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JE Cleantech Holdings (JE Cleantech Holdings) Debt-to-Equity : 0.60 (As of Jun. 2023)


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What is JE Cleantech Holdings Debt-to-Equity?

JE Cleantech Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3.39 Mil. JE Cleantech Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3.90 Mil. JE Cleantech Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $12.26 Mil. JE Cleantech Holdings's debt to equity for the quarter that ended in Jun. 2023 was 0.59.

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 JE Cleantech Holdings's Debt-to-Equity or its related term are showing as below:

JCSE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6   Med: 1.6   Max: 4.29
Current: 0.6

During the past 4 years, the highest Debt-to-Equity Ratio of JE Cleantech Holdings was 4.29. The lowest was 0.60. And the median was 1.60.

JCSE's Debt-to-Equity is ranked worse than
71.7% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs JCSE: 0.60

JE Cleantech Holdings Debt-to-Equity Historical Data

The historical data trend for JE Cleantech Holdings'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.

JE Cleantech Holdings Debt-to-Equity Chart

JE Cleantech Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
2.99 1.98 4.29 0.73

JE Cleantech Holdings Quarterly Data
Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.29 0.88 - 0.73 0.60

Competitive Comparison of JE Cleantech Holdings's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, JE Cleantech Holdings'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.

JE Cleantech Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where JE Cleantech Holdings's Debt-to-Equity falls into.


JE Cleantech Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JE Cleantech Holdings'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
=(4.792 + 3.981) / 12.044
=0.73

JE Cleantech Holdings'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
=(3.387 + 3.904) / 12.263
=0.59

* 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.

JE Cleantech Holdings  (NAS:JCSE) 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.

JE Cleantech Holdings Debt-to-Equity Related Terms

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JE Cleantech Holdings (JE Cleantech Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JE Cleantech Holdings Ltd (NAS:JCSE) » Definitions » Debt-to-Equity
Comparable Companies
CVAT CGRNQ LASE PRPI BRBL ATVK JKSM BBRW BURU SHPW GE XTER:SIE XPAR:SU ETN ITW XKRX:373220 OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
3 Woodlands Sector 1, Singapore, SGP, 738361
Website
https://www.jecleantech.sg
JE Cleantech Holdings Ltd is engaged in the manufacturing and selling of cleaning systems and other equipment that can be categorized into four different categories, namely aqueous washing systems, plating and cleaning systems, train cleaning systems, and other equipment, such as filtration units. The product lives of its cleaning systems and other equipment range from two to ten years. The company is also into designing, developing, and manufacturing other cleaning systems for various industrial end-use applications using its R&D and engineering capabilities. It derives a majority of its revenue from Singapore.