Beijing Jingneng Clean Energy Co (HKSE:00579) Debt-to-Equity : 1.51 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Beijing Jingneng Clean Energy Co Debt-to-Equity?

Beijing Jingneng Clean Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$16,095 Mil. Beijing Jingneng Clean Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$39,412 Mil. Beijing Jingneng Clean Energy Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$36,862 Mil. Beijing Jingneng Clean Energy Co's debt to equity for the quarter that ended in Dec. 2023 was 1.51.

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

HKSE:00579' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.34 Med: 1.5 Max: 2.29
Current: 1.51

During the past 13 years, the highest Debt-to-Equity Ratio of Beijing Jingneng Clean Energy Co was 2.29. The lowest was 1.34. And the median was 1.50.

HKSE:00579's Debt-to-Equity is ranked worse than
73.79% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs HKSE:00579: 1.51

Beijing Jingneng Clean Energy Co Debt-to-Equity Historical Data

The historical data trend for Beijing Jingneng Clean 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.

Beijing Jingneng Clean Energy Co Debt-to-Equity Chart

Beijing Jingneng Clean Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.35

1.45

1.57

1.49

1.51

Beijing Jingneng Clean Energy Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.49	1.58	1.27	1.51	N/A

Competitive Comparison of Beijing Jingneng Clean Energy Co's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, Beijing Jingneng Clean 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.

Beijing Jingneng Clean Energy Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Beijing Jingneng Clean Energy Co's Debt-to-Equity distribution charts can be found below:

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

Beijing Jingneng Clean Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing Jingneng Clean 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
	=	(16095.094	+	39412.291)	/	36861.99
	=	1.51

Beijing Jingneng Clean 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
	=	(16095.094	+	39412.291)	/	36861.99
	=	1.51

Beijing Jingneng Clean Energy Co (HKSE:00579) 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.

Beijing Jingneng Clean Energy Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Beijing Jingneng Clean Energy Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Beijing Jingneng Clean Energy Co (HKSE:00579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Beijing Jingneng Clean Energy Co Ltd (HKSE:00579) » Definitions » Debt-to-Equity

Traded in Other Exchanges

BJ6:Germany

Address

No. 6 Xibahe Road, 7/8/9 Floor, Chaoyang District, Beijing, CHN, 100028

Website

https://www.jncec.com

Beijing Jingneng Clean Energy Co Ltd H is a subsidiary of the Beijing Energy Holding Company, a state-owned investment enterprise operating in China. The company produces electricity and heat energy from its gas-fired, wind, hydro, and solar power plants. Gas- and wind-powered facilities are responsible for most of this output. Beijing Jingneng Clean Energy generates nearly all of its revenue from the sale of electricity and heat energy resulting from its gas-fired power generation sites. The company is the largest gas-fired power supplier in Beijing and one of the largest wind power operators in China.

Beijing Jingneng Clean Energy Co (HKSE:00579) Headlines

No Headlines