China Yangtze Power Co (SHSE:600900) Debt-to-Equity : 1.50 (As of Mar. 2024)

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What is China Yangtze Power Co Debt-to-Equity?

China Yangtze Power Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥117,916 Mil. China Yangtze Power Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥190,917 Mil. China Yangtze Power Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥205,567 Mil. China Yangtze Power Co's debt to equity for the quarter that ended in Mar. 2024 was 1.50.

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 China Yangtze Power Co's Debt-to-Equity or its related term are showing as below:

SHSE:600900' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.65 Max: 1.81
Current: 1.5

During the past 13 years, the highest Debt-to-Equity Ratio of China Yangtze Power Co was 1.81. The lowest was 0.41. And the median was 0.65.

SHSE:600900's Debt-to-Equity is ranked worse than
67.01% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs SHSE:600900: 1.50

China Yangtze Power Co Debt-to-Equity Historical Data

The historical data trend for China Yangtze Power 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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China Yangtze Power Co Debt-to-Equity Chart

China Yangtze Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.62

0.59

0.56

1.24

1.57

China Yangtze Power 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															1.81	1.73	1.66	1.57	1.50

Competitive Comparison of China Yangtze Power Co's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, China Yangtze Power 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.

China Yangtze Power Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Yangtze Power Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Yangtze Power Co's Debt-to-Equity falls into.

China Yangtze Power Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Yangtze Power 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
	=	(102034.065	+	213102.783)	/	201330.026
	=	1.57

China Yangtze Power 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
	=	(117916.184	+	190916.837)	/	205567.212
	=	1.50

China Yangtze Power Co (SHSE:600900) 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.

China Yangtze Power Co Debt-to-Equity Related Terms

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China Yangtze Power Co (SHSE:600900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Yangtze Power Co Ltd (SHSE:600900) » Definitions » Debt-to-Equity

Traded in Other Exchanges

CYZB:Germany

Address

No. 19, Financial Street, Tower B, Focus Place, Xicheng District, Beijing, CHN, 100033

Website

https://www.cypc.com.cn

China Yangtze Power Co Ltd business activities include hydroelectric power generation, power distribution and sales, overseas power station's operation, management, consultation services, investment, and financing. It has expanded its business to countries such as Germany, Peru, Brazil, and Malaysia. It has also established its power distribution and sales platforms such as Three Gorges Water Conservancy and Peru LuzdelSur. The company owns the power generation assets of four hydropower plants on the mainstream of the Yangtze River, namely Three Gorges, Gezhouba, Xiluodu, and Xiangjiaba.

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