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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.
SHSE:600396'
s Debt-to-Equity Range Over the Past 10 Years
Min: -60.66 Med: 6.07 Max: 79.1
Current: 7.7
During the past 13 years, the highest Debt-to-Equity Ratio of Huadian Liaoning Energy Development Co was 79.10. The lowest was -60.66. And the median was 6.07.
SHSE:600396's Debt-to-Equity is ranked worse than 98.73% of 472
companies
in the Utilities - Regulated industry
Industry Median: 1
vs SHSE:600396: 7.70
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.
Huadian Liaoning Energy Development Co Debt-to-Equity Related Terms
Huadian Liaoning Energy Development Co Debt-to-Equity Historical Data
* 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.
Huadian Liaoning Energy Development Co Debt-to-Equity Chart
Huadian Liaoning Energy Development Co Annual Data
For the Utilities - Diversified subindustry, Huadian Liaoning Energy Development 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.
Huadian Liaoning Energy Development Co Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Huadian Liaoning Energy Development Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Huadian Liaoning Energy Development Co's Debt-to-Equity falls into.
* 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.
Huadian Liaoning Energy Development Co (SHSE:600396) has a Debt-to-Equity of 2.65 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Huadian Liaoning Energy Development Co and its competitors. This is 56% below median its historical median of 6.07. According to the industry distribution chart, Huadian Liaoning Energy Development Co ranks #466 out of 472 companies in the Utilities - Regulated industry, placing it in the top 98.7%.
Is Huadian Liaoning Energy Development Co's Debt-to-Equity too high?
Huadian Liaoning Energy Development Co's current Debt-to-Equity of 2.65 is 56% below median its 10-year median of 6.07. The Utilities - Regulated industry median Debt-to-Equity is 1.00. Huadian Liaoning Energy Development Co's value of 2.65 is 165% above this industry median. Based on the distribution chart, Huadian Liaoning Energy Development Co ranks #466 out of 472 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Huadian Liaoning Energy Development Co has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Huadian Liaoning Energy Development Co's Debt-to-Equity compare to SRE?
According to the Utilities - Regulated industry distribution chart, Huadian Liaoning Energy Development Co ranks #466 out of 472 companies for Debt-to-Equity. This places Huadian Liaoning Energy Development Co in the lower half of its industry. The industry median Debt-to-Equity is 1.00. Huadian Liaoning Energy Development Co's value of 2.65 is 165% above this benchmark. While the company's 10-year median is 6.07 vs. the industry median of 1.00, Huadian Liaoning Energy Development Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 1.00, based on 472 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Huadian Liaoning Energy Development Co's current Debt-to-Equity of 2.65 is 165% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Huadian Liaoning Energy Development Co and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Huadian Liaoning Energy Development Co's current Debt-to-Equity is 2.65, which is 56% below median its own 10-year median of 6.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huadian Liaoning Energy Development Co stock overvalued right now?
Based on GuruFocus' analysis, Huadian Liaoning Energy Development Co (SHSE:600396) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.65, compared to a current price of ¥13.56 — trading 411.7% above its estimated fair value. The current Debt-to-Equity is 2.65, which is 56% below median its 10-year median of 6.07 and 165% above the Utilities - Regulated industry median of 1.00. Huadian Liaoning Energy Development Co's overall GF Score™ is 27/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Huadian Liaoning Energy Development Co (SHSE:600396), the current Debt-to-Equity is 2.65 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Huadian Liaoning Energy Development Co (SHSE:600396) Overvalued in 2026?
Based on GuruFocus' analysis, Huadian Liaoning Energy Development Co stock appears to be overvalued.
The current stock price of ¥13.56 is trading 411.7% above its estimated GF Value™ of ¥2.65.
GuruFocus considers Huadian Liaoning Energy Development Co to be Significantly Overvalued.
Key valuation signals for SHSE:600396:
Debt-to-Equity: 2.65 (56% below median its 10-year median of 6.07)
GF Value™: ¥2.65 vs. price of ¥13.56 (411.7% above fair value)
Industry Position: 165% above the Utilities - Regulated median (#466 of 472)
No single metric tells the full story. See the SHSE:600396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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