Beijing SPC Environment Protection Tech Co (SZSE:002573) Debt-to-Equity : 1.79 (As of Mar. 2024)

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What is Beijing SPC Environment Protection Tech Co Debt-to-Equity?

Beijing SPC Environment Protection Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5,173 Mil. Beijing SPC Environment Protection Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥6,517 Mil. Beijing SPC Environment Protection Tech Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥6,525 Mil. Beijing SPC Environment Protection Tech Co's debt to equity for the quarter that ended in Mar. 2024 was 1.79.

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 Beijing SPC Environment Protection Tech Co's Debt-to-Equity or its related term are showing as below:

SZSE:002573' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.71 Max: 1.8
Current: 1.79

During the past 13 years, the highest Debt-to-Equity Ratio of Beijing SPC Environment Protection Tech Co was 1.80. The lowest was 0.38. And the median was 0.71.

SZSE:002573's Debt-to-Equity is ranked worse than
89.79% of 1508 companies
in the Construction industry
Industry Median: 0.44 vs SZSE:002573: 1.79

Beijing SPC Environment Protection Tech Co Debt-to-Equity Historical Data

The historical data trend for Beijing SPC Environment Protection Tech 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.

Beijing SPC Environment Protection Tech Co Debt-to-Equity Chart

Beijing SPC Environment Protection Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.38

0.88

1.44

1.68

1.80

Beijing SPC Environment Protection Tech 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															1.67	1.69	1.71	1.80	1.79

Competitive Comparison of Beijing SPC Environment Protection Tech Co's Debt-to-Equity

For the Engineering & Construction subindustry, Beijing SPC Environment Protection Tech 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.

Beijing SPC Environment Protection Tech Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Beijing SPC Environment Protection Tech Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Beijing SPC Environment Protection Tech Co's Debt-to-Equity falls into.

Beijing SPC Environment Protection Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beijing SPC Environment Protection Tech 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
	=	(4937.2	+	6585.185)	/	6404.871
	=	1.80

Beijing SPC Environment Protection Tech 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
	=	(5172.525	+	6516.623)	/	6525.093
	=	1.79

Beijing SPC Environment Protection Tech Co (SZSE:002573) 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.

Beijing SPC Environment Protection Tech Co Debt-to-Equity Related Terms

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Beijing SPC Environment Protection Tech Co (SZSE:002573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Beijing SPC Environment Protection Tech Co Ltd (SZSE:002573) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No 69 Li Zhuang Road, No. 8, Haidian District, Beijing, CHN, 100142

Website

http://www.qingxin.com.cn

Beijing SPC Environment Protection Tech Co Ltd is a state-level high-tech enterprise specialized in industrial environmental protection, energy conservation and comprehensive utilization of resources. The group operates as a comprehensive service operator in industrial research and development, project investment, engineering design, construction and construction and operation services, which is based on industrial flue gas desulphurization, denitrification, and dust removal. Geographically the activities are carried out through the region of China.

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