Ning Xia Yin Xing Energy Co (SZSE:000862) Debt-to-Equity : 0.82 (As of Mar. 2024)

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What is Ning Xia Yin Xing Energy Co Debt-to-Equity?

Ning Xia Yin Xing Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,384 Mil. Ning Xia Yin Xing Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,057 Mil. Ning Xia Yin Xing Energy Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,203 Mil. Ning Xia Yin Xing Energy Co's debt to equity for the quarter that ended in Mar. 2024 was 0.82.

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 Ning Xia Yin Xing Energy Co's Debt-to-Equity or its related term are showing as below:

SZSE:000862' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 2.31 Max: 22.79
Current: 0.82

During the past 13 years, the highest Debt-to-Equity Ratio of Ning Xia Yin Xing Energy Co was 22.79. The lowest was 0.75. And the median was 2.31.

SZSE:000862's Debt-to-Equity is ranked worse than
82.26% of 2616 companies
in the Industrial Products industry
Industry Median: 0.28 vs SZSE:000862: 0.82

Ning Xia Yin Xing Energy Co Debt-to-Equity Historical Data

The historical data trend for Ning Xia Yin Xing 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.

Ning Xia Yin Xing Energy Co Debt-to-Equity Chart

Ning Xia Yin Xing Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.27

2.22

1.45

1.08

0.87

Ning Xia Yin Xing Energy 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															0.75	1.23	0.77	0.87	0.82

Competitive Comparison of Ning Xia Yin Xing Energy Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Ning Xia Yin Xing 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.

Ning Xia Yin Xing Energy Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ning Xia Yin Xing Energy Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ning Xia Yin Xing Energy Co's Debt-to-Equity falls into.

Ning Xia Yin Xing Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ning Xia Yin Xing 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
	=	(1474.038	+	2137.152)	/	4155.136
	=	0.87

Ning Xia Yin Xing Energy 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
	=	(1384.141	+	2056.752)	/	4203.323
	=	0.82

Ning Xia Yin Xing Energy Co (SZSE:000862) 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.

Ning Xia Yin Xing Energy Co Debt-to-Equity Related Terms

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Ning Xia Yin Xing Energy Co (SZSE:000862) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ning Xia Yin Xing Energy Co Ltd (SZSE:000862) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.166, Liupanshan West Road, Xixia District, Ningxia, Wuzhong, CHN, 750021

Website

http://www.nxyxny.com.cn

Ning Xia Yin Xing Energy Co Ltd is a China-based company engaged in the energy equipment manufacturing. The company operates through two business divisions including renewable energy generation and renewable energy equipment manufacturing. The renewable energy equipment manufacturing consists of wind power equipment manufacturing and solar photovoltaic power equipment manufacturing. The company is engaged in renewable energy generation through its wind farms located at china. It also offers products for renewable energy equipment manufacturing including photovoltaic cells, photovoltaic modules, wind tower, wind power gearbox, and wind turbine.

Executives

Zhu Huai Wen

Executives

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