Canvest Environmental Protection Group Co (HKSE:01381) Debt-to-Equity : 1.45 (As of Jun. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Canvest Environmental Protection Group Co Debt-to-Equity?

Canvest Environmental Protection Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$2,795 Mil. Canvest Environmental Protection Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$11,127 Mil. Canvest Environmental Protection Group Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$9,585 Mil. Canvest Environmental Protection Group Co's debt to equity for the quarter that ended in Jun. 2024 was 1.45.

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

HKSE:01381' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.89 Max: 1.56
Current: 1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Canvest Environmental Protection Group Co was 1.56. The lowest was 0.44. And the median was 0.89.

HKSE:01381's Debt-to-Equity is ranked worse than
81.25% of 224 companies
in the Waste Management industry
Industry Median: 0.625 vs HKSE:01381: 1.45

Canvest Environmental Protection Group Co Debt-to-Equity Historical Data

The historical data trend for Canvest Environmental Protection Group 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.

Canvest Environmental Protection Group Co Debt-to-Equity Chart

Canvest Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.93

1.29

1.50

1.56

1.50

Canvest Environmental Protection Group Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.53	1.56	1.53	1.50	1.45

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

For the Waste Management subindustry, Canvest Environmental Protection Group 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.

Canvest Environmental Protection Group Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Canvest Environmental Protection Group Co's Debt-to-Equity distribution charts can be found below:

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

Canvest Environmental Protection Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canvest Environmental Protection Group 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
	=	(2448.179	+	11496.916)	/	9298.523
	=	1.50

Canvest Environmental Protection Group Co'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
	=	(2794.931	+	11127.402)	/	9585.113
	=	1.45

Canvest Environmental Protection Group Co (HKSE:01381) 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.

Canvest Environmental Protection Group Co Debt-to-Equity Related Terms

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

Canvest Environmental Protection Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canvest Environmental Protection Group Co Ltd (HKSE:01381) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 San Yuan Road, Level 24, Canvest Tower, Nan Cheng District, Guangdong, Dongguan, CHN

Website

https://www.canvestenvironment.com

Canvest Environmental Protection Group Co Ltd is engaged in the operation and management of waste-to-energy (WTE) plants, provision of environmental hygiene and related services, and integrated smart city management services. It has single-segment WTE project construction and operation. Its revenues from business areas: Power sales, Waste treatment fees, Construction, Finance income, and Environmental hygiene and other services income. The majority of the company's revenue and assets are generated and located in China.

Executives

Best Approach Developments Limited	2106 Person having a security interest in shares
Century Rise Development Limited	2106 Person having a security interest in shares
Harvest Vista Company Limited	2106 Person having a security interest in shares
Hsbc International Trustee Limited	2106 Person having a security interest in shares
Shanghai Industrial Holdings Limited	2101 Beneficial owner
Shanghai Industrial Investment (holdings) Company Limited	2201 Interest of corporation controlled by you
Lai Kin Man	2106 Person having a security interest in shares
Lai Chun Tung	2106 Person having a security interest in shares
Lee Wing Yee Loretta	2106 Person having a security interest in shares

Canvest Environmental Protection Group Co Headlines

No Headlines