Soltec Power Holdings (XMAD:SOL) Debt-to-Equity : 1.56 (As of Jun. 2023)

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What is Soltec Power Holdings Debt-to-Equity?

Soltec Power Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €99.3 Mil. Soltec Power Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €134.6 Mil. Soltec Power Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €149.5 Mil. Soltec Power Holdings's debt to equity for the quarter that ended in Jun. 2023 was 1.56.

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 Soltec Power Holdings's Debt-to-Equity or its related term are showing as below:

XMAD:SOL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 1.07 Max: 4.58
Current: 1.56

During the past 4 years, the highest Debt-to-Equity Ratio of Soltec Power Holdings was 4.58. The lowest was 0.71. And the median was 1.07.

XMAD:SOL's Debt-to-Equity is ranked worse than
92.91% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs XMAD:SOL: 1.56

Soltec Power Holdings Debt-to-Equity Historical Data

The historical data trend for Soltec Power 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.

* Premium members only.

Soltec Power Holdings Debt-to-Equity Chart

Soltec Power Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

4.58

0.71

0.75

1.07

Soltec Power Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial			0.81	0.75	1.10	1.07	1.56

Competitive Comparison of Soltec Power Holdings's Debt-to-Equity

For the Solar subindustry, Soltec Power 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.

Soltec Power Holdings's Debt-to-Equity Distribution in the Semiconductors Industry

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

* The bar in red indicates where Soltec Power Holdings's Debt-to-Equity falls into.

Soltec Power Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Soltec Power Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(98.68	+	75.54)	/	162.71
	=	1.07

Soltec Power Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(99.271	+	134.647)	/	149.546
	=	1.56

Soltec Power Holdings (XMAD:SOL) 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.

Soltec Power Holdings Debt-to-Equity Related Terms

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Soltec Power Holdings (XMAD:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Soltec Power Holdings SA (XMAD:SOL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0AC5:UK 5PZ:Germany

Address

Gabriel Campillo Street, Poligono Industrial la Serreta s/n, Molina de Segura, Murcia, ESP, 30500

Website

http://www.soltecpowerholdings.com

Soltec Power Holdings SA is specialized in providing integrated solutions in solar PV energy. The company designs, manufactures and installs solar tracking systems and develops solar power projects. Its business is divided into industrial (trackers and construction services) business line, which is also referred to as Soltec Industrial, and project development business line, which is also referred to as Powertis. It offers a portfolio of solar trackers, including the SF8 and SF7 single-axis trackers, the SF8 and SF7 bi-facial trackers and the SF7 Tandem.