Irico Group New Energy Co (HKSE:00438) Debt-to-Equity : 2.96 (As of Dec. 2023)

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What is Irico Group New Energy Co Debt-to-Equity?

Irico Group New Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,260 Mil. Irico Group New Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,558 Mil. Irico Group New Energy Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,968 Mil. Irico Group New Energy Co's debt to equity for the quarter that ended in Dec. 2023 was 2.96.

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

HKSE:00438' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.29 Med: 5.16 Max: 40.15
Current: 2.96

During the past 13 years, the highest Debt-to-Equity Ratio of Irico Group New Energy Co was 40.15. The lowest was -10.29. And the median was 5.16.

HKSE:00438's Debt-to-Equity is ranked worse than
97.6% of 876 companies
in the Semiconductors industry
Industry Median: 0.27 vs HKSE:00438: 2.96

Irico Group New Energy Co Debt-to-Equity Historical Data

The historical data trend for Irico Group New 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.

Irico Group New Energy Co Debt-to-Equity Chart

Irico Group New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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7.36

0.98

1.12

1.73

2.96

Irico Group New Energy 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															1.12	1.58	1.73	2.23	2.96

Competitive Comparison of Irico Group New Energy Co's Debt-to-Equity

For the Solar subindustry, Irico Group New 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.

Irico Group New Energy Co's Debt-to-Equity Distribution in the Semiconductors Industry

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

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

Irico Group New Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Irico Group New Energy 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
	=	(3260.184	+	2558.014)	/	1968.009
	=	2.96

Irico Group New Energy 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
	=	(3260.184	+	2558.014)	/	1968.009
	=	2.96

Irico Group New Energy Co (HKSE:00438) 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.

Irico Group New Energy Co Debt-to-Equity Related Terms

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Irico Group New Energy Co (HKSE:00438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Irico Group New Energy Co Ltd (HKSE:00438) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 1 Caihong Road, Qingdu District, Shaanxi Province, Xianyang, CHN, 712021

Website

http://www.irico.com.cn/en

Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. It operates through the following segments: Solar photovoltaic & module business segment, and Others. The majority of its revenue is derived from Solar Photovoltaic, which includes Solar photovoltaic glass, Solar photovoltaic modules, Solar photovoltaic power stations, and Quartz sand business. Its geographical segments are China (excluding Hong Kong), Hong Kong, and Other countries, of which the majority of its revenue comes from China.

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