Shanghai Taisheng Wind Power Equipment Co (SZSE:300129) Debt-to-Equity : 0.24 (As of Mar. 2024)

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What is Shanghai Taisheng Wind Power Equipment Co Debt-to-Equity?

Shanghai Taisheng Wind Power Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥666 Mil. Shanghai Taisheng Wind Power Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥393 Mil. Shanghai Taisheng Wind Power Equipment Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,352 Mil. Shanghai Taisheng Wind Power Equipment Co's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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 Taisheng Wind Power Equipment Co's Debt-to-Equity or its related term are showing as below:

SZSE:300129' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.24
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Shanghai Taisheng Wind Power Equipment Co was 0.24. The lowest was 0.00. And the median was 0.01.

SZSE:300129's Debt-to-Equity is ranked better than
55.7% of 2632 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:300129: 0.24

Shanghai Taisheng Wind Power Equipment Co Debt-to-Equity Historical Data

The historical data trend for Shanghai Taisheng Wind Power Equipment 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 Taisheng Wind Power Equipment Co Debt-to-Equity Chart

Shanghai Taisheng Wind Power Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.08

0.11

Shanghai Taisheng Wind Power Equipment 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															0.10	0.09	0.12	0.11	0.24

Competitive Comparison of Shanghai Taisheng Wind Power Equipment Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Shanghai Taisheng Wind Power Equipment 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 Taisheng Wind Power Equipment Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Taisheng Wind Power Equipment Co's Debt-to-Equity distribution charts can be found below:

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

Shanghai Taisheng Wind Power Equipment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai Taisheng Wind Power Equipment 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
	=	(115.478	+	346.963)	/	4299.69
	=	0.11

Shanghai Taisheng Wind Power Equipment 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
	=	(666.424	+	393.272)	/	4352.465
	=	0.24

Shanghai Taisheng Wind Power Equipment Co (SZSE:300129) 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 Taisheng Wind Power Equipment Co Debt-to-Equity Related Terms

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Shanghai Taisheng Wind Power Equipment Co (SZSE:300129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Taisheng Wind Power Equipment Co Ltd (SZSE:300129) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1988 East Weiqing Road, Jinshanzui Industrial District, Jinshan District, Shanghai, CHN, 201508

Website

http://www.shtspchina.com

Shanghai Taisheng Wind Power Equipment Co Ltd is a China-based company. It is principally engaged in the research, development, manufacture, and sales of wind power generation equipment. The company's products are mainly used in offshore wind power generation and marine engineering. Shanghai is also involved in the operation and maintenance of wind farms.

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