United Renewable Energy Co (TPE:3576) Debt-to-Equity : 1.04 (As of Mar. 2024)

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What is United Renewable Energy Co Debt-to-Equity?

United Renewable Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$6,492 Mil. United Renewable Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$6,551 Mil. United Renewable Energy Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$12,578 Mil. United Renewable Energy Co's debt to equity for the quarter that ended in Mar. 2024 was 1.04.

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

TPE:3576' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 0.88 Max: 1.58
Current: 0.96

During the past 13 years, the highest Debt-to-Equity Ratio of United Renewable Energy Co was 1.58. The lowest was 0.49. And the median was 0.88.

TPE:3576's Debt-to-Equity is ranked worse than
85.93% of 874 companies
in the Semiconductors industry
Industry Median: 0.26 vs TPE:3576: 0.96

United Renewable Energy Co Debt-to-Equity Historical Data

The historical data trend for United Renewable 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.

* Premium members only.

United Renewable Energy Co Debt-to-Equity Chart

United Renewable Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.78

0.96

0.65

0.81

0.96

United Renewable Energy 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															0.75	0.75	0.79	0.96	1.04

Competitive Comparison of United Renewable Energy Co's Debt-to-Equity

For the Solar subindustry, United Renewable 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.

United Renewable Energy Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, United Renewable Energy Co's Debt-to-Equity distribution charts can be found below:

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

United Renewable Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Renewable Energy 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
	=	(6427.21	+	5814.252)	/	12751.007
	=	0.96

United Renewable Energy 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
	=	(6492.03	+	6550.911)	/	12577.715
	=	1.04

United Renewable Energy Co (TPE:3576) 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.

United Renewable Energy Co Debt-to-Equity Related Terms

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United Renewable Energy Co (TPE:3576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Renewable Energy Co Ltd (TPE:3576) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Lixing 3rd Road, Hsinchu Science Park, Hsinchu, TWN, 30078

Website

https://www.urecorp.com

United Renewable Energy Co Ltd manufactures solar cells and modules. The company's solar cell offerings provide specified reverse current, shunt resistance, minimum power loss rate, low breakage rates, and several other benefits. Its modules are built to meet various international certifications, in addition to many different conditions. Bifacial solar cell products are built to take advantage of both vertical and horizontal installations and can be utilized in adverse environments. The company produces other lines of solar cell products that can take advantage of more residential or commercial applications and deliver customized solutions.

United Renewable Energy Co (TPE:3576) Headlines

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