Clenergy Technology Co (SHSE:603628) Debt-to-Equity : 0.50 (As of Mar. 2024)

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What is Clenergy Technology Co Debt-to-Equity?

Clenergy Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥155 Mil. Clenergy Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥474 Mil. Clenergy Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,254 Mil. Clenergy Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.50.

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

SHSE:603628' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.5 Max: 0.86
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Clenergy Technology Co was 0.86. The lowest was 0.06. And the median was 0.50.

SHSE:603628's Debt-to-Equity is ranked worse than
68.95% of 876 companies
in the Semiconductors industry
Industry Median: 0.26 vs SHSE:603628: 0.50

Clenergy Technology Co Debt-to-Equity Historical Data

The historical data trend for Clenergy 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.

* Premium members only.

Clenergy Technology Co Debt-to-Equity Chart

Clenergy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.86

0.64

0.44

0.47

0.48

Clenergy 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															0.40	0.40	0.43	0.48	0.50

Competitive Comparison of Clenergy Technology Co's Debt-to-Equity

For the Solar subindustry, Clenergy 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.

Clenergy Technology Co's Debt-to-Equity Distribution in the Semiconductors Industry

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

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

Clenergy Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clenergy 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
	=	(182.757	+	416.696)	/	1243.583
	=	0.48

Clenergy 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
	=	(154.94	+	474.021)	/	1254.285
	=	0.50

Clenergy Technology Co (SHSE:603628) 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.

Clenergy Technology Co Debt-to-Equity Related Terms

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Clenergy Technology Co (SHSE:603628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Clenergy Technology Co Ltd (SHSE:603628) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1001, No. 1003, No. 1005, No. 1007, No. 1009, Min'an Avenue, Torch High-tech Zone, Industrial district, Xiang’an District, Fujian, Xiamen, CHN, 361101

Website

http://www.clenergy.com.cn

Clenergy Technology Co Ltd is engaged in the research and development, manufacturing and sales of photovoltaic power plant overall solutions and corresponding equipment. It offers smart microgrid solution, AC combiner box, DC combiner box, photovoltaic accessories, ground support systems and other products. In addition, the company is also involved in the clean energy service and clean energy investment.

Executives

Wang Xiao Ming	Supervisors
	Director
Wang Zhi Cheng	Supervisors
	Director

Clenergy Technology Co (SHSE:603628) Headlines

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