Xinyi Solar Holdings (HKSE:00968) Debt-to-Equity : 0.33 (As of Jun. 2023)

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What is Xinyi Solar Holdings Debt-to-Equity?

Xinyi Solar Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$5,897 Mil. Xinyi Solar Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$3,597 Mil. Xinyi Solar Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$29,028 Mil. Xinyi Solar Holdings's debt to equity for the quarter that ended in Jun. 2023 was 0.33.

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

HKSE:00968' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.52 Max: 1.07
Current: 0.36

During the past 12 years, the highest Debt-to-Equity Ratio of Xinyi Solar Holdings was 1.07. The lowest was 0.17. And the median was 0.52.

HKSE:00968's Debt-to-Equity is ranked worse than
59.18% of 882 companies
in the Semiconductors industry
Industry Median: 0.26 vs HKSE:00968: 0.36

Xinyi Solar Holdings Debt-to-Equity Historical Data

The historical data trend for Xinyi Solar 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.

Xinyi Solar Holdings Debt-to-Equity Chart

Xinyi Solar Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.52

0.26

0.29

0.30

0.36

Xinyi Solar Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.26	0.30	0.33	0.36

Competitive Comparison of Xinyi Solar Holdings's Debt-to-Equity

For the Solar subindustry, Xinyi Solar 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.

Xinyi Solar Holdings's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xinyi Solar Holdings's Debt-to-Equity distribution charts can be found below:

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

Xinyi Solar Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xinyi Solar Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(4408.139	+	4504.514)	/	29748.412
	=	0.30

Xinyi Solar Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(5896.803	+	3596.667)	/	29028.243
	=	0.33

Xinyi Solar Holdings (HKSE:00968) 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.

Xinyi Solar Holdings Debt-to-Equity Related Terms

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Xinyi Solar Holdings (HKSE:00968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinyi Solar Holdings Ltd (HKSE:00968) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XISHY:USA XNYIF:USA 13X:Germany

Address

Xinyi PV Glass Industrial Zone, 2 Xinyi Road, Wuhu Economic and Technology Development Zone, Anhui Province, Wuhu, CHN, 241009

Website

https://www.xinyisolar.com

Xinyi Solar Holdings Ltd is an investment holding company. Its activities consist of the production and sale of solar glass products, the development and operation of solar farms, and the provision of engineering, procurement, and construction (EPC) services. The company's segments include sales of solar glass; solar farm business which includes solar farm development and solar power generation; and EPC services. It derives revenue from two core business segments, namely the sale and manufacturing of solar glass and solar farm business. Its operations are held in the People's Republic of China and Other countries.

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