TCL Zhonghuan Renewable Energy Technology Co (SZSE:002129) Debt-to-Equity : 1.12 (As of Mar. 2024)

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What is TCL Zhonghuan Renewable Energy Technology Co Debt-to-Equity?

TCL Zhonghuan Renewable Energy Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,828 Mil. TCL Zhonghuan Renewable Energy Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥41,779 Mil. TCL Zhonghuan Renewable Energy Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥40,583 Mil. TCL Zhonghuan Renewable Energy Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 1.12.

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 TCL Zhonghuan Renewable Energy Technology Co's Debt-to-Equity or its related term are showing as below:

SZSE:002129' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 1.03 Max: 1.79
Current: 1.12

During the past 13 years, the highest Debt-to-Equity Ratio of TCL Zhonghuan Renewable Energy Technology Co was 1.79. The lowest was 0.57. And the median was 1.03.

SZSE:002129's Debt-to-Equity is ranked worse than
88.65% of 881 companies
in the Semiconductors industry
Industry Median: 0.26 vs SZSE:002129: 1.12

TCL Zhonghuan Renewable Energy Technology Co Debt-to-Equity Historical Data

The historical data trend for TCL Zhonghuan Renewable Energy Technology 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.

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TCL Zhonghuan Renewable Energy Technology Co Debt-to-Equity Chart

TCL Zhonghuan Renewable Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.30

1.04

0.68

1.04

1.10

TCL Zhonghuan Renewable Energy Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.07	1.05	1.07	1.10	1.12

Competitive Comparison of TCL Zhonghuan Renewable Energy Technology Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, TCL Zhonghuan Renewable Energy Technology 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.

TCL Zhonghuan Renewable Energy Technology Co's Debt-to-Equity Distribution in the Semiconductors Industry

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

* The bar in red indicates where TCL Zhonghuan Renewable Energy Technology Co's Debt-to-Equity falls into.

TCL Zhonghuan Renewable Energy Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TCL Zhonghuan Renewable Energy Technology 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
	=	(4711.497	+	40918.368)	/	41483.747
	=	1.10

TCL Zhonghuan Renewable Energy Technology Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(3827.833	+	41778.675)	/	40582.939
	=	1.12

TCL Zhonghuan Renewable Energy Technology Co (SZSE:002129) 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.

TCL Zhonghuan Renewable Energy Technology Co Debt-to-Equity Related Terms

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TCL Zhonghuan Renewable Energy Technology Co (SZSE:002129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TCL Zhonghuan Renewable Energy Technology Co Ltd (SZSE:002129) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12 Haitai East Street, Huayuan Technology Park, New and High-Tech Industrial Development Zone, Tianjin, Tianjin, CHN, 300384

Website

http://www.tjsemi.com

TCL Zhonghuan is the second largest solar silicon wafer producer in China. It produced about 68.3GW solar wafers in 2022, accounting for 19.1% of total production in China. Solar wafers contributed 76% of revenue and 81% of gross profit in 2022. Zhonghuan is also a leading domestic semiconductor silicon wafer producer.

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