CIMC Enric Holdings (HKSE:03899) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is CIMC Enric Holdings Debt-to-Equity?

CIMC Enric Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,480 Mil. CIMC Enric Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$559 Mil. CIMC Enric Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$12,286 Mil. CIMC Enric Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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 CIMC Enric Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:03899' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.24 Max: 0.48
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of CIMC Enric Holdings was 0.48. The lowest was 0.03. And the median was 0.24.

HKSE:03899's Debt-to-Equity is ranked better than
65.3% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs HKSE:03899: 0.25

CIMC Enric Holdings Debt-to-Equity Historical Data

The historical data trend for CIMC Enric 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.

CIMC Enric Holdings Debt-to-Equity Chart

CIMC Enric Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

0.16

0.24

0.25

CIMC Enric Holdings 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															0.24	0.27	0.24	0.29	0.25

Competitive Comparison of CIMC Enric Holdings's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, CIMC Enric 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.

CIMC Enric Holdings's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CIMC Enric Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CIMC Enric Holdings's Debt-to-Equity falls into.

CIMC Enric Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CIMC Enric 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
	=	(2480.477	+	558.55)	/	12285.6
	=	0.25

CIMC Enric 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
	=	(2480.477	+	558.55)	/	12285.6
	=	0.25

CIMC Enric Holdings (HKSE:03899) 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.

CIMC Enric Holdings Debt-to-Equity Related Terms

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

CIMC Enric Holdings (HKSE:03899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CIMC Enric Holdings Ltd (HKSE:03899) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CIMEF:USA E8F:Germany

Address

CIMC R&D Center, third floor, No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN

Website

https://www.enricgroup.com

CIMC Enric Holdings Ltd is engaged in the design, development, manufacturing, engineering, and sales of transportation, storage, and processing equipment. It is also involved in the provision of technical maintenance services. The company operates through three segments. The clean energy segment specializes in the manufacture and sale of a wide range of equipment for the storage, transportation, processing, and distribution of natural gas. Chemical and environmental segment specializes in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gasified chemicals. The liquid food segment specializes in the engineering, manufacture, and sale of stainless-steel tanks for storage and processing liquid food.

Executives

Zhu Que Ji Jin Guan Li You Xian Gong Si	2401 A concert party to an agreement to buy shares
China International Marine Containers (hong Kong) Limited	2103 Interests held jointly with another person

CIMC Enric Holdings (HKSE:03899) Headlines

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