An interleaved high step-down converter is presented herein, which utilized a diode-capacitor module so as to make the step-down voltage gain under the same duty cycle as well as the voltage stresses on switches and diodes relatively low as compared with the existing circuits. Also, under the same voltage gain, the proposed circuit had a relatively large duty cycle, making the elapsed time per cycle for the connection between the input and the output enlarged, and hence the controller was not interrupted by noises. This converter can be used in low-output-power high-output-current applications. In this study, the basic operating principles of the proposed converter were firstly described and analyzed, and finally, its effectiveness was demonstrated by experiment.