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JS Solar Holding BhdXKLS:0369 8 Debt-to-Equity is 0.50 as of Mar. 2026, which is 69% below its 10-year median of 1.63. GuruFocus rates XKLS:0369 with a GF Score™ of 8/100. The stock has 6 warning signs investors should review. Among 401 Utilities - Independent Power Producers companies, JS Solar Holding Bhd ranks better than 64.84% on this metric.
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 JS Solar Holding Bhd's Debt-to-Equity or its related term are showing as below:
XKLS:0369'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 1.63 Max: 3.2
Current: 0.5
During the past 5 years, the highest Debt-to-Equity Ratio of JS Solar Holding Bhd was 3.20. The lowest was 0.50. And the median was 1.63.
XKLS:0369's Debt-to-Equity is ranked better than 64.84% of 401
companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.84
vs XKLS:0369: 0.50
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.
JS Solar Holding Bhd Debt-to-Equity Related Terms
JS Solar Holding Bhd Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for JS Solar Holding Bhd'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.
JS Solar Holding Bhd Debt-to-Equity Competitor Comparison
For the Utilities - Renewable subindustry, JS Solar Holding Bhd'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.
JS Solar Holding Bhd Debt-to-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, JS Solar Holding Bhd's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where JS Solar Holding Bhd's Debt-to-Equity falls into.
* 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.
JS Solar Holding Bhd (XKLS:0369) has a Debt-to-Equity of 0.50 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on JS Solar Holding Bhd and its competitors. This is 69% below median its historical median of 1.63. Over the past decade, JS Solar Holding Bhd's Debt-to-Equity has ranged from 0.50 to 3.20. According to the industry distribution chart, JS Solar Holding Bhd ranks #141 out of 401 companies in the Utilities - Independent Power Producers industry, placing it in the top 35.2%.
Is JS Solar Holding Bhd's Debt-to-Equity too high?
JS Solar Holding Bhd's current Debt-to-Equity of 0.50 is 69% below median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 3.20. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.84. JS Solar Holding Bhd's value of 0.50 is 40.5% below this industry median. Based on the distribution chart, JS Solar Holding Bhd ranks #141 out of 401 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, JS Solar Holding Bhd has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does JS Solar Holding Bhd's Debt-to-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, JS Solar Holding Bhd ranks #141 out of 401 companies for Debt-to-Equity. This puts JS Solar Holding Bhd in the upper half of its industry. The industry median Debt-to-Equity is 0.84. JS Solar Holding Bhd's value of 0.50 is 40.5% below this benchmark. Historically, JS Solar Holding Bhd's own Debt-to-Equity has ranged from 0.50 to 3.20 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 0.84, JS Solar Holding Bhd has consistently been below the industry average. 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 an Utilities - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.84, based on 401 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. JS Solar Holding Bhd's current Debt-to-Equity of 0.50 is 40.5% 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 JS Solar Holding Bhd and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JS Solar Holding Bhd's current Debt-to-Equity is 0.50, which is 69% below median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JS Solar Holding Bhd stock overvalued right now?
JS Solar Holding Bhd (XKLS:0369) has a current Debt-to-Equity of 0.50. The current Debt-to-Equity is 0.50, which is 69% below median its 10-year median of 1.63 and 40.5% below the Utilities - Independent Power Producers industry median of 0.84. JS Solar Holding Bhd's overall GF Score™ is 8/100 with 6 warning signs to review. 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 JS Solar Holding Bhd (XKLS:0369), the current Debt-to-Equity is 0.50 as of Mar. 2026. 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.
JS Solar Holding Bhd is principally an investment holding company. Through its Subsidiaries, it is principally involved in the provision of EPCC services and contracting services for solar PV systems. The company also complement its solar PV system projects through the provision of O&M services to assist its customers in operating and maintaining their solar PV systems.
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