CITIC Envirotech (TPE:911610) Debt-to-Equity : 1.65 (As of Sep. 2019)

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What is CITIC Envirotech Debt-to-Equity?

CITIC Envirotech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was NT$3,791 Mil. CITIC Envirotech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was NT$39,388 Mil. CITIC Envirotech's Total Stockholders Equity for the quarter that ended in Sep. 2019 was NT$26,183 Mil. CITIC Envirotech's debt to equity for the quarter that ended in Sep. 2019 was 1.65.

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 CITIC Envirotech's Debt-to-Equity or its related term are showing as below:

TPE:911610' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.56 Max: 1.65
Current: 1.65

During the past 13 years, the highest Debt-to-Equity Ratio of CITIC Envirotech was 1.65. The lowest was 0.02. And the median was 0.56.

TPE:911610's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.28 vs TPE:911610: 1.65

CITIC Envirotech Debt-to-Equity Historical Data

The historical data trend for CITIC Envirotech'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.

CITIC Envirotech Debt-to-Equity Chart

CITIC Envirotech Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Dec16

Dec17

Dec18

Debt-to-Equity

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1.00

0.53

0.41

0.50

1.17

CITIC Envirotech Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Debt-to-Equity	Get a 7-Day Free Trial															0.46	1.17	1.27	1.53	1.65

Competitive Comparison of CITIC Envirotech's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, CITIC Envirotech'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.

CITIC Envirotech's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where CITIC Envirotech's Debt-to-Equity falls into.

CITIC Envirotech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CITIC Envirotech's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(8486.983	+	22594.256)	/	26568.246
	=	1.17

CITIC Envirotech's Debt to Equity Ratio for the quarter that ended in Sep. 2019 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
	=	(3790.706	+	39387.571)	/	26182.734
	=	1.65

CITIC Envirotech (TPE:911610) 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.

CITIC Envirotech Debt-to-Equity Related Terms

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

CITIC Envirotech (TPE:911610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CITIC Envirotech Ltd (TPE:911610) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Science Park Road, No. 01-01 The Alpha, Singapore, SGP, 117684

Website

http://www.citicenvirotech.com

CITIC Envirotech Ltd is a provider of membrane-based integrated environmental solutions. The company manufactures membrane products whose technologies are applied for the treatment and recycling of wastewater. Its principal activities include design, fabrication, installation, and commissioning of water and wastewater systems. The company operates through two segments. Its Engineering and membrane system comprises of Engineering and Membrane system sales. The Treatment segment is engaged in the rendering of wastewater treatment services and the Membrane manufacturing and sales segment manufactures and sells polymers. The company's geographical area of operation includes the People's Republic of China, the United States of America and Malaysia.

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