Harbin Electric Co (HKSE:01133) Debt-to-Equity : 0.89 (As of Dec. 2023)

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What is Harbin Electric Co Debt-to-Equity?

Harbin Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$11,498 Mil. Harbin Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,924 Mil. Harbin Electric Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$15,165 Mil. Harbin Electric Co's debt to equity for the quarter that ended in Dec. 2023 was 0.89.

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

HKSE:01133' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 0.87 Max: 1.74
Current: 0.89

During the past 13 years, the highest Debt-to-Equity Ratio of Harbin Electric Co was 1.74. The lowest was 0.55. And the median was 0.87.

HKSE:01133's Debt-to-Equity is ranked worse than
84.51% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs HKSE:01133: 0.89

Harbin Electric Co Debt-to-Equity Historical Data

The historical data trend for Harbin Electric 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.

Harbin Electric Co Debt-to-Equity Chart

Harbin Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.76

0.86

1.28

1.26

0.89

Harbin Electric Co 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															1.28	1.39	1.26	1.28	0.89

Competitive Comparison of Harbin Electric Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Harbin Electric 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.

Harbin Electric Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harbin Electric Co's Debt-to-Equity distribution charts can be found below:

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

Harbin Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harbin Electric 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
	=	(11497.798	+	1923.945)	/	15164.918
	=	0.89

Harbin Electric Co's Debt to Equity Ratio for the quarter 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
	=	(11497.798	+	1923.945)	/	15164.918
	=	0.89

Harbin Electric Co (HKSE:01133) 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.

Harbin Electric Co Debt-to-Equity Related Terms

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Harbin Electric Co (HKSE:01133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Electric Co Ltd (HKSE:01133) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HP6H:Germany

Address

1399 Chuangxinyi Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150028

Website

https://www.hpec.com

Harbin Electric Co Ltd is a China-based manufacturer of power plant equipment. The company operates in six segments: Thermal power equipment, Hydropower equipment, Power station engineering services, Power station auxiliary equipment and ancillary products, Nuclear products, AC & DC motors, and others. Some of its products are grade boilers, steam turbines, steam turbine generators, voltage stabilizers, gasifiers, nuclear main pump motors, passive surplus drains, petrochemical vessels & axial fans, and power station auxiliary equipment. Its geographical segments are China, which accounts for the majority of revenue; Pakistan; the United Arab Emirates; Ecuador; Iraq; and other countries.

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