China Energy Engineering (HKSE:03996) Debt-to-Equity : 2.21 (As of Dec. 2023)

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What is China Energy Engineering Debt-to-Equity?

China Energy Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$89,276 Mil. China Energy Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$177,811 Mil. China Energy Engineering's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$120,824 Mil. China Energy Engineering's debt to equity for the quarter that ended in Dec. 2023 was 2.21.

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 Energy Engineering's Debt-to-Equity or its related term are showing as below:

HKSE:03996' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.31 Med: 1.64 Max: 2.21
Current: 2.21

During the past 10 years, the highest Debt-to-Equity Ratio of China Energy Engineering was 2.21. The lowest was 1.31. And the median was 1.64.

HKSE:03996's Debt-to-Equity is ranked worse than
92.16% of 1506 companies
in the Construction industry
Industry Median: 0.435 vs HKSE:03996: 2.21

China Energy Engineering Debt-to-Equity Historical Data

The historical data trend for China Energy Engineering'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 Energy Engineering Debt-to-Equity Chart

China Energy Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.31

1.60

1.41

1.98

2.21

China Energy Engineering Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.98	2.24	1.96	2.21

Competitive Comparison of China Energy Engineering's Debt-to-Equity

For the Engineering & Construction subindustry, China Energy Engineering'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 Energy Engineering's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Energy Engineering's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Energy Engineering's Debt-to-Equity falls into.

China Energy Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Energy Engineering'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
	=	(89276.137	+	177810.973)	/	120823.997
	=	2.21

China Energy Engineering's Debt to Equity Ratio for the quarter 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
	=	(89276.137	+	177810.973)	/	120823.997
	=	2.21

China Energy Engineering (HKSE:03996) 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 Energy Engineering Debt-to-Equity Related Terms

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

China Energy Engineering (HKSE:03996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Energy Engineering Corporation Ltd (HKSE:03996) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2E5:Germany 601868:China

Address

No. 26A West Dawang Road, Building 1, Room 01-2706, 1-24th Floor, Chaoyang District, Beijing, CHN, 100022

Website

https://www.ceec.net.cn

China Energy Engineering Corporation Ltd comprehensive solutions provider for the power industry in China and internationally. It is mainly engaged in Survey, design, and consulting services; Construction and contracting; Industrial manufacturing; Investment and operation; and other businesses. The company generates the majority of revenue from construction and contracting services for large scale power generation, transformation and transmission projects of fossil-fuel power, hydropower, nuclear power, wind farm and solar power in China and overseas, as well as undertaking other types of construction projects, such as water conservancy facilities, transportation, municipal engineering, industrial and civil construction projects.

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