Xinyi Electric Storage Holdings (HKSE:08328) Debt-to-Equity : 0.46 (As of Dec. 2023)

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What is Xinyi Electric Storage Holdings Debt-to-Equity?

Xinyi Electric Storage Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$386 Mil. Xinyi Electric Storage Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$164 Mil. Xinyi Electric Storage Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,190 Mil. Xinyi Electric Storage Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.46.

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 Xinyi Electric Storage Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:08328' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.31 Max: 0.46
Current: 0.46

During the past 10 years, the highest Debt-to-Equity Ratio of Xinyi Electric Storage Holdings was 0.46. The lowest was 0.04. And the median was 0.31.

HKSE:08328's Debt-to-Equity is ranked worse than
63.98% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:08328: 0.46

Xinyi Electric Storage Holdings Debt-to-Equity Historical Data

The historical data trend for Xinyi Electric Storage Holdings'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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Xinyi Electric Storage Holdings Debt-to-Equity Chart

Xinyi Electric Storage Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.04

0.31

0.46

Xinyi Electric Storage Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.31	N/A	0.50	N/A	0.46

Competitive Comparison of Xinyi Electric Storage Holdings's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Xinyi Electric Storage Holdings'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.

Xinyi Electric Storage Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Xinyi Electric Storage Holdings's Debt-to-Equity falls into.

Xinyi Electric Storage Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xinyi Electric Storage Holdings'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
	=	(385.696	+	163.68)	/	1190.186
	=	0.46

Xinyi Electric Storage Holdings'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
	=	(385.696	+	163.68)	/	1190.186
	=	0.46

Xinyi Electric Storage Holdings (HKSE:08328) 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.

Xinyi Electric Storage Holdings Debt-to-Equity Related Terms

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Xinyi Electric Storage Holdings (HKSE:08328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinyi Electric Storage Holdings Ltd (HKSE:08328) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

135 Hoi Bun Road, Unit 2116-2117, 21st Floor, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.xinyies.com

Xinyi Electric Storage Holdings Ltd is an investment holding company. The company's operating segment includes Electric storage business; EPC Services; Automobile glass repair and replacement services and others. It generates maximum revenue from the EPC Services segment. The EPC Services segment is engaged in the provision of EPC Services for photovoltaic power stations in the PRC and Canada. Geographically, the company generates revenue from Canada, Hong Kong, Others and The PRC, being the majority revenue generator.

Executives

Sze Tan Hung	2202 Interest of your spouse
Tung Ching Sai	2201 Interest of corporation controlled by you
Lee Yin Yee	2201 Interest of corporation controlled by you
Tung Ching Bor	2201 Interest of corporation controlled by you
Lee Sing Din	2201 Interest of corporation controlled by you
Li Ching Leung	2201 Interest of corporation controlled by you
Li Ching Wai	2201 Interest of corporation controlled by you
Ng Ngan Ho	2201 Interest of corporation controlled by you
Sze Nang Sze	2201 Interest of corporation controlled by you
Tung Hai Chi	2202 Interest of your spouse

Xinyi Electric Storage Holdings (HKSE:08328) Headlines

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