CGN Power Co (SZSE:003816) Debt-to-Equity : 1.83 (As of Dec. 2023)

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What is CGN Power Co Debt-to-Equity?

CGN Power Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥45,039 Mil. CGN Power Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥162,248 Mil. CGN Power Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥113,236 Mil. CGN Power Co's debt to equity for the quarter that ended in Dec. 2023 was 1.83.

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

SZSE:003816' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.83 Med: 2.38 Max: 3.42
Current: 1.83

During the past 11 years, the highest Debt-to-Equity Ratio of CGN Power Co was 3.42. The lowest was 1.83. And the median was 2.38.

SZSE:003816's Debt-to-Equity is ranked worse than
74.42% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.83 vs SZSE:003816: 1.83

CGN Power Co Debt-to-Equity Historical Data

The historical data trend for CGN Power 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.

CGN Power Co Debt-to-Equity Chart

CGN Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.42

2.24

2.09

1.93

1.83

CGN Power Co Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.93	1.85	1.63	1.83

Competitive Comparison of CGN Power Co's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, CGN Power 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.

CGN Power Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CGN Power Co's Debt-to-Equity distribution charts can be found below:

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

CGN Power Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CGN Power 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
	=	(45039.244	+	162248.448)	/	113235.895
	=	1.83

CGN Power Co'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
	=	(45039.244	+	162248.448)	/	113235.895
	=	1.83

CGN Power Co (SZSE:003816) 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.

CGN Power Co Debt-to-Equity Related Terms

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CGN Power Co (SZSE:003816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN Power Co Ltd (SZSE:003816) » Definitions » Debt-to-Equity

Traded in Other Exchanges

01816:Hong Kong 94C:Germany

Address

No. 2002 Shennan Road, 18th Floor, South Tower, CGN Building, Futian District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.cgnp.com.cn

CGN Power is a major nuclear power producer in China. It operates 26 nuclear power generating units (total installed capacity of 29.4 gigawatts), with 14 units in Guangdong and the rest in Guangxi, Fujian, and Liaoning provinces as of end-2022. CGN is adding capacity of 8.4 gigawatts into its operations over the next five years. State-owned China General Nuclear Power, controls about 58.9% of CGN Power.

CGN Power Co (SZSE:003816) Headlines

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