China Conch Environment Protection Holdings (HKSE:00587) Debt-to-Equity : 1.43 (As of Dec. 2023)

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What is China Conch Environment Protection Holdings Debt-to-Equity?

China Conch Environment Protection Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,398 Mil. China Conch Environment Protection Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,268 Mil. China Conch Environment Protection Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,274 Mil. China Conch Environment Protection Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.43.

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 Conch Environment Protection Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:00587' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 1.18 Max: 1.43
Current: 1.43

During the past 6 years, the highest Debt-to-Equity Ratio of China Conch Environment Protection Holdings was 1.43. The lowest was 0.23. And the median was 1.18.

HKSE:00587's Debt-to-Equity is ranked worse than
83.64% of 220 companies
in the Waste Management industry
Industry Median: 0.685 vs HKSE:00587: 1.43

China Conch Environment Protection Holdings Debt-to-Equity Historical Data

The historical data trend for China Conch Environment Protection 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.

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China Conch Environment Protection Holdings Debt-to-Equity Chart

China Conch Environment Protection Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

1.11

1.26

1.39

1.43

China Conch Environment Protection Holdings Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				1.26	1.37	1.39	1.40	1.43

Competitive Comparison of China Conch Environment Protection Holdings's Debt-to-Equity

For the Waste Management subindustry, China Conch Environment Protection 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.

China Conch Environment Protection Holdings's Debt-to-Equity Distribution in the Waste Management Industry

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

* The bar in red indicates where China Conch Environment Protection Holdings's Debt-to-Equity falls into.

China Conch Environment Protection Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Conch Environment Protection Holdings'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
	=	(1398.181	+	3267.708)	/	3273.721
	=	1.43

China Conch Environment Protection Holdings'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
	=	(1398.181	+	3267.708)	/	3273.721
	=	1.43

China Conch Environment Protection Holdings (HKSE:00587) 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 Conch Environment Protection Holdings Debt-to-Equity Related Terms

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China Conch Environment Protection Holdings (HKSE:00587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Conch Environment Protection Holdings Ltd (HKSE:00587) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1005, South Jiuhua Road, Yijiang District, Anhui Province, Wuhu Conch International Conference Center, Wuhu, CHN, 241070

Website

https://www.conchenviro.com

China Conch Environment Protection Holdings Ltd is an energy conservation and environmental protection enterprise focusing on providing eco-friendly and cost-efficient treatment of industrial solid and hazardous waste in China. It had secured around 100 environmental protection projects in various provinces, municipalities, and regions nationwide. The group has three segments: industrial hazardous waste treatment services, industrial solid waste treatment services and comprehensive resource utilization.

China Conch Environment Protection Holdings (HKSE:00587) Headlines

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