For a typical company, SOL's Debt/Equity is not low at all.
But SOL is traded at $1.6/sh, it is also much under valued.
Relative to other Chinese Solar stocks (especially YGE, LDK), SOL is a much better company.
SOL's Virtual A+++ wafer processing cost is heading at 11c/watt with 17.6% efficiency
poly cost will be around $18/kg after Q2/2013
There two important numbers shows that SOL can direct compete against GCL now.
YGE carry 6 to 7 cents interest load for each produced watt. I don't think YGE has any competing power now.
Why YGE trade around book value ($2.50/sh)? SOL traded about one third of book value ($1.6/sh)?
Make no sense at all. What a joke for these Chinese solar stock prices.