CN Energy Group (CN Energy Group) Debt-to-Equity : 0.07 (As of Sep. 2023)

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What is CN Energy Group Debt-to-Equity?

CN Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7.25 Mil. CN Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.03 Mil. CN Energy Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $103.56 Mil. CN Energy Group's debt to equity for the quarter that ended in Sep. 2023 was 0.07.

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 CN Energy Group's Debt-to-Equity or its related term are showing as below:

CNEY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.08
Current: 0.07

During the past 6 years, the highest Debt-to-Equity Ratio of CN Energy Group was 0.08. The lowest was 0.02. And the median was 0.07.

CNEY's Debt-to-Equity is ranked better than
82.32% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs CNEY: 0.07

CN Energy Group Debt-to-Equity Historical Data

The historical data trend for CN Energy Group'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.

CN Energy Group Debt-to-Equity Chart

CN Energy Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.02

0.08

0.03

0.07

CN Energy Group Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						0.03	0.04	0.07	0.08	0.07

Competitive Comparison of CN Energy Group's Debt-to-Equity

For the Specialty Chemicals subindustry, CN Energy Group'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.

CN Energy Group's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, CN Energy Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CN Energy Group's Debt-to-Equity falls into.

CN Energy Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CN Energy Group's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(7.254	+	0.034)	/	103.562
	=	0.07

CN Energy Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(7.254	+	0.034)	/	103.562
	=	0.07

CN Energy Group (NAS:CNEY) 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.

CN Energy Group Debt-to-Equity Related Terms

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CN Energy Group (CN Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CN Energy Group Inc (NAS:CNEY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 268 Shiniu Road, Building 2-B, Room 206, Liandu District, Zhejiang Province, Lishui, CHN

Website

https://www.ir.cneny.com

CN Energy Group Inc along with its subsidiaries is a manufacturer and supplier of wood-based activated carbon that is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production and a producer of biomass electricity generated in the process of producing activated carbon. The firm generates a majority of its revenue from Activated carbon.