China Longyuan Power Group (China Longyuan Power Group) Debt-to-Equity : 1.60 (As of Mar. 2024)

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What is China Longyuan Power Group Debt-to-Equity?

China Longyuan Power Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5,589 Mil. China Longyuan Power Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $10,727 Mil. China Longyuan Power Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $10,207 Mil. China Longyuan Power Group's debt to equity for the quarter that ended in Mar. 2024 was 1.60.

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 China Longyuan Power Group's Debt-to-Equity or its related term are showing as below:

CLPXY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.3 Med: 1.47 Max: 2.01
Current: 1.6

During the past 13 years, the highest Debt-to-Equity Ratio of China Longyuan Power Group was 2.01. The lowest was 1.30. And the median was 1.47.

CLPXY's Debt-to-Equity is ranked worse than
69.85% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.83 vs CLPXY: 1.60

China Longyuan Power Group Debt-to-Equity Historical Data

The historical data trend for China Longyuan Power Group'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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China Longyuan Power Group Debt-to-Equity Chart

China Longyuan Power Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.40

1.38

1.43

1.54

1.65

China Longyuan Power Group 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															1.60	1.59	1.66	1.65	1.60

Competitive Comparison of China Longyuan Power Group's Debt-to-Equity

For the Utilities - Renewable subindustry, China Longyuan Power Group'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.

China Longyuan Power Group's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where China Longyuan Power Group's Debt-to-Equity falls into.

China Longyuan Power Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Longyuan Power Group'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
	=	(6069.544	+	10293.574)	/	9932.196
	=	1.65

China Longyuan Power Group'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
	=	(5588.839	+	10726.829)	/	10207.201
	=	1.60

China Longyuan Power Group (OTCPK:CLPXY) 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.

China Longyuan Power Group Debt-to-Equity Related Terms

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China Longyuan Power Group (China Longyuan Power Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Longyuan Power Group Corp Ltd (OTCPK:CLPXY) » Definitions » Debt-to-Equity

Traded in Other Exchanges

CLPXF:USA 00916:Hong Kong 6WX:Germany 001289:China

Address

6 Fuchengmen North Street, Room 2006, 20th Floor, Block C, Xicheng District, Beijing, CHN

Website

http://www.clypg.com.cn

Longyuan is China's largest wind farm operator, with consolidated installed wind capacity of 26.2 gigawatts as of end-2022, representing about 7% of nationwide wind capacity. It has more than 400 wind farms spread across China, and has also expanded into other countries such as Canada and South Africa. Longyuan owns two coal-fired power plants in Jiangsu and operates other renewable assets such as solar, geothermal, and tidal energy on a limited scale. The consolidated installed capacity mix is about 84% wind, 6% thermal, and the remainder in other renewables. China Energy Investment, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of about 58.6%.

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