Clean Teq Water (Clean Teq Water) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Clean Teq Water Debt-to-Equity?

Clean Teq Water's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.10 Mil. Clean Teq Water's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Clean Teq Water's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6.77 Mil. Clean Teq Water's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Clean Teq Water's Debt-to-Equity or its related term are showing as below:

CNQQF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.04
Current: 0.02

During the past 2 years, the highest Debt-to-Equity Ratio of Clean Teq Water was 0.04. The lowest was 0.00. And the median was 0.02.

CNQQF's Debt-to-Equity is ranked better than
96.69% of 484 companies
in the Utilities - Regulated industry
Industry Median: 0.86 vs CNQQF: 0.02

Clean Teq Water Debt-to-Equity Historical Data

The historical data trend for Clean Teq Water'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.

Clean Teq Water Debt-to-Equity Chart

Clean Teq Water Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.04

Clean Teq Water Semi-Annual Data
	Dec20	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.03	-	0.01	0.04	0.02

Competitive Comparison of Clean Teq Water's Debt-to-Equity

For the Utilities - Regulated Water subindustry, Clean Teq Water'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.

Clean Teq Water's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Clean Teq Water's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Clean Teq Water's Debt-to-Equity falls into.

Clean Teq Water Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clean Teq Water's Debt to Equity Ratio for the fiscal year 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
	=	(0.22	+	0.01)	/	5.362
	=	0.04

Clean Teq Water's Debt to Equity Ratio for the quarter 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
	=	(0.104	+	0)	/	6.774
	=	0.02

Clean Teq Water (OTCPK:CNQQF) 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.

Clean Teq Water Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Clean Teq Water's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Clean Teq Water (Clean Teq Water) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Clean Teq Water Ltd (OTCPK:CNQQF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

9NK:Germany CNQ:Australia

Address

21 Howleys Road, Unit 12, Notting Hill, VIC, AUS, 3168

Website

https://www.cleanteqwater.com

Clean Teq Water Ltd provides inventive metals recovery and water treatment solutions for governments and companies. Its technology solutions include desalination, nutrient removal, zero liquid discharge and hardness removal. It focuses on sectors such as municipal wastewater, surface water, industrial wastewater and mining process water. The company has offices and laboratories in Melbourne, Perth, Beijing and Tianjin, and partner offices in Africa and Latin America.

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