China Everbright Environment Group (HKSE:00257) Debt-to-Equity : 1.73 (As of Jun. 2023)

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What is China Everbright Environment Group Debt-to-Equity?

China Everbright Environment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$21,715 Mil. China Everbright Environment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$71,645 Mil. China Everbright Environment Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$54,118 Mil. China Everbright Environment Group's debt to equity for the quarter that ended in Jun. 2023 was 1.73.

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 China Everbright Environment Group's Debt-to-Equity or its related term are showing as below:

HKSE:00257' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 1.35 Max: 1.91
Current: 1.76

During the past 13 years, the highest Debt-to-Equity Ratio of China Everbright Environment Group was 1.91. The lowest was 0.51. And the median was 1.35.

HKSE:00257's Debt-to-Equity is ranked worse than
91.07% of 224 companies
in the Waste Management industry
Industry Median: 0.685 vs HKSE:00257: 1.76

China Everbright Environment Group Debt-to-Equity Historical Data

The historical data trend for China Everbright Environment Group'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.

China Everbright Environment Group Debt-to-Equity Chart

China Everbright Environment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.46

1.66

1.91

1.86

1.76

China Everbright Environment Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.91	1.85	1.86	1.73	1.76

Competitive Comparison of China Everbright Environment Group's Debt-to-Equity

For the Waste Management subindustry, China Everbright Environment Group'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.

China Everbright Environment Group's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Everbright Environment Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Everbright Environment Group's Debt-to-Equity falls into.

China Everbright Environment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Everbright Environment Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(20178.188	+	74546.312)	/	50829.542
	=	1.86

China Everbright Environment Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(21715.426	+	71644.808)	/	54117.606
	=	1.73

China Everbright Environment Group (HKSE:00257) 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.

China Everbright Environment Group Debt-to-Equity Related Terms

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China Everbright Environment Group (HKSE:00257) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Everbright Environment Group Ltd (HKSE:00257) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHFFY:USA CHFFF:USA CNE:Germany

Address

16 Harcourt Road, Room 2703, 27th Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.cebenvironment.com

China Everbright Environment Group Ltd is engaged in construction, environmental energy project operation, Greentech project operation, environmental water project operation, the conduct of environmental protection technology research and development, provision of environmental-related technological services, design of environmental protection projects, provision of environmental protection project equipment construction and installation services and sales of related equipment, provision of waste sorting, renewable resources utilization, sanitation operation services, sales of energy-saving streetlights. Its segments are Environmental energy project construction and operation, Greentech project construction and operation, Environmental water project construction and operation, and Others.

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