Xinte Energy Co (HKSE:01799) Debt-to-Equity : 0.77 (As of Jun. 2023)

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What is Xinte Energy Co Debt-to-Equity?

Xinte Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$11,875 Mil. Xinte Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$19,040 Mil. Xinte Energy Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$40,371 Mil. Xinte Energy Co's debt to equity for the quarter that ended in Jun. 2023 was 0.77.

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

HKSE:01799' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.76 Med: 1.23 Max: 1.88
Current: 0.76

During the past 10 years, the highest Debt-to-Equity Ratio of Xinte Energy Co was 1.88. The lowest was 0.76. And the median was 1.23.

HKSE:01799's Debt-to-Equity is ranked worse than
80.73% of 882 companies
in the Semiconductors industry
Industry Median: 0.26 vs HKSE:01799: 0.76

Xinte Energy Co Debt-to-Equity Historical Data

The historical data trend for Xinte Energy 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.

Xinte Energy Co Debt-to-Equity Chart

Xinte Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.41

1.88

1.22

0.76

Xinte Energy Co Semi-Annual Data
	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														1.22	1.13	0.76	0.77	0.76

Competitive Comparison of Xinte Energy Co's Debt-to-Equity

For the Solar subindustry, Xinte Energy 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.

Xinte Energy Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xinte Energy Co's Debt-to-Equity distribution charts can be found below:

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

Xinte Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xinte Energy Co'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
	=	(7407.188	+	19646.199)	/	35421.507
	=	0.76

Xinte Energy Co'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
	=	(11874.614	+	19040.145)	/	40371.221
	=	0.77

Xinte Energy Co (HKSE:01799) 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.

Xinte Energy Co Debt-to-Equity Related Terms

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Xinte Energy Co (HKSE:01799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinte Energy Co Ltd (HKSE:01799) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

9M7:Germany

Address

No. 2249, Zhongxin Street, Ganquanpu Economic and Technological Development Zone, Xinjiang, Urumqi, CHN

Website

https://www.xinteenergy.com

Xinte Energy Co Ltd is engaged in the manufacturing of solar-grade polysilicon and photovoltaic project developers. It operates in four segments: Polysilicon, Construction of wind power & PV power plants, Operation of wind power & PV power plants, and Others. Other segments mainly comprise businesses including manufacturing and sales of the inverter, flexible direct current transmission converter valve, SVG, and other miscellaneous services. Business activity functions in the region of China.

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