Shanghai Electric Wind Power Group Co (SHSE:688660) Debt-to-Equity : 0.73 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Shanghai Electric Wind Power Group Co Debt-to-Equity?

Shanghai Electric Wind Power Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,450 Mil. Shanghai Electric Wind Power Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,650 Mil. Shanghai Electric Wind Power Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,656 Mil. Shanghai Electric Wind Power Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.72.

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 Shanghai Electric Wind Power Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:688660' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.51 Max: 1.67
Current: 0.73

During the past 7 years, the highest Debt-to-Equity Ratio of Shanghai Electric Wind Power Group Co was 1.67. The lowest was 0.26. And the median was 0.51.

SHSE:688660's Debt-to-Equity is ranked better than
52.56% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs SHSE:688660: 0.73

Shanghai Electric Wind Power Group Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Electric Wind Power Group 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.

Shanghai Electric Wind Power Group Co Debt-to-Equity Chart

Shanghai Electric Wind Power Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.49

0.26

0.57

0.78

Shanghai Electric Wind Power Group Co Quarterly Data
	Mar19	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															0.64	0.72	0.74	0.78	0.73

Competitive Comparison of Shanghai Electric Wind Power Group Co's Debt-to-Equity

For the Utilities - Renewable subindustry, Shanghai Electric Wind Power Group 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.

Shanghai Electric Wind Power Group Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Shanghai Electric Wind Power Group Co's Debt-to-Equity falls into.

Shanghai Electric Wind Power Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Electric Wind Power Group 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
	=	(2305.938	+	2282.346)	/	5865.195
	=	0.78

Shanghai Electric Wind Power Group 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
	=	(1450.05	+	2649.833)	/	5656.039
	=	0.72

Shanghai Electric Wind Power Group Co (SHSE:688660) 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.

Shanghai Electric Wind Power Group Co Debt-to-Equity Related Terms

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

Shanghai Electric Wind Power Group Co (SHSE:688660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shanghai Electric Wind Power Group Co Ltd (SHSE:688660) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 555, Dongchuan Road, 8th Floor, Building, Minhang District, Shanghai, CHN, 200240

Website

https://www.shanghai-electric.com

Shanghai Electric Wind Power Group Co Ltd is engaged in the design, research and development, manufacturing and sales, and aftermarket supporting services of Wind power equipment.

Executives

Huang Feng Feng	senior management
Wang Hong Chun	Supervisors
Qiao Yin Ping	Director
Wang Yong	Directors, senior managers
Liu Xiang Nan	Directors, senior managers
Wu Gai	Directors, senior managers
Wang Ming Jun	senior management
Zheng Gang	Directors, senior managers
Zhu Zhi Quan	Core technical personnel

Shanghai Electric Wind Power Group Co (SHSE:688660) Headlines

No Headlines