SolarWorld AG (SolarWorld AG) Debt-to-Equity : 3.21 (As of Dec. 2016)

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What is SolarWorld AG Debt-to-Equity?

SolarWorld AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was $72.3 Mil. SolarWorld AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was $339.6 Mil. SolarWorld AG's Total Stockholders Equity for the quarter that ended in Dec. 2016 was $128.5 Mil. SolarWorld AG's debt to equity for the quarter that ended in Dec. 2016 was 3.21.

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 SolarWorld AG's Debt-to-Equity or its related term are showing as below:

SRWRF's Debt-to-Equity is not ranked ^*
in the Semiconductors industry.
Industry Median: 0.26
* Ranked among companies with meaningful Debt-to-Equity only.

SolarWorld AG Debt-to-Equity Historical Data

The historical data trend for SolarWorld AG'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.

SolarWorld AG Debt-to-Equity Chart

SolarWorld AG Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Debt-to-Equity

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-88.07

-4.21

1.89

1.94

3.21

SolarWorld AG Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Debt-to-Equity	Get a 7-Day Free Trial															1.94	2.15	2.07	2.73	3.21

Competitive Comparison of SolarWorld AG's Debt-to-Equity

For the Solar subindustry, SolarWorld AG'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.

SolarWorld AG's Debt-to-Equity Distribution in the Semiconductors Industry

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

* The bar in red indicates where SolarWorld AG's Debt-to-Equity falls into.

SolarWorld AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SolarWorld AG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2016 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
	=	(72.258	+	339.635)	/	128.489
	=	3.21

SolarWorld AG's Debt to Equity Ratio for the quarter that ended in Dec. 2016 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
	=	(72.258	+	339.635)	/	128.489
	=	3.21

SolarWorld AG (OTCPK:SRWRF) 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.

SolarWorld AG Debt-to-Equity Related Terms

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SolarWorld AG (SolarWorld AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarWorld AG (OTCPK:SRWRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Martin-Luther-King-Street 24, Bonn, DEU, 53175

Website

http://www.solarworld.de

SolarWorld AG is a manufacturer of solar power products. It also researches, develops, produces and recycles on all levels of the solar value-added chain. It also focuses on the production and international distribution of high-end solar energy facilities. The business operates through segments that include Production Germany, Production United States, Trade, and Others. The Trade segment generates maximum revenue for the company. Its product line consists of module and assembly kit, cells and wafers, power generation, and other revenue. The sales of module and assembly kit generate maximum revenue for the company.

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