China Resources And Environment Co (SHSE:600217) Debt-to-Equity : 1.62 (As of Mar. 2024)

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What is China Resources And Environment Co Debt-to-Equity?

China Resources And Environment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,602 Mil. China Resources And Environment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,614 Mil. China Resources And Environment Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,607 Mil. China Resources And Environment Co's debt to equity for the quarter that ended in Mar. 2024 was 1.62.

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 Resources And Environment Co's Debt-to-Equity or its related term are showing as below:

SHSE:600217' s Debt-to-Equity Range Over the Past 10 Years
Min: -18.62 Med: 1.29 Max: 1.71
Current: 1.62

During the past 13 years, the highest Debt-to-Equity Ratio of China Resources And Environment Co was 1.71. The lowest was -18.62. And the median was 1.29.

SHSE:600217's Debt-to-Equity is ranked worse than
87.27% of 220 companies
in the Waste Management industry
Industry Median: 0.685 vs SHSE:600217: 1.62

China Resources And Environment Co Debt-to-Equity Historical Data

The historical data trend for China Resources And Environment 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 Resources And Environment Co Debt-to-Equity Chart

China Resources And Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.44

1.29

1.43

1.67

China Resources And Environment 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															1.38	1.35	1.37	1.67	1.62

Competitive Comparison of China Resources And Environment Co's Debt-to-Equity

For the Waste Management subindustry, China Resources And Environment 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 Resources And Environment Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Resources And Environment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Resources And Environment Co's Debt-to-Equity falls into.

China Resources And Environment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Resources And Environment 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
	=	(2061.525	+	2283.595)	/	2603.847
	=	1.67

China Resources And Environment 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
	=	(1602.148	+	2614.44)	/	2607.44
	=	1.62

China Resources And Environment Co (SHSE:600217) 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 Resources And Environment Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of China Resources And Environment Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

China Resources And Environment Co (SHSE:600217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Resources And Environment Co Ltd (SHSE:600217) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Xuanwumen Street, 8th Floor, Block B, Global Finance Center, Xicheng District, Beijing, CHN, 100052

Website

http://www.qinling.com

China Resources And Environment Co Ltd is engaged in waste electrical and electronic products dismantling business. The company's waste products are divide into plastic, glass, metal, and hazardous waste received from its customers.

China Resources And Environment Co (SHSE:600217) Headlines

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