Tianneng Power International (HKSE:00819) Debt-to-Equity : 0.57 (As of Dec. 2023)

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What is Tianneng Power International Debt-to-Equity?

Tianneng Power International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6,834 Mil. Tianneng Power International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,099 Mil. Tianneng Power International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$17,347 Mil. Tianneng Power International's debt to equity for the quarter that ended in Dec. 2023 was 0.57.

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

HKSE:00819' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.5 Max: 1.34
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Tianneng Power International was 1.34. The lowest was 0.19. And the median was 0.50.

HKSE:00819's Debt-to-Equity is ranked worse than
57.05% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs HKSE:00819: 0.57

Tianneng Power International Debt-to-Equity Historical Data

The historical data trend for Tianneng Power International'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.

Tianneng Power International Debt-to-Equity Chart

Tianneng Power International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.29

0.19

0.33

0.43

0.57

Tianneng Power International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.33	0.57	0.43	0.76	0.57

Competitive Comparison of Tianneng Power International's Debt-to-Equity

For the Auto Parts subindustry, Tianneng Power International'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.

Tianneng Power International's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tianneng Power International's Debt-to-Equity distribution charts can be found below:

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

Tianneng Power International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianneng Power International'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
	=	(6833.892	+	3098.774)	/	17347.202
	=	0.57

Tianneng Power International'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
	=	(6833.892	+	3098.774)	/	17347.202
	=	0.57

Tianneng Power International (HKSE:00819) 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.

Tianneng Power International Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tianneng Power International's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Tianneng Power International (HKSE:00819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianneng Power International Ltd (HKSE:00819) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TIANF:USA

Address

18 Harbour Road, Suite 3202, 32nd Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.tianneng.com.hk

Tianneng Power International Ltd is an electronic components company. It operates through two business segments: sales of batteries and battery-related accessories, and trading of new energy material. The company is primarily engaged in manufacturing and selling of lead-acid batteries and battery-related accessories including motive, solar, and wind-powered batteries, lithium battery products, electrical bicycle batteries, and special-purpose batteries mainly used for electrical vehicles, and energy storage battery, among others. A vast majority of revenue is generated by the company's sale of batteries and battery-related accessories segment, and the company earns most of its revenue in The People's Republic of China.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Yang Yaping	2202 Interest of your spouse
Zhang Tianren	2201 Interest of corporation controlled by you
Prime Leader Global Limited	2101 Beneficial owner

Tianneng Power International (HKSE:00819) Headlines

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