ELION ENERGY CO (SHSE:600277) Debt-to-Equity : 0.34 (As of Mar. 2024)

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What is ELION ENERGY CO Debt-to-Equity?

ELION ENERGY CO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,769 Mil. ELION ENERGY CO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,850 Mil. ELION ENERGY CO's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥16,469 Mil. ELION ENERGY CO's debt to equity for the quarter that ended in Mar. 2024 was 0.34.

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 ELION ENERGY CO's Debt-to-Equity or its related term are showing as below:

SHSE:600277' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.58 Max: 0.84
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of ELION ENERGY CO was 0.84. The lowest was 0.36. And the median was 0.58.

SHSE:600277's Debt-to-Equity is ranked worse than
50.57% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs SHSE:600277: 0.36

ELION ENERGY CO Debt-to-Equity Historical Data

The historical data trend for ELION 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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ELION ENERGY CO Debt-to-Equity Chart

ELION ENERGY CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.62

0.65

0.52

0.39

0.33

ELION ENERGY CO Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.38	0.37	0.36	0.33	0.34

Competitive Comparison of ELION ENERGY CO's Debt-to-Equity

For the Chemicals subindustry, ELION 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.

ELION ENERGY CO's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, ELION ENERGY CO's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ELION ENERGY CO's Debt-to-Equity falls into.

ELION ENERGY CO Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ELION 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
	=	(2585.678	+	2896.433)	/	16426.004
	=	0.33

ELION ENERGY CO's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(2769.053	+	2849.757)	/	16469.315
	=	0.34

ELION ENERGY CO (SHSE:600277) 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.

ELION ENERGY CO Debt-to-Equity Related Terms

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ELION ENERGY CO (SHSE:600277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ELION ENERGY CO LTD (SHSE:600277) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.15 Guanghua Road, Elion Eco-plaza, Chaoyang District, Beijing, CHN

Website

http://www.elion.cn

ELION ENERGY CO LTD is a China-based company engaged in businesses of Ecosystem, Energy, and Finance. Ecosystem business, the company adopts biological and ecological techniques to restore desertified, rocky, salinized, alkalized and degraded land and to improve the environment of western deserts, which includes national ecological projects. In Energy business, the company developed Micro-fine Coal Atomization which has improved combustion efficiency and thermal efficiency and minimizes coal consumption, achieving efficient and clean use of coal and reducing pollutants. In the Finance business, the company intends to build a green finance platform that contains funds, trusts, credit investigation, third-party payment, finance companies, insurance and carbon finance.

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