China Titans Energy Technology Group Co (HKSE:02188) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is China Titans Energy Technology Group Co Debt-to-Equity?

China Titans Energy Technology Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$117.4 Mil. China Titans Energy Technology Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$58.0 Mil. China Titans Energy Technology Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$666.6 Mil. China Titans Energy Technology Group Co's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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 Titans Energy Technology Group Co's Debt-to-Equity or its related term are showing as below:

HKSE:02188' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.34 Max: 0.48
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of China Titans Energy Technology Group Co was 0.48. The lowest was 0.23. And the median was 0.34.

HKSE:02188's Debt-to-Equity is ranked better than
53.9% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs HKSE:02188: 0.26

China Titans Energy Technology Group Co Debt-to-Equity Historical Data

The historical data trend for China Titans Energy Technology Group Co'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 Titans Energy Technology Group Co Debt-to-Equity Chart

China Titans Energy Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.35

0.34

0.32

0.34

0.26

China Titans Energy Technology Group Co 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															0.32	0.33	0.34	0.23	0.26

Competitive Comparison of China Titans Energy Technology Group Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, China Titans Energy Technology Group Co'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 Titans Energy Technology Group Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Titans Energy Technology Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Titans Energy Technology Group Co's Debt-to-Equity falls into.

China Titans Energy Technology Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Titans Energy Technology Group Co'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
	=	(117.39	+	58.048)	/	666.558
	=	0.26

China Titans Energy Technology Group Co'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
	=	(117.39	+	58.048)	/	666.558
	=	0.26

China Titans Energy Technology Group Co (HKSE:02188) 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 Titans Energy Technology Group Co Debt-to-Equity Related Terms

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

China Titans Energy Technology Group Co (HKSE:02188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Titans Energy Technology Group Co Ltd (HKSE:02188) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 60 Shihua Road West, Titans Science and Technology Park, Guangdong Province, Zhuhai, CHN, 519015

Website

https://www.titans.com.cn

China Titans Energy Technology Group Co Ltd is engaged in the supply of power electric products and equipment, the sales and leases of electric vehicles, the provision of charging services for electric vehicles, and construction services of charging poles for electric vehicles under Build-Operate-Transfer (BOT) arrangements. Its reporting segments are DC Power System; Charging Equipment; and Charging Services and Construction. The company generates majority of its revenue from the Charging Equipment segment. Its Charging Equipment segment is engaged in the manufacturing and sales of charging equipment for electric vehicles. Geographically, it operates in the PRC.

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