEUTRAL verdict by showing conservative financial health without pointing to an aggressive catalyst for upward or downward re-rating.

Frequently Asked Questions

Closest Sector Peers