China Come Ride New Energy Group (HKSE:08039) Debt-to-Equity : 2.35 (As of Sep. 2023)

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What is China Come Ride New Energy Group Debt-to-Equity?

China Come Ride New Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$7.91 Mil. China Come Ride New Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.53 Mil. China Come Ride New Energy Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$3.59 Mil. China Come Ride New Energy Group's debt to equity for the quarter that ended in Sep. 2023 was 2.35.

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 Come Ride New Energy Group's Debt-to-Equity or its related term are showing as below:

HKSE:08039' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.45 Med: 0.75 Max: 2.42
Current: 2.35

During the past 10 years, the highest Debt-to-Equity Ratio of China Come Ride New Energy Group was 2.42. The lowest was -6.45. And the median was 0.75.

HKSE:08039's Debt-to-Equity is ranked worse than
92.85% of 1524 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:08039: 2.35

China Come Ride New Energy Group Debt-to-Equity Historical Data

The historical data trend for China Come Ride New Energy Group'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.

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China Come Ride New Energy Group Debt-to-Equity Chart

China Come Ride New Energy Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.20

1.57

-6.45

0.75

1.47

China Come Ride New Energy Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.17	N/A	1.47	2.35

Competitive Comparison of China Come Ride New Energy Group's Debt-to-Equity

For the Engineering & Construction subindustry, China Come Ride New Energy Group'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 Come Ride New Energy Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Come Ride New Energy Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Come Ride New Energy Group's Debt-to-Equity falls into.

China Come Ride New Energy Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Come Ride New Energy Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(5.68	+	0)	/	3.864
	=	1.47

China Come Ride New Energy Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(7.914	+	0.533)	/	3.593
	=	2.35

China Come Ride New Energy Group (HKSE:08039) 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 Come Ride New Energy Group Debt-to-Equity Related Terms

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China Come Ride New Energy Group (HKSE:08039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Come Ride New Energy Group Ltd (HKSE:08039) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Shing Yip Street, Unit E, 33rd Floor, Legend Tower, Kwun Tong, Hong Kong, HKG

Website

http://www.8039.com.hk

China Come Ride New Energy Group Ltd is principally engaged in the provision of comprehensive architectural and structural engineering consultancy services. Its service portfolio comprises licensing consultancy, alteration and addition works and minor works consultancy, inspection and certification, and other architecture-related consultancies.

Executives

New Energy Business Cluster Company Limited	2101 Beneficial owner
Zhou Renchao	2201 Interest of corporation controlled by you
Ke Yuexian	2101 Beneficial owner

China Come Ride New Energy Group (HKSE:08039) Headlines

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