Shandong Hi Speed New Energy Group (HKSE:01250) Debt-to-Equity : 2.21 (As of Dec. 2023)

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What is Shandong Hi Speed New Energy Group Debt-to-Equity?

Shandong Hi Speed New Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8,981 Mil. Shandong Hi Speed New Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$22,882 Mil. Shandong Hi Speed New Energy Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$14,394 Mil. Shandong Hi Speed New Energy Group's debt to equity for the quarter that ended in Dec. 2023 was 2.21.

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 Shandong Hi Speed New Energy Group's Debt-to-Equity or its related term are showing as below:

HKSE:01250' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 2.17 Max: 2.86
Current: 2.21

During the past 12 years, the highest Debt-to-Equity Ratio of Shandong Hi Speed New Energy Group was 2.86. The lowest was 0.12. And the median was 2.17.

HKSE:01250's Debt-to-Equity is ranked worse than
81.17% of 393 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs HKSE:01250: 2.21

Shandong Hi Speed New Energy Group Debt-to-Equity Historical Data

The historical data trend for Shandong Hi Speed New Energy Group'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.

Shandong Hi Speed New Energy Group Debt-to-Equity Chart

Shandong Hi Speed New Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.83

2.54

2.86

2.14

2.21

Shandong Hi Speed New Energy Group 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															2.86	1.94	2.14	2.30	2.21

Competitive Comparison of Shandong Hi Speed New Energy Group's Debt-to-Equity

For the Utilities - Renewable subindustry, Shandong Hi Speed New Energy Group'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.

Shandong Hi Speed New Energy Group's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shandong Hi Speed New Energy Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shandong Hi Speed New Energy Group's Debt-to-Equity falls into.

Shandong Hi Speed New Energy Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shandong Hi Speed New Energy Group'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
	=	(8980.525	+	22882.133)	/	14394.006
	=	2.21

Shandong Hi Speed New Energy Group'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
	=	(8980.525	+	22882.133)	/	14394.006
	=	2.21

Shandong Hi Speed New Energy Group (HKSE:01250) 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.

Shandong Hi Speed New Energy Group Debt-to-Equity Related Terms

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Shandong Hi Speed New Energy Group (HKSE:01250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shandong Hi Speed New Energy Group Ltd (HKSE:01250) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

99 Queen's Road, Unit 6707, 67th Floor, The Centre, Central, Hong Kong, HKG

Website

https://www.shneg.com.hk

Shandong Hi Speed New Energy Group Ltd is engaged in the investment, development, construction, operation, and management of clean energy businesses which include Photovoltaic Power, Wind Power, and Clean Heat Supply Business.

Executives

Shandong Hi-speed Holdings Group Limited	2101 Beneficial owner
Citigroup Inc.	2305 Beneficiary of a trust
Shan Dong Gao Su Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Profit Plan Global Investment Limited	2101 Beneficial owner
Beijing Enterprises Group Company Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Holdings Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Water Group Limited	2201 Interest of corporation controlled by you
Citic Securities Company Limited	2201 Interest of corporation controlled by you
Citron Pe Associates Ii, L.p.	2201 Interest of corporation controlled by you
Citron Pe Holdings Limited	2201 Interest of corporation controlled by you
Cpechina Fund Ii, L.p.	2201 Interest of corporation controlled by you
Cpechina Fund Iia, L.p.	2201 Interest of corporation controlled by you
Zhong Xin Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Xin Yu Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Bei Jing You De Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you

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