Solargiga Energy Holdings (Solargiga Energy Holdings) Debt-to-Equity : 1.24 (As of Dec. 2023)

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What is Solargiga Energy Holdings Debt-to-Equity?

Solargiga Energy Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $197 Mil. Solargiga Energy Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7 Mil. Solargiga Energy Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $165 Mil. Solargiga Energy Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.24.

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 Solargiga Energy Holdings's Debt-to-Equity or its related term are showing as below:

SEHLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.24 Med: 2.33 Max: 17.99
Current: 1.24

During the past 13 years, the highest Debt-to-Equity Ratio of Solargiga Energy Holdings was 17.99. The lowest was 1.24. And the median was 2.33.

SEHLF's Debt-to-Equity is ranked worse than
89.84% of 876 companies
in the Semiconductors industry
Industry Median: 0.27 vs SEHLF: 1.24

Solargiga Energy Holdings Debt-to-Equity Historical Data

The historical data trend for Solargiga Energy Holdings'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.

Solargiga Energy Holdings Debt-to-Equity Chart

Solargiga Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.18

17.99

5.90

1.24

Solargiga Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															5.90	7.25	1.24	1.05	1.24

Competitive Comparison of Solargiga Energy Holdings's Debt-to-Equity

For the Solar subindustry, Solargiga Energy Holdings'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.

Solargiga Energy Holdings's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solargiga Energy Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Solargiga Energy Holdings's Debt-to-Equity falls into.

Solargiga Energy Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solargiga Energy Holdings'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
	=	(197.05	+	7.206)	/	164.845
	=	1.24

Solargiga Energy Holdings's Debt to Equity Ratio for the quarter 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
	=	(197.05	+	7.206)	/	164.845
	=	1.24

Solargiga Energy Holdings (OTCPK:SEHLF) 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.

Solargiga Energy Holdings Debt-to-Equity Related Terms

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Solargiga Energy Holdings (Solargiga Energy Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solargiga Energy Holdings Ltd (OTCPK:SEHLF) » Definitions » Debt-to-Equity

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00757:Hong Kong 3FV:Germany

Address

25 Harbour Road, Room 1402, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.solargiga.com

Solargiga Energy Holdings Ltd is a supplier of upstream and downstream solar energy services. It is involved in the manufacturing of, trading of and provision of processing services for polysilicon and monocrystalline silicon solar ingots, the manufacturing, and trading of semiconductor and monocrystalline silicon solar cells, the manufacturing and trading of photovoltaic modules, and the construction and operation of photovoltaic power plants. The company derives the majority of its revenues from the manufacturing and trading of photovoltaic modules. It mainly operates in Mainland China, Japan, Taiwan, Europe, America, and other Asian regions.

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