Jiangsu New Energy Development Co (SHSE:603693) Debt-to-Equity : 0.83 (As of Mar. 2024)

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What is Jiangsu New Energy Development Co Debt-to-Equity?

Jiangsu New Energy Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥587 Mil. Jiangsu New Energy Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,923 Mil. Jiangsu New Energy Development Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥6,670 Mil. Jiangsu New Energy Development Co's debt to equity for the quarter that ended in Mar. 2024 was 0.83.

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

SHSE:603693' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.74 Max: 1.09
Current: 0.83

During the past 11 years, the highest Debt-to-Equity Ratio of Jiangsu New Energy Development Co was 1.09. The lowest was 0.56. And the median was 0.74.

SHSE:603693's Debt-to-Equity is ranked worse than
51.02% of 394 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.805 vs SHSE:603693: 0.83

Jiangsu New Energy Development Co Debt-to-Equity Historical Data

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

Jiangsu New Energy Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.56

0.80

0.68

1.04

0.85

Jiangsu New Energy Development 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															1.05	1.06	0.86	0.85	0.83

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

For the Utilities - Renewable subindustry, Jiangsu New 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.

Jiangsu New Energy Development Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Jiangsu New Energy Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jiangsu New Energy Development 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
	=	(539.021	+	4918.371)	/	6415.792
	=	0.85

Jiangsu New Energy Development 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
	=	(586.877	+	4923.426)	/	6670.198
	=	0.83

Jiangsu New Energy Development Co (SHSE:603693) 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.

Jiangsu New Energy Development Co Debt-to-Equity Related Terms

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Jiangsu New Energy Development Co (SHSE:603693) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Jiangsu New Energy Development Co Ltd (SHSE:603693) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

88 Changjiang Road, Room 2213, Jiangsu, Nanjing, CHN, 210005

Website

http://www.jsne.com.cn

Jiangsu New Energy Development Co Ltd operates in the energy industry. It is engaged in the development of wind energy, solar energy, and biomass energy projects. The company is also engaged in the design and manufacture of high-power offshore wind turbines, offshore engineering equipment, and sales of ancillary products.

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