Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Debt-to-Equity : 0.02 (As of Mar. 2024)

Solax Power Network Technology (Zhejiang) Co Debt-to-Equity Chart

Solax Power Network Technology (Zhejiang) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							N/A	0.02	0.03	0.02	0.02

Competitive Comparison of Solax Power Network Technology (Zhejiang) Co's Debt-to-Equity

For the Solar subindustry, Solax Power Network Technology (Zhejiang) 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.

Solax Power Network Technology (Zhejiang) Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solax Power Network Technology (Zhejiang) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Solax Power Network Technology (Zhejiang) Co's Debt-to-Equity falls into.

Solax Power Network Technology (Zhejiang) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solax Power Network Technology (Zhejiang) Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Solax Power Network Technology (Zhejiang) Co's Debt to Equity Ratio for the quarter that ended in Mar. 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.

Solax Power Network Technology (Zhejiang) Co  (SHSE:688717) 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.

Solax Power Network Technology (Zhejiang) Co Debt-to-Equity Related Terms

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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Business Description