Tianjin Capital Environmental Protection Group Co (SHSE:600874) Debt-to-Equity : 1.07 (As of Mar. 2024)

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What is Tianjin Capital Environmental Protection Group Co Debt-to-Equity?

Tianjin Capital Environmental Protection Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,512 Mil. Tianjin Capital Environmental Protection Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8,492 Mil. Tianjin Capital Environmental Protection Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥9,374 Mil. Tianjin Capital Environmental Protection Group Co's debt to equity for the quarter that ended in Mar. 2024 was 1.07.

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

SHSE:600874' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.84 Max: 1.29
Current: 1.07

During the past 13 years, the highest Debt-to-Equity Ratio of Tianjin Capital Environmental Protection Group Co was 1.29. The lowest was 0.45. And the median was 0.84.

SHSE:600874's Debt-to-Equity is ranked worse than
70.14% of 221 companies
in the Waste Management industry
Industry Median: 0.74 vs SHSE:600874: 1.07

Tianjin Capital Environmental Protection Group Co Debt-to-Equity Historical Data

The historical data trend for Tianjin Capital 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.

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Tianjin Capital Environmental Protection Group Co Debt-to-Equity Chart

Tianjin Capital Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.95

1.05

1.20

1.09

Tianjin Capital Environmental Protection Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.15	1.13	1.12	1.09	1.07

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

For the Waste Management subindustry, Tianjin Capital 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.

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

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

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

Tianjin Capital Environmental Protection Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianjin Capital 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
	=	(2012.918	+	7890.434)	/	9122.177
	=	1.09

Tianjin Capital Environmental Protection Group Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(1511.698	+	8492.245)	/	9373.773
	=	1.07

Tianjin Capital Environmental Protection Group Co (SHSE:600874) 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.

Tianjin Capital Environmental Protection Group Co Debt-to-Equity Related Terms

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Tianjin Capital Environmental Protection Group Co (SHSE:600874) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tianjin Capital Environmental Protection Group Co Ltd (SHSE:600874) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

01065:Hong Kong TIA:Germany

Address

No. 76, Weijin South Road, 12th Floor, TCEP Building, Nankai District, Tianjin, CHN, 300381

Website

https://www.tjcep.com

Tianjin Capital Environmental Protection Group Co Ltd is a Chinese company mainly engaged in water utility business, new energy cooling and heating supply business. It provides sewage water treatment, construction and management of the related facility, the supply of tap water, recycled water. The company also provides a heating and cooling supply service which includes design, construction, operations, and transfer of centralized heating and cooling infrastructures, and provision of heating and cooling services. The company manages is business mainly in five segments; Sewage processing and facility, recycled water and pipeline connection, heating and cooling services, tap water operations and sale of environmental protection equipment. The company earns majority of its revenue from China.

Tianjin Capital Environmental Protection Group Co (SHSE:600874) Headlines

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