EPOW (Sunrise New Energy Co) Debt-to-Equity : 10.50 (As of Dec. 2023)

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

Sunrise New Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18.99 Mil. Sunrise New Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.79 Mil. Sunrise New Energy Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.65 Mil. Sunrise New Energy Co's debt to equity for the quarter that ended in Dec. 2023 was 10.50.

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 Sunrise New Energy Co's Debt-to-Equity or its related term are showing as below:

EPOW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 10.5
Current: 10.5

During the past 7 years, the highest Debt-to-Equity Ratio of Sunrise New Energy Co was 10.50. The lowest was 0.00. And the median was 0.02.

EPOW's Debt-to-Equity is ranked worse than
99.69% of 2615 companies
in the Industrial Products industry
Industry Median: 0.29 vs EPOW: 10.50

Sunrise New Energy Co Debt-to-Equity Historical Data

The historical data trend for Sunrise New Energy 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.

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Sunrise New Energy Co Debt-to-Equity Chart

Sunrise New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.41

10.50

Sunrise New Energy Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-	-	0.41	1.03	10.50

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

For the Electrical Equipment & Parts subindustry, Sunrise New Energy 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.

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

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

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

Sunrise New Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunrise New Energy 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
	=	(18.991	+	8.785)	/	2.645
	=	10.50

Sunrise New Energy 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
	=	(18.991	+	8.785)	/	2.645
	=	10.50

Sunrise New Energy Co (NAS:EPOW) 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.

Sunrise New Energy Co Debt-to-Equity 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-Equity

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Traded in Other Exchanges

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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.