Titan Wind Energy (Suzhou) Co (SZSE:002531) Debt-to-Equity : 1.12 (As of Mar. 2024)

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What is Titan Wind Energy (Suzhou) Co Debt-to-Equity?

Titan Wind Energy (Suzhou) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,361 Mil. Titan Wind Energy (Suzhou) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,714 Mil. Titan Wind Energy (Suzhou) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥9,035 Mil. Titan Wind Energy (Suzhou) Co's debt to equity for the quarter that ended in Mar. 2024 was 1.12.

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 Titan Wind Energy (Suzhou) Co's Debt-to-Equity or its related term are showing as below:

SZSE:002531' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.71 Max: 1.24
Current: 1.12

During the past 13 years, the highest Debt-to-Equity Ratio of Titan Wind Energy (Suzhou) Co was 1.24. The lowest was 0.19. And the median was 0.71.

SZSE:002531's Debt-to-Equity is ranked worse than
88.8% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:002531: 1.12

Titan Wind Energy (Suzhou) Co Debt-to-Equity Historical Data

The historical data trend for Titan Wind Energy (Suzhou) 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.

Titan Wind Energy (Suzhou) Co Debt-to-Equity Chart

Titan Wind Energy (Suzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.72

0.79

0.64

0.93

1.13

Titan Wind Energy (Suzhou) 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															1.01	1.24	1.16	1.13	1.12

Competitive Comparison of Titan Wind Energy (Suzhou) Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Titan Wind Energy (Suzhou) 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.

Titan Wind Energy (Suzhou) Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Titan Wind Energy (Suzhou) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Titan Wind Energy (Suzhou) Co's Debt-to-Equity falls into.

Titan Wind Energy (Suzhou) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Titan Wind Energy (Suzhou) 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
	=	(3416.906	+	6600.117)	/	8885.545
	=	1.13

Titan Wind Energy (Suzhou) 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
	=	(3360.535	+	6714.013)	/	9035.356
	=	1.12

Titan Wind Energy (Suzhou) Co (SZSE:002531) 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.

Titan Wind Energy (Suzhou) Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Titan Wind Energy (Suzhou) Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Titan Wind Energy (Suzhou) Co (SZSE:002531) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Titan Wind Energy (Suzhou) Co Ltd (SZSE:002531) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Ningbo East Road, Jiangsu, Taicang, CHN, 215400

Website

http://www.titanwind.com.cn/

Titan Wind Energy (Suzhou) Co Ltd is engaged in the research, design, manufacture, and distribution of wind towers. The towers are distributed to dozens of countries like the United States, Canada, Brazil, Germany, Sweden, the United Kingdom, Romania, Spain, Australia, New Zealand, Thailand, India and other parts of the world.

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