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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.
The historical rank and industry rank for EGing Photovoltaic Technology Co's Debt-to-Equity or its related term are showing as below:
SHSE:600537'
s Debt-to-Equity Range Over the Past 10 Years
Min: -7.45 Med: 0.18 Max: 2.68
Current: -1.78
During the past 13 years, the highest Debt-to-Equity Ratio of EGing Photovoltaic Technology Co was 2.68. The lowest was -7.45. And the median was 0.18.
SHSE:600537's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.24
vs SHSE:600537: -1.78
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.
EGing Photovoltaic Technology Co Debt-to-Equity Related Terms
EGing Photovoltaic Technology 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.
EGing Photovoltaic Technology Co Debt-to-Equity Chart
SHSE:600537 vs FSLR, NXT, ENPH: Debt-to-Equity Comparison
For the Solar subindustry, EGing Photovoltaic Technology 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.
EGing Photovoltaic Technology Co Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, EGing Photovoltaic Technology Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where EGing Photovoltaic Technology 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.
EGing Photovoltaic Technology Co (SHSE:600537) has a Debt-to-Equity of -4.57 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on EGing Photovoltaic Technology Co and its competitors. According to the industry distribution chart, EGing Photovoltaic Technology Co ranks #999999 out of 911 companies in the Semiconductors industry.
Is EGing Photovoltaic Technology Co's Debt-to-Equity too high?
EGing Photovoltaic Technology Co's current Debt-to-Equity is -4.57. Based on the distribution chart, EGing Photovoltaic Technology Co ranks #999999 out of 911 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, EGing Photovoltaic Technology Co has a GF Score™ of 18/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EGing Photovoltaic Technology Co's Debt-to-Equity compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, EGing Photovoltaic Technology Co ranks #999999 out of 911 companies for Debt-to-Equity. This places EGing Photovoltaic Technology Co in the lower half of its industry. The industry median Debt-to-Equity is 0.24. 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 a Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.24, based on 911 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. 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 EGing Photovoltaic Technology Co and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EGing Photovoltaic Technology Co's current Debt-to-Equity is -4.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EGing Photovoltaic Technology Co stock overvalued right now?
Based on GuruFocus' analysis, EGing Photovoltaic Technology Co (SHSE:600537) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥0.84, compared to a current price of ¥2.11 — trading 151.2% above its estimated fair value. The current Debt-to-Equity is -4.57. EGing Photovoltaic Technology Co's overall GF Score™ is 18/100 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 EGing Photovoltaic Technology Co (SHSE:600537), the current Debt-to-Equity is -4.57 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 EGing Photovoltaic Technology Co (SHSE:600537) Overvalued in 2026?
Based on GuruFocus' analysis, EGing Photovoltaic Technology Co stock appears to be overvalued.
The current stock price of ¥2.11 is trading 151.2% above its estimated GF Value™ of ¥0.84.
GuruFocus considers EGing Photovoltaic Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:600537:
Debt-to-Equity: -4.57
GF Value™: ¥0.84 vs. price of ¥2.11 (151.2% above fair value)
No single metric tells the full story. See the SHSE:600537 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EGing Photovoltaic Technology Co Ltd is engaged in the Ingot/silicon growth, silicon wafer processing, cell manufacturing, module packaging, photovoltaic power generation.
18GF Score
Get the complete analysis for SHSE:600537
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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