Arctech Solar Holding Co (SHSE:688408) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is Arctech Solar Holding Co Debt-to-Equity?

Arctech Solar Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥791 Mil. Arctech Solar Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥165 Mil. Arctech Solar Holding Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,941 Mil. Arctech Solar Holding Co's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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 Arctech Solar Holding Co's Debt-to-Equity or its related term are showing as below:

SHSE:688408' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.11 Max: 0.33
Current: 0.33

During the past 8 years, the highest Debt-to-Equity Ratio of Arctech Solar Holding Co was 0.33. The lowest was 0.03. And the median was 0.11.

SHSE:688408's Debt-to-Equity is ranked worse than
55.61% of 874 companies
in the Semiconductors industry
Industry Median: 0.27 vs SHSE:688408: 0.33

Arctech Solar Holding Co Debt-to-Equity Historical Data

The historical data trend for Arctech Solar Holding 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.

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Arctech Solar Holding Co Debt-to-Equity Chart

Arctech Solar Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.03

0.08

0.18

0.27

Arctech Solar Holding 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															0.19	0.20	0.20	0.27	0.33

Competitive Comparison of Arctech Solar Holding Co's Debt-to-Equity

For the Solar subindustry, Arctech Solar Holding 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.

Arctech Solar Holding Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Arctech Solar Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Arctech Solar Holding Co's Debt-to-Equity falls into.

Arctech Solar Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arctech Solar Holding 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
	=	(608.233	+	147.329)	/	2802.44
	=	0.27

Arctech Solar Holding 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
	=	(791.39	+	165.117)	/	2941.321
	=	0.33

Arctech Solar Holding Co (SHSE:688408) 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.

Arctech Solar Holding Co Debt-to-Equity Related Terms

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Arctech Solar Holding Co (SHSE:688408) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Arctech Solar Holding Co Ltd (SHSE:688408) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

2388 Huangpujiang Middle Road, Lujia Town, Jiangsu Province, Kunshan, CHN, 215331

Website

http://www.arctechsolar.in

Arctech Solar Holding Co Ltd is engaged in design, production and sales of photovoltaic brackets. The company manufacturers and provides solutions for solar tracking and racking systems for utilities, commercial, industrial and residential projects. Its products under Tracker include Skyline Tracking System; SkySmart Tracking System; Arctracker Pro with tilted modules; Tilt single axis tracker; and products under Mounting structure include Seasonal Tilt; Dual Pole Solutions; and Single Pole Solutions.

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