China National Chemical Engineering Co (SHSE:601117) Debt-to-Equity : 0.19 (As of Mar. 2024)

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What is China National Chemical Engineering Co Debt-to-Equity?

China National Chemical Engineering Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,343 Mil. China National Chemical Engineering Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,935 Mil. China National Chemical Engineering Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥58,770 Mil. China National Chemical Engineering Co's debt to equity for the quarter that ended in Mar. 2024 was 0.19.

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 China National Chemical Engineering Co's Debt-to-Equity or its related term are showing as below:

SHSE:601117' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.22 Max: 0.27
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of China National Chemical Engineering Co was 0.27. The lowest was 0.13. And the median was 0.22.

SHSE:601117's Debt-to-Equity is ranked better than
70.13% of 1503 companies
in the Construction industry
Industry Median: 0.44 vs SHSE:601117: 0.19

China National Chemical Engineering Co Debt-to-Equity Historical Data

The historical data trend for China National Chemical Engineering 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.

China National Chemical Engineering Co Debt-to-Equity Chart

China National Chemical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.17

0.16

0.21

China National Chemical Engineering 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															0.23	0.25	0.25	0.21	0.19

Competitive Comparison of China National Chemical Engineering Co's Debt-to-Equity

For the Engineering & Construction subindustry, China National Chemical Engineering 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.

China National Chemical Engineering Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, China National Chemical Engineering Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China National Chemical Engineering Co's Debt-to-Equity falls into.

China National Chemical Engineering Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China National Chemical Engineering 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
	=	(2474.302	+	9729.892)	/	57495.313
	=	0.21

China National Chemical Engineering 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
	=	(3343.447	+	7935.15)	/	58769.639
	=	0.19

China National Chemical Engineering Co (SHSE:601117) 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.

China National Chemical Engineering Co Debt-to-Equity Related Terms

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China National Chemical Engineering Co (SHSE:601117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China National Chemical Engineering Co Ltd (SHSE:601117) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

2nd Avenue, Dongzhimen, Dongcheng District, Beijing, CHN, 100007

Website

http://www.cncec.com.cn

China National Chemical Engineering Co Ltd engages in the general contracting of construction and infrastructure projects in the fields of chemical, petrochemical, pharmaceutical, power, and coal industries in China and internationally. It provides services, such as project consulting, prospecting, design, construction, project management environmental treatment, and technology research and development and its industrialization, as well as the installation of pipelines, circuits, and equipment.

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