China Environmental Technology Holdings (HKSE:00646) Debt-to-Equity : -0.37 (As of Jun. 2023)

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What is China Environmental Technology Holdings Debt-to-Equity?

China Environmental Technology Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$76.78 Mil. China Environmental Technology Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$138.57 Mil. China Environmental Technology Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$-585.83 Mil. China Environmental Technology Holdings's debt to equity for the quarter that ended in Jun. 2023 was -0.37.

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 Environmental Technology Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00646' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.75 Med: -0.37 Max: 8.38
Current: -0.35

During the past 13 years, the highest Debt-to-Equity Ratio of China Environmental Technology Holdings was 8.38. The lowest was -2.75. And the median was -0.37.

HKSE:00646's Debt-to-Equity is not ranked
in the Waste Management industry.
Industry Median: 0.685 vs HKSE:00646: -0.35

China Environmental Technology Holdings Debt-to-Equity Historical Data

The historical data trend for China Environmental Technology Holdings'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 Environmental Technology Holdings Debt-to-Equity Chart

China Environmental Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-0.39

-0.38

-0.37

-0.35

China Environmental Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.38	-0.37	-0.37	-0.37	-0.35

Competitive Comparison of China Environmental Technology Holdings's Debt-to-Equity

For the Waste Management subindustry, China Environmental Technology Holdings'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 Environmental Technology Holdings's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Environmental Technology Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Environmental Technology Holdings's Debt-to-Equity falls into.

China Environmental Technology Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Environmental Technology Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(76.984	+	138.537)	/	-581.582
	=	-0.37

China Environmental Technology Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(76.78	+	138.573)	/	-585.827
	=	-0.37

China Environmental Technology Holdings (HKSE:00646) 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 Environmental Technology Holdings Debt-to-Equity Related Terms

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China Environmental Technology Holdings (HKSE:00646) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Environmental Technology Holdings Ltd (HKSE:00646) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Tai Yau Street, Unit 901, New Tech Plaza, San Po Kong, Kowloon, Hong Kong, HKG

Website

http://www.cethl.com/en/Home

China Environmental Technology Holdings Ltd is engaged in the environmental protection business including trading of machinery and equipment, environmental protection technology, equipment system integration, cities and town wastewater treatment and project technical service, and health-related products and services. It operates through two segments, the Wastewater Treatment segment that engages in the provision of wastewater treatment plants construction and operation services, as well as the trading of wastewater treatment facilities and machinery and the provision for related services; the Healthcare segment engages in the provision of healthcare services. It mainly operates businesses in China and generates a vast majority of its revenues from the Wastewater treatment segment.

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