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CM Energy Tech Co (HKSE:00206) Debt-to-Equity : 0.30 (As of Dec. 2023)


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What is CM Energy Tech Co Debt-to-Equity?

CM Energy Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$232 Mil. CM Energy Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$173 Mil. CM Energy Tech Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,367 Mil. CM Energy Tech Co's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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 CM Energy Tech Co's Debt-to-Equity or its related term are showing as below:

HKSE:00206' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1   Med: 0.3   Max: 4.59
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of CM Energy Tech Co was 4.59. The lowest was 0.10. And the median was 0.30.

HKSE:00206's Debt-to-Equity is ranked better than
61.33% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs HKSE:00206: 0.30

CM Energy Tech Co Debt-to-Equity Historical Data

The historical data trend for CM Energy Tech 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.

CM Energy Tech Co Debt-to-Equity Chart

CM Energy Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.18 0.14 0.10 0.30

CM Energy Tech Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.06 0.10 0.33 0.30

Competitive Comparison of CM Energy Tech Co's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, CM Energy Tech 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.

CM Energy Tech Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CM Energy Tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CM Energy Tech Co's Debt-to-Equity falls into.


CM Energy Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CM Energy Tech 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
=(232.006 + 172.878) / 1367.035
=0.30

CM Energy Tech Co'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
=(232.006 + 172.878) / 1367.035
=0.30

* 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.

CM Energy Tech Co  (HKSE:00206) 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.

CM Energy Tech Co Debt-to-Equity Related Terms

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

CM Energy Tech Co (HKSE:00206) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CM Energy Tech Co Ltd (HKSE:00206) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:00353 HKSE:00196 HKSE:01623 HKSE:01080 HKSE:02178 HKSE:03337 HKSE:01156 HKSE:00554 HKSE:00568 HKSE:03303 SLB BKR HAL MIL:TEN FTI SHSE:601808 WFRD NOV CHX SHSE:600968
Traded in Other Exchanges
N/A
Address
No. 51 Kwai Cheong Road, Room A, 31st Floor, Tower 2, Kwai Chung, New Territories, Hong Kong, HKG
Website
http://www.cm-energy.com
CM Energy Tech Co Ltd's primary business is offshore wind power installation, core equipment technology, products and services in the green and clean energy and oil and gas exploration industries, and offshore engineering asset management business.
Executives
Zhao Shang Ju Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
China Merchants & Great Wall Ocean Strategy & Technology Fund (l.p.) 2201 Interest of corporation controlled by you
China Merchants Great-wall Gp Limited 2201 Interest of corporation controlled by you
Prime Force Investment Corporation 2101 Beneficial owner
China International Marine Containers (group) Co., Ltd. 2201 Interest of corporation controlled by you
China International Marine Containers (hong Kong) Limited 2101 Beneficial owner
China State Shipbuilding Corporation Limited 2201 Interest of corporation controlled by you
Cssc Huangpu Wenchong Shipbuilding Company Limited 2201 Interest of corporation controlled by you
Cssc Offshore & Marine Engineering (group) Company Limited 2201 Interest of corporation controlled by you
Wah Shun International Marine Limited 2101 Beneficial owner
Minyun Limited 2201 Interest of corporation controlled by you
Chen Fengying 2202 Interest of your spouse
Zhang Jiuli 2202 Interest of your spouse
Zhang Menggui 2201 Interest of corporation controlled by you
Jiang Bing Hua 2201 Interest of corporation controlled by you

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