EPOW (Sunrise New Energy Co) Debt-to-Asset : 0.31 (As of Jun. 2024)

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What is Sunrise New Energy Co Debt-to-Asset?

Sunrise New Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $14.38 Mil. Sunrise New Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $29.15 Mil. Sunrise New Energy Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $141.56 Mil. Sunrise New Energy Co's debt to asset for the quarter that ended in Jun. 2024 was 0.31.

Sunrise New Energy Co Debt-to-Asset Historical Data

The historical data trend for Sunrise New Energy Co's Debt-to-Asset 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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Sunrise New Energy Co Debt-to-Asset Chart

Sunrise New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.01

0.11

0.23

Sunrise New Energy Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial									-	0.11	0.20	0.23	0.31

Competitive Comparison of Sunrise New Energy Co's Debt-to-Asset

For the Electrical Equipment & Parts subindustry, Sunrise New Energy Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Sunrise New Energy Co's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunrise New Energy Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Sunrise New Energy Co's Debt-to-Asset falls into.

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Sunrise New Energy Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sunrise New Energy Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(18.991	+	8.785)	/	120.505
	=	0.23

Sunrise New Energy Co's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(14.377	+	29.15)	/	141.564
	=	0.31

Sunrise New Energy Co (NAS:EPOW) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Sunrise New Energy Co Debt-to-Asset Related Terms

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Sunrise New Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunrise New Energy Co Ltd (NAS:EPOW) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 69 Sanying Road, Zibo Science and Technology Industrial Entrepreneurship Park, Room 703, West Zone, R&D Building, Zhangdian District, Shandong Province, Zibo City, CHN

Website

https://www.sunrisenewenergy.com

Sunrise New Energy Co Ltd is engaged in the manufacturing and sale of graphite anode material for EVs and other lithium-ion batteries. The Company's joint venture is into the construction of a manufacturing plant in Guizhou Province. The plant runs on inexpensive electricity from renewable sources that enables the group to be a low-cost and low environmental impact producer of graphite anode material, Its products include GS-1, GS-2, GS-3, GZD-1, GLD-1, and GZ-1.