JG Environmental Technology Co (ROCO:6723) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is JG Environmental Technology Co Debt-to-Equity?

JG Environmental Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$46.5 Mil. JG Environmental Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$52.8 Mil. JG Environmental Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$390.3 Mil. JG Environmental Technology Co'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 JG Environmental Technology Co's Debt-to-Equity or its related term are showing as below:

ROCO:6723' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.54 Max: 0.89
Current: 0.25

During the past 9 years, the highest Debt-to-Equity Ratio of JG Environmental Technology Co was 0.89. The lowest was 0.25. And the median was 0.54.

ROCO:6723's Debt-to-Equity is ranked better than
54.4% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs ROCO:6723: 0.25

JG Environmental Technology Co Debt-to-Equity Historical Data

The historical data trend for JG Environmental Technology 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.

JG Environmental Technology Co Debt-to-Equity Chart

JG Environmental Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.33

0.32

0.69

0.54

0.25

JG Environmental Technology Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.69	0.76	0.54	0.74	0.25

Competitive Comparison of JG Environmental Technology Co's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, JG Environmental Technology 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.

JG Environmental Technology Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JG Environmental Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where JG Environmental Technology Co's Debt-to-Equity falls into.

JG Environmental Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JG Environmental Technology 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
	=	(46.513	+	52.764)	/	390.271
	=	0.25

JG Environmental Technology Co'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
	=	(46.513	+	52.764)	/	390.271
	=	0.25

JG Environmental Technology Co (ROCO:6723) 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.

JG Environmental Technology Co Debt-to-Equity Related Terms

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

JG Environmental Technology Co (ROCO:6723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JG Environmental Technology Co (ROCO:6723) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 461, Zhongfeng Road, 10th Floor, No. 180, Longtan District, Taoyuan City, TWN

Website

https://www.jgok.net

JG Environmental Technology Co is engaged in designing, manufacturing and installation of air pollution and energy recovery equipment and systems. The company's products include ESCO environmental protection system and equipment, Gaseous pollutant purification and deodorization equipment, Acid gas and particle removal equipment, and VOCs exhaust gas treatment system among others.

JG Environmental Technology Co (ROCO:6723) Headlines

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