CEC Environmental Protection Co (SZSE:300172) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is CEC Environmental Protection Co Debt-to-Equity?

CEC Environmental Protection Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥46.3 Mil. CEC Environmental Protection Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥150.8 Mil. CEC Environmental Protection Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,861.8 Mil. CEC Environmental Protection Co's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

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 CEC Environmental Protection Co's Debt-to-Equity or its related term are showing as below:

SZSE:300172' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.17 Max: 0.22
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of CEC Environmental Protection Co was 0.22. The lowest was 0.02. And the median was 0.17.

SZSE:300172's Debt-to-Equity is ranked better than
73.09% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:300172: 0.11

CEC Environmental Protection Co Debt-to-Equity Historical Data

The historical data trend for CEC Environmental Protection 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.

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CEC Environmental Protection Co Debt-to-Equity Chart

CEC Environmental Protection Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.19

0.14

CEC Environmental Protection 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															0.15	0.14	0.14	0.14	0.11

Competitive Comparison of CEC Environmental Protection Co's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, CEC Environmental Protection 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.

CEC Environmental Protection Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CEC Environmental Protection Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CEC Environmental Protection Co's Debt-to-Equity falls into.

CEC Environmental Protection Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CEC Environmental Protection 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
	=	(96.595	+	150.776)	/	1830.123
	=	0.14

CEC Environmental Protection 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
	=	(46.328	+	150.776)	/	1861.804
	=	0.11

CEC Environmental Protection Co (SZSE:300172) 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.

CEC Environmental Protection Co Debt-to-Equity Related Terms

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CEC Environmental Protection Co (SZSE:300172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CEC Environmental Protection Co Ltd (SZSE:300172) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Number 1800, Chengxin Street, Nanjing (Environmental Concentration Zone), Jiangning District, Nanjing, CHN, 211102

Website

http://www.ce-ep.com

CEC Environmental Protection Co Ltd is engaged in the provision of water processing system solutions, water processing equipment system integration and contract construction of related engineering for industrial projects of thermal power, nuclear power, petrochemical, coal chemical, metallurgy and other industries. The company provides condensate polishing, water supply treatment, wastewater treatment, water vapor centralized monitoring and chemical injection lines, industrial flue gas treatment, municipal sludge treatment, municipal sewage treatment and others.

CEC Environmental Protection Co (SZSE:300172) Headlines

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