Shenergy Co (SHSE:600642) Debt-to-Equity : 1.12 (As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Shenergy Co Debt-to-Equity?

Shenergy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥13,630 Mil. Shenergy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥26,217 Mil. Shenergy Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥35,751 Mil. Shenergy Co's debt to equity for the quarter that ended in Mar. 2024 was 1.11.

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

SHSE:600642' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.62 Max: 1.25
Current: 1.12

During the past 13 years, the highest Debt-to-Equity Ratio of Shenergy Co was 1.25. The lowest was 0.29. And the median was 0.62.

SHSE:600642's Debt-to-Equity is ranked worse than
58.66% of 479 companies
in the Utilities - Regulated industry
Industry Median: 0.89 vs SHSE:600642: 1.12

Shenergy Co Debt-to-Equity Historical Data

The historical data trend for Shenergy 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.

Shenergy Co Debt-to-Equity Chart

Shenergy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.64

0.81

0.98

1.17

1.18

Shenergy 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															1.15	1.19	1.25	1.18	1.12

Competitive Comparison of Shenergy Co's Debt-to-Equity

For the Utilities - Diversified subindustry, Shenergy 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.

Shenergy Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

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

Shenergy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenergy 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
	=	(13284.798	+	26255.5)	/	33538.08
	=	1.18

Shenergy 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
	=	(13630.128	+	26216.587)	/	35751.432
	=	1.11

Shenergy Co (SHSE:600642) 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.

Shenergy Co Debt-to-Equity Related Terms

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

Shenergy Co (SHSE:600642) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenergy Co Ltd (SHSE:600642) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongjing Road 159, 5th Floor, Shanghai, CHN, 201103

Website

http://www.shenergy.net.cn

Shenergy Co Ltd is engaged in the electric power and energy industry in China. Its main business includes the investment, construction, operation, and management of electric power, petroleum, and natural gas. The company has invested and completed electric power projects, which are distributed in various fields such as thermal power, natural gas power, hydropower and nuclear power.

Executives

Xie Feng	senior management
Wang Zhen Yu	senior management
Shu Tong	senior management
Yu Yong Lin	Director
Liu Xian Jun	Supervisors
Zhou Yan Fei	Director
Xi Li Qiang	Director
Xu Wei Quan	Director
Li Wei Yi	senior management
Xu Ren Zhong	Supervisors
Xu Guo Bao	Director
Zhou Cheng Bin	Supervisors
Hua Shi Chao	senior management
Wu Jian Xiong	Director
Song Xue Feng	Supervisors

Shenergy Co (SHSE:600642) Headlines

No Headlines