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Henan Shenhuo Coal & Power Co (SZSE:000933) Debt-to-Equity : 1.05 (As of Mar. 2024)


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What is Henan Shenhuo Coal & Power Co Debt-to-Equity?

Henan Shenhuo Coal & Power Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥15,844 Mil. Henan Shenhuo Coal & Power Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,238 Mil. Henan Shenhuo Coal & Power Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥20,969 Mil. Henan Shenhuo Coal & Power Co's debt to equity for the quarter that ended in Mar. 2024 was 1.05.

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 Henan Shenhuo Coal & Power Co's Debt-to-Equity or its related term are showing as below:

SZSE:000933' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.05   Med: 3.55   Max: 5.93
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of Henan Shenhuo Coal & Power Co was 5.93. The lowest was 1.05. And the median was 3.55.

SZSE:000933's Debt-to-Equity is ranked worse than
84.13% of 126 companies
in the Other Energy Sources industry
Industry Median: 0.235 vs SZSE:000933: 1.05

Henan Shenhuo Coal & Power Co Debt-to-Equity Historical Data

The historical data trend for Henan Shenhuo Coal & Power 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.

Henan Shenhuo Coal & Power Co Debt-to-Equity Chart

Henan Shenhuo Coal & Power Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.48 4.05 2.81 1.69 1.07

Henan Shenhuo Coal & Power 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.54 1.73 1.50 1.07 1.05

Competitive Comparison of Henan Shenhuo Coal & Power Co's Debt-to-Equity

For the Thermal Coal subindustry, Henan Shenhuo Coal & Power 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.


Henan Shenhuo Coal & Power Co's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Henan Shenhuo Coal & Power Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Henan Shenhuo Coal & Power Co's Debt-to-Equity falls into.



Henan Shenhuo Coal & Power Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Henan Shenhuo Coal & Power Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Henan Shenhuo Coal & Power Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Henan Shenhuo Coal & Power Co  (SZSE:000933) 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.


Henan Shenhuo Coal & Power Co Debt-to-Equity Related Terms

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Henan Shenhuo Coal & Power Co (SZSE:000933) Business Description

Traded in Other Exchanges
N/A
Address
17 Guangming Road, Dongcheng District, Henan Province, Yongcheng, CHN, 476600
Henan Shenhuo Coal & Power Co Ltd is a China-based company engaged in the manufacture, processing, and sale of coal, power generation, electrolytic aluminum and deep processing of products. Its products include coal products, aluminum smelting products, aluminum processing products and mechanical processing products.

Henan Shenhuo Coal & Power Co (SZSE:000933) Headlines

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