SDIC Power Holdings Co (SHSE:600886) Debt-to-Equity : 2.44 (As of Mar. 2024)

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What is SDIC Power Holdings Co Debt-to-Equity?

SDIC Power Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥19,186 Mil. SDIC Power Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥129,832 Mil. SDIC Power Holdings Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥61,099 Mil. SDIC Power Holdings Co's debt to equity for the quarter that ended in Mar. 2024 was 2.44.

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

SHSE:600886' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.44 Med: 3.56 Max: 6.01
Current: 2.44

During the past 13 years, the highest Debt-to-Equity Ratio of SDIC Power Holdings Co was 6.01. The lowest was 2.44. And the median was 3.56.

SHSE:600886's Debt-to-Equity is ranked worse than
85.09% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.8 vs SHSE:600886: 2.44

SDIC Power Holdings Co Debt-to-Equity Historical Data

The historical data trend for SDIC Power Holdings 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.

SDIC Power Holdings Co Debt-to-Equity Chart

SDIC Power Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.25

2.79

2.56

2.51

SDIC Power Holdings 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															2.51	2.55	2.46	2.51	2.44

Competitive Comparison of SDIC Power Holdings Co's Debt-to-Equity

For the Utilities - Renewable subindustry, SDIC Power Holdings 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.

SDIC Power Holdings Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SDIC Power Holdings Co's Debt-to-Equity distribution charts can be found below:

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

SDIC Power Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SDIC Power Holdings 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
	=	(21806.235	+	126458.733)	/	59066.529
	=	2.51

SDIC Power Holdings 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
	=	(19185.747	+	129832.11)	/	61099.331
	=	2.44

SDIC Power Holdings Co (SHSE:600886) 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.

SDIC Power Holdings Co Debt-to-Equity Related Terms

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

SDIC Power Holdings Co (SHSE:600886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SDIC Power Holdings Co Ltd (SHSE:600886) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Xizhimen Nanxiao Street, Room 1108, 11th Floor, Building 147, Xicheng District, Beijing, CHN, 100034

Website

https://www.sdicpower.com

SDIC Power Holdings Co Ltd is engaged in investment and construction, management of energy projects based on electric power generation, development and operation of renewable energy projects, high technology and eco-friendly industries, development and operation of the products associated with electric power as well as consultancy. The company's business areas are Coal-fired power; Hydropower; Wind, solar and other sustainable power, and others. It generates maximum revenue from the Hydropower segment.

SDIC Power Holdings Co (SHSE:600886) Headlines

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