China Environmental Technology and Bioenergy Holdings (HKSE:01237) Debt-to-Equity : 0.15 (As of Jun. 2024)

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What is China Environmental Technology and Bioenergy Holdings Debt-to-Equity?

China Environmental Technology and Bioenergy Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$131.3 Mil. China Environmental Technology and Bioenergy Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$10.8 Mil. China Environmental Technology and Bioenergy Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$943.8 Mil. China Environmental Technology and Bioenergy Holdings's debt to equity for the quarter that ended in Jun. 2024 was 0.15.

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 Environmental Technology and Bioenergy Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01237' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.52
Current: 0.21

During the past 14 years, the highest Debt-to-Equity Ratio of China Environmental Technology and Bioenergy Holdings was 0.52. The lowest was 0.01. And the median was 0.11.

HKSE:01237's Debt-to-Equity is ranked better than
64.68% of 385 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.37 vs HKSE:01237: 0.21

China Environmental Technology and Bioenergy Holdings Debt-to-Equity Historical Data

The historical data trend for China Environmental Technology and Bioenergy Holdings'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 Environmental Technology and Bioenergy Holdings Debt-to-Equity Chart

China Environmental Technology and Bioenergy Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.01

0.07

0.06

0.10

0.21

China Environmental Technology and Bioenergy Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.10	0.10	0.15	0.21

Competitive Comparison of China Environmental Technology and Bioenergy Holdings's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, China Environmental Technology and Bioenergy Holdings'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 Environmental Technology and Bioenergy Holdings's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, China Environmental Technology and Bioenergy Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Environmental Technology and Bioenergy Holdings's Debt-to-Equity falls into.

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China Environmental Technology and Bioenergy Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Environmental Technology and Bioenergy Holdings'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
	=	(84.112	+	10.938)	/	954.182
	=	0.10

China Environmental Technology and Bioenergy Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(131.338	+	10.765)	/	943.778
	=	0.15

China Environmental Technology and Bioenergy Holdings (HKSE:01237) 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 Environmental Technology and Bioenergy Holdings Debt-to-Equity Related Terms

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China Environmental Technology and Bioenergy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » China Environmental Technology and Bioenergy Holdings Ltd (HKSE:01237) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Fushan Industrial District, Fujian, Zhangping, CHN

Website

http://www.merrygardenholdings.com

China Environmental Technology and Bioenergy Holdings Ltd is a leisure wooden product enterprise. The company is organized into three principal operating divisions: Manufacturing and Sales of Wooden Products; Retail sales of outdoor wooden products; and Manufacturing and sales of renewable energy products. It derives prime revenue from the Manufacturing and sales of wooden products segment which involves manufacturing and sales of outdoor wooden products to both domestic and overseas customers, and trading of timber. The company has operational footprints across The People's Republic of China, North America, Europe, Asia Pacific (exclusive of the PRC), and Australasia, from which it receives maximum key revenue from Australasia.

Executives

Hong Kong Cheng Kun Holdings Limited	2101 Beneficial owner
Wong Shun Yi	2201 Interest of corporation controlled by you
Wu Zheyan	2201 Interest of corporation controlled by you
Wu Baozhen	2101 Beneficial owner
Green Seas Capital Limited	2101 Beneficial owner
Hong Kong Guoyuan Group Capital Holdings Limited	2101 Beneficial owner
Wang Xin	2201 Interest of corporation controlled by you
Lin Jian	2201 Interest of corporation controlled by you
Han Hong	2101 Beneficial owner
Han Jin	2101 Beneficial owner
Shang Hai Jing Xun Gong Ye She Bei Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Fu Jian Wo Ruo Shi You Hua Gong You Xian Gong Si	2201 Interest of corporation controlled by you

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