Tunghsu Azure Renewable Energy Co (SZSE:000040) Debt-to-Equity : 0.71 (As of Sep. 2023)

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What is Tunghsu Azure Renewable Energy Co Debt-to-Equity?

Tunghsu Azure Renewable Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥5,139 Mil. Tunghsu Azure Renewable Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥2,881 Mil. Tunghsu Azure Renewable Energy Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥11,312 Mil. Tunghsu Azure Renewable Energy Co's debt to equity for the quarter that ended in Sep. 2023 was 0.71.

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 Tunghsu Azure Renewable Energy Co's Debt-to-Equity or its related term are showing as below:

SZSE:000040' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.71 Max: 2.63
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Tunghsu Azure Renewable Energy Co was 2.63. The lowest was 0.35. And the median was 0.71.

SZSE:000040's Debt-to-Equity is ranked better than
54.87% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs SZSE:000040: 0.71

Tunghsu Azure Renewable Energy Co Debt-to-Equity Historical Data

The historical data trend for Tunghsu Azure Renewable 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.

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Tunghsu Azure Renewable Energy Co Debt-to-Equity Chart

Tunghsu Azure Renewable Energy Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.64

0.68

0.65

0.75

0.72

Tunghsu Azure Renewable Energy Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.76	0.72	0.72	0.71	0.71

Competitive Comparison of Tunghsu Azure Renewable Energy Co's Debt-to-Equity

For the Utilities - Renewable subindustry, Tunghsu Azure Renewable 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.

Tunghsu Azure Renewable Energy Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Tunghsu Azure Renewable Energy Co's Debt-to-Equity falls into.

Tunghsu Azure Renewable Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tunghsu Azure Renewable Energy Co'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
	=	(4439.614	+	3637.349)	/	11264.291
	=	0.72

Tunghsu Azure Renewable Energy Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(5139.054	+	2880.802)	/	11312.004
	=	0.71

Tunghsu Azure Renewable Energy Co (SZSE:000040) 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.

Tunghsu Azure Renewable Energy Co Debt-to-Equity Related Terms

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Tunghsu Azure Renewable Energy Co (SZSE:000040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tunghsu Azure Renewable Energy Co Ltd (SZSE:000040) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

25-27th Floor Hongji Building, No 1011 Dong Men Zhong Road, Guangdong, Shenzhen, CHN, 518001

Website

http://www.dongxulantian.com

Tunghsu Azure Renewable Energy Co Ltd is engaged in the business of new energy and ecological protection. It offers smart energy with multi-complementary, integrated distribution, and cogeneration of cold and heat, through environmental protection. The company also provides a package of green development solution. Its business scope covers ecological comprehensive management, water environment restoration and operation, soil and mine restoration, and hazardous waste/solid waste treatment. In addition, it provides local governments with planning and design in the fields of infrastructure construction and eco-environmental protection, investment, construction, operations, management, and other life cycle solutions.

Executives

Chen Wei	Director
Li Dong Ming	Executives
You Ming Tian	Supervisors
Chen Han Zhong	Executives
Luo Wei Guang	Executives
Yan Jin Hui	Director
Qiu Sheng Kai	Executives
Huang Xu Hui	Executives
Deng Xue Qin	Director
Shen Shu Jiang	Executives
Lin Yin Fu	Supervisors
Zhou Ke Tian	Director

Tunghsu Azure Renewable Energy Co (SZSE:000040) Headlines

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