China Nature Energy Technology Holdings (HKSE:01597) Debt-to-Equity : 0.32 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is China Nature Energy Technology Holdings Debt-to-Equity?

China Nature Energy Technology Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$79.7 Mil. China Nature Energy Technology Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$11.6 Mil. China Nature Energy Technology Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$282.1 Mil. China Nature Energy Technology Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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 Nature Energy Technology Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01597' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.42 Max: 7.12
Current: 0.32

During the past 7 years, the highest Debt-to-Equity Ratio of China Nature Energy Technology Holdings was 7.12. The lowest was 0.17. And the median was 0.42.

HKSE:01597's Debt-to-Equity is ranked worse than
53.19% of 2617 companies
in the Industrial Products industry
Industry Median: 0.28 vs HKSE:01597: 0.32

China Nature Energy Technology Holdings Debt-to-Equity Historical Data

The historical data trend for China Nature Energy Technology 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 Nature Energy Technology Holdings Debt-to-Equity Chart

China Nature Energy Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.91

0.42

0.22

0.17

0.32

China Nature Energy Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.22	0.17	0.17	0.23	0.32

Competitive Comparison of China Nature Energy Technology Holdings's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, China Nature Energy Technology 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 Nature Energy Technology Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Nature Energy Technology Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Nature Energy Technology Holdings's Debt-to-Equity falls into.

China Nature Energy Technology Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Nature Energy Technology 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
	=	(79.705	+	11.609)	/	282.077
	=	0.32

China Nature Energy Technology Holdings'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
	=	(79.705	+	11.609)	/	282.077
	=	0.32

China Nature Energy Technology Holdings (HKSE:01597) 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 Nature Energy Technology Holdings Debt-to-Equity Related Terms

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

China Nature Energy Technology Holdings (HKSE:01597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Nature Energy Technology Holdings Ltd (HKSE:01597) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building A, Standard Factory Phase II, Runzhou Road, Huishan Industrial Transformation Park, Jiangsu Province, Wuxi, CHN

Website

www.jyhyne.com

China Nature Energy Technology Holdings Ltd is engaged in the integration, manufacturing, and sales of pitch control systems and related components, wind power generation, wind farm operation, maintenance business, and provision of wind energy-related consultancy services in the People's Republic of China. Its segments include Sales of pitch control systems and related components; Sales of wind power; Wind farm operation and maintenance business; and Provision of wind energy-related consultancy services. It derives a majority of the revenue from research and development, integration, manufacturing, and sale of pitch control systems and related components in wind turbine manufacturing.

Executives

Cheng Liquan Richard	2201 Interest of corporation controlled by you
Hongyuan Company Limited	2101 Beneficial owner
Zhou Xuan	2202 Interest of your spouse

China Nature Energy Technology Holdings (HKSE:01597) Headlines

No Headlines