Sieyuan Electric Co (SZSE:002028) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Sieyuan Electric Co Debt-to-Equity?

Sieyuan Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥114 Mil. Sieyuan Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥43 Mil. Sieyuan Electric Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥10,783 Mil. Sieyuan Electric Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

SZSE:002028' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.02
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Sieyuan Electric Co was 0.02. The lowest was 0.00. And the median was 0.01.

SZSE:002028's Debt-to-Equity is ranked better than
93.91% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:002028: 0.02

Sieyuan Electric Co Debt-to-Equity Historical Data

The historical data trend for Sieyuan Electric 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.

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Sieyuan Electric Co Debt-to-Equity Chart

Sieyuan Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

Sieyuan Electric 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															0.02	0.01	0.01	0.02	0.02

Competitive Comparison of Sieyuan Electric Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Sieyuan Electric 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.

Sieyuan Electric Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Sieyuan Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sieyuan Electric 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
	=	(113.992	+	42.75)	/	10384.239
	=	0.02

Sieyuan Electric 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
	=	(113.98	+	42.986)	/	10783.127
	=	0.01

Sieyuan Electric Co (SZSE:002028) 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.

Sieyuan Electric Co Debt-to-Equity Related Terms

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Sieyuan Electric Co (SZSE:002028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sieyuan Electric Co Ltd (SZSE:002028) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 3399 Huaning Road, Minhang District, Shanghai, CHN, 201108

Website

http://en.sieyuan.com

Sieyuan Electric Co Ltd is a China-based company provides electrical equipment and services. The group primarily specializes in the research and development of electric power technology, equipment manufacturing, and engineering services. Siyuan Electric's business involves power, metallurgy, railway, petrochemical, coal, port and other industries. The products offered by the company include Capacitor, reactor, high voltage SVG, Intelligent terminal, auxiliary system, string harmonic, oil chromatography, UV imager and others. Geographically, it holds a presence in both the Chinese and international market.

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