SOEN (Solar Enertech) Debt-to-Equity: 0.21 (As of Dec. 2011)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Solar Enertech Debt-to-Equity?

Solar Enertech SOEN Debt-to-Equity is 0.21 as of Dec. 2011.

Solar Enertech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2011 was $0.00 Mil. Solar Enertech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2011 was $1.51 Mil. Solar Enertech's Total Stockholders Equity for the quarter that ended in Dec. 2011 was $7.10 Mil. Solar Enertech's debt to equity for the quarter that ended in Dec. 2011 was 0.21.

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 Solar Enertech's Debt-to-Equity or its related term are showing as below:

SOEN's Debt-to-Equity is not ranked *
in the Semiconductors industry.
Industry Median: 0.26
* Ranked among companies with meaningful Debt-to-Equity only.

Solar Enertech  (OTCPK:SOEN) 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.

Solar Enertech Debt-to-Equity Related Terms

Solar Enertech Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Solar Enertech'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.

Solar Enertech Debt-to-Equity Chart

Solar Enertech Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11
Debt-to-Equity
Get a 7-Day Free Trial 0.00 0.00 0.32 0.39 0.18

Solar Enertech Quarterly Data
Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.21 0.23 0.18 0.21

SOEN vs TRWRF, UCLE, VSUL: Debt-to-Equity Comparison

For the Solar subindustry, Solar Enertech'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.

Solar Enertech Debt-to-Equity vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Solar Enertech's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Solar Enertech's Debt-to-Equity falls into.


Solar Enertech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solar Enertech's Debt to Equity Ratio for the fiscal year that ended in Sep. 2011 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
=(1.747 + 0) / 9.47
=0.18

Solar Enertech's Debt to Equity Ratio for the quarter that ended in Dec. 2011 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
=(0 + 1.507) / 7.097
=0.21

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.21 mean?
Solar Enertech (SOEN) has a Debt-to-Equity of 0.21 as of Dec. 2011. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Solar Enertech and its competitors.
Is Solar Enertech's Debt-to-Equity too high?
Solar Enertech's current Debt-to-Equity is 0.21. The Semiconductors industry median Debt-to-Equity is 0.26. Solar Enertech's value of 0.21 is 19.2% below this industry median.
How does Solar Enertech's Debt-to-Equity compare to TRWRF and UCLE?
Solar Enertech's Debt-to-Equity of 0.21 can be compared against companies in the Semiconductors industry. The industry median Debt-to-Equity is 0.26. Solar Enertech's value of 0.21 is 19.2% below this benchmark. 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 0.26, based on 905 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. Solar Enertech's current Debt-to-Equity of 0.21 is 19.2% below 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 Solar Enertech and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar Enertech's current Debt-to-Equity is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Enertech stock overvalued right now?
Solar Enertech (SOEN) has a current Debt-to-Equity of 0.21. The current Debt-to-Equity is 0.21 and 19.2% below the Semiconductors industry median of 0.26. 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 Solar Enertech (SOEN), the current Debt-to-Equity is 0.21 as of Dec. 2011. 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.

Solar Enertech Business Description

Address 655 West Evelyn Avenue, Suite 2, Mountain View, CA, USA, 94041
Solar Enertech Corp currently operates as a photovoltaic solar energy cell manufacturer.