Niutech Environment Technology (SHSE:688309) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Niutech Environment Technology Debt-to-Equity?

Niutech Environment Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Niutech Environment Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. Niutech Environment Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥729.2 Mil. Niutech Environment Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Niutech Environment Technology's Debt-to-Equity or its related term are showing as below:

During the past 8 years, the highest Debt-to-Equity Ratio of Niutech Environment Technology was 0.55. The lowest was 0.05. And the median was 0.10.

SHSE:688309's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.285
* Ranked among companies with meaningful Debt-to-Equity only.

Niutech Environment Technology Debt-to-Equity Historical Data

The historical data trend for Niutech Environment Technology'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.

Niutech Environment Technology Debt-to-Equity Chart

Niutech Environment Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

Niutech Environment Technology 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															-	-	-	-	-

Competitive Comparison of Niutech Environment Technology's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Niutech Environment Technology'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.

Niutech Environment Technology's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Niutech Environment Technology's Debt-to-Equity falls into.

Niutech Environment Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Niutech Environment Technology'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
	=	(0	+	0)	/	725.453
	=	0.00

Niutech Environment Technology'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
	=	(0	+	0)	/	729.162
	=	0.00

Niutech Environment Technology (SHSE:688309) 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.

Niutech Environment Technology Debt-to-Equity Related Terms

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Niutech Environment Technology (SHSE:688309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Niutech Environment Technology Corp (SHSE:688309) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 9889 Haitang Road, High-tech Zone, Shandong Province, Jinan, CHN, 250031

Website

http://www.niutech.com

Niutech Environment Technology Corp is engaged in organic waste cracking technology research and development and related equipment design, production and sales. The company specializes in high polymer waste, such as waste tyre, waste plastic, oil sludge, waste oil, biomass, hazard waste and municipal sludge Pyrolysis technology and equipment manufacturing and product sales.

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