China Nuclear Engineering (SHSE:601611) Debt-to-Equity : 2.67 (As of Mar. 2024)

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What is China Nuclear Engineering Debt-to-Equity?

China Nuclear Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥32,747 Mil. China Nuclear Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥44,029 Mil. China Nuclear Engineering's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥28,779 Mil. China Nuclear Engineering's debt to equity for the quarter that ended in Mar. 2024 was 2.67.

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

SHSE:601611' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.67 Med: 2.47 Max: 3.49
Current: 2.67

During the past 13 years, the highest Debt-to-Equity Ratio of China Nuclear Engineering was 3.49. The lowest was 1.67. And the median was 2.47.

SHSE:601611's Debt-to-Equity is ranked worse than
94.11% of 1511 companies
in the Construction industry
Industry Median: 0.44 vs SHSE:601611: 2.67

China Nuclear Engineering Debt-to-Equity Historical Data

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

China Nuclear Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.33

2.42

2.55

2.59

2.41

China Nuclear Engineering Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.82	2.84	2.73	2.41	2.67

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

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

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

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

China Nuclear Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Nuclear 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
	=	(28084.894	+	41099.599)	/	28684.621
	=	2.41

China Nuclear Engineering's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(32746.608	+	44029.334)	/	28779.155
	=	2.67

China Nuclear Engineering (SHSE:601611) 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 Nuclear Engineering Debt-to-Equity Related Terms

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

China Nuclear Engineering (SHSE:601611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Nuclear Engineering Corporation Ltd (SHSE:601611) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Chegongzhuang Street, No.12, Xicheng District, Beijing, CHN, 100037

Website

http://www.cnecc.com

China Nuclear Engineering Corporation Ltd is a China-based company engaged in providing engineering and construction services, clean energy open development and utilization and real estate development. It is also involved in the provision of nuclear power construction and engineering services. The company's business includes construction of the High-temperature reactor, Low-temperature nuclear heating reactor, Nuclear Power Plant (NPP) construction, industrial and civil engineering construction, inspection and maintenance of NPP, and providing talent training for global nuclear power engineering and construction.

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