Shenzhen Sunrise New Energy Co (SZSE:002256) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Shenzhen Sunrise New Energy Co Debt-to-Equity?

Shenzhen Sunrise New Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥16.3 Mil. Shenzhen Sunrise New Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥28.6 Mil. Shenzhen Sunrise New Energy Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,279.3 Mil. Shenzhen Sunrise New Energy Co's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 Shenzhen Sunrise New Energy Co's Debt-to-Equity or its related term are showing as below:

SZSE:002256' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.27 Max: 1.26
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Shenzhen Sunrise New Energy Co was 1.26. The lowest was 0.03. And the median was 0.27.

SZSE:002256's Debt-to-Equity is ranked better than
88.85% of 1399 companies
in the Chemicals industry
Industry Median: 0.35 vs SZSE:002256: 0.04

Shenzhen Sunrise New Energy Co Debt-to-Equity Historical Data

The historical data trend for Shenzhen Sunrise New 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.

* Premium members only.

Shenzhen Sunrise New Energy Co Debt-to-Equity Chart

Shenzhen Sunrise New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.40

0.07

0.04

0.03

Shenzhen Sunrise New Energy 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															0.04	0.04	0.04	0.03	0.04

Competitive Comparison of Shenzhen Sunrise New Energy Co's Debt-to-Equity

For the Chemicals subindustry, Shenzhen Sunrise New 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.

Shenzhen Sunrise New Energy Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen Sunrise New Energy Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shenzhen Sunrise New Energy Co's Debt-to-Equity falls into.

Shenzhen Sunrise New Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shenzhen Sunrise New Energy 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
	=	(15.004	+	27.324)	/	1277.42
	=	0.03

Shenzhen Sunrise New Energy 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
	=	(16.326	+	28.609)	/	1279.345
	=	0.04

Shenzhen Sunrise New Energy Co (SZSE:002256) 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.

Shenzhen Sunrise New Energy Co Debt-to-Equity Related Terms

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Shenzhen Sunrise New Energy Co (SZSE:002256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Sunrise New Energy Co Ltd (SZSE:002256) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

6th Floor, 11th Building, Kejizhong 2nd Road, Shenzhen Software Park Phase II, Hi-tech Industrial Park, Nanshan District, ShenZhen, CHN, 518057

Website

http://www.7cf.com

Shenzhen Sunrise New Energy Co Ltd operates in the chemical raw materials and chemical manufacturing. The business of the company includes environmental protection coating, green household products, and environment car care products. The products of the company include spray paint, spray lubricants, motor engine care, car wax, car cleaner, complete car care, household care, industrial care, and wall paint.

Shenzhen Sunrise New Energy Co (SZSE:002256) Headlines

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