Triumph New Energy Co (SHSE:600876) Debt-to-Equity : 1.51 (As of Mar. 2025)

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What is Triumph New Energy Co Debt-to-Equity?

Triumph New Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥2,722 Mil. Triumph New Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ¥3,140 Mil. Triumph New Energy Co's Total Stockholders Equity for the quarter that ended in Mar. 2025 was ¥3,892 Mil. Triumph New Energy Co's debt to equity for the quarter that ended in Mar. 2025 was 1.51.

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 Triumph New Energy Co's Debt-to-Equity or its related term are showing as below:

SHSE:600876' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.39 Med: 1.12 Max: 2.19
Current: 1.51

During the past 13 years, the highest Debt-to-Equity Ratio of Triumph New Energy Co was 2.19. The lowest was -8.39. And the median was 1.12.

SHSE:600876's Debt-to-Equity is ranked worse than
90.33% of 362 companies
in the Building Materials industry
Industry Median: 0.37 vs SHSE:600876: 1.51

Triumph New Energy Co Debt-to-Equity Historical Data

The historical data trend for Triumph New 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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Triumph New Energy Co Debt-to-Equity Chart

Triumph New Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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1.29

0.69

0.68

0.94

1.32

Triumph New Energy Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															1.02	1.06	1.13	1.32	1.51

Competitive Comparison of Triumph New Energy Co's Debt-to-Equity

For the Building Materials subindustry, Triumph New 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.

Triumph New Energy Co's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Triumph New Energy Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Triumph New Energy Co's Debt-to-Equity falls into.

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Triumph New Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Triumph New Energy Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(2574.453	+	2732.473)	/	4017.221
	=	1.32

Triumph New Energy Co's Debt to Equity Ratio for the quarter that ended in Mar. 2025 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
	=	(2721.503	+	3139.899)	/	3892.088
	=	1.51

Triumph New Energy Co (SHSE:600876) 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.

Triumph New Energy Co Debt-to-Equity Related Terms

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

Triumph New Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Triumph New Energy Co Ltd (SHSE:600876) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

01108:Hong Kong LUG:Germany

Address

No. 9, Tang Gong Zhong Lu, Xigong District, Henan Province, Luoyang, CHN, 471009

Website

http://www.zhglb.com

Triumph New Energy Co Ltd formerly Luoyang Glass Co Ltd is engaged in the research and development, manufacturing, and sales of new energy materials. main products include glass for double-glass modules, AR photovoltaic coating glass, high transparent photovoltaic toughened glass, and other photovoltaic cell packaging materials for solar equipment. The company generates revenue from the production and sales of products. Its business segments are Namely new energy glass segment and Other functional glass.

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