Trina Solar Co (SHSE:688599) Debt-to-Equity

: 1.10 (As of Sep. 2023)

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Trina Solar Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥17,596 Mil. Trina Solar Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥16,887 Mil. Trina Solar Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥31,372 Mil. Trina Solar Co's debt to equity for the quarter that ended in Sep. 2023 was 1.10.

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

SHSE:688599' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 0.79 Max: 1.69
Current: 1.1

During the past 7 years, the highest Debt-to-Equity Ratio of Trina Solar Co was 1.69. The lowest was 0.66. And the median was 0.79.

SHSE:688599's Debt-to-Equity is ranked worse than
88.48% of 877 companies
in the Semiconductors industry
Industry Median: 0.26 vs SHSE:688599: 1.10

Trina Solar Co Debt-to-Equity Historical Data

The historical data trend for Trina Solar 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.

Trina Solar Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.79

0.66

0.99

0.66

Trina Solar Co Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity																0.66	0.66	1.05	1.04	1.10

Competitive Comparison

For the Solar subindustry, Trina Solar 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.

Trina Solar Co Debt-to-Equity Distribution

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

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

Trina Solar Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trina Solar Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(13672.753	+	3626.185)	/	26338.97
	=	0.66

Trina Solar Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(17596.401	+	16887.251)	/	31372.326
	=	1.10

Trina Solar Co (SHSE:688599) 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.

Trina Solar Co Debt-to-Equity Related Terms

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Trina Solar Co (SHSE:688599) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trina Solar Co Ltd (SHSE:688599) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TSL:USA

Address

No.2 Tianhe Road, Trina PV Industrial Park, Xinbei District, Jiangsu, CHN, 213031

Website

https://www.trinasolar.com

Trina Solar Co Ltd is engaged in manufacturing photovoltaic products, photovoltaic systems and smart energy. The photovoltaic products business includes research and development, manufacture and sales of monocrystalline silicon-based photovoltaic modules; the photovoltaic systems business includes power station business and construction and management of photovoltaic power station projects, among others; smart energy business includes photovoltaic power generation, operation, and management of the photovoltaic power station, research and sales of the smart microgrid and multi-energy systems, and operation of the energy cloud platform, among others.

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