Chongqingnfeng Environment Group (SHSE:601827) Debt-to-Equity : 0.84 (As of Mar. 2024)

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What is Chongqingnfeng Environment Group Debt-to-Equity?

Chongqingnfeng Environment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,590 Mil. Chongqingnfeng Environment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,459 Mil. Chongqingnfeng Environment Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥10,840 Mil. Chongqingnfeng Environment Group's debt to equity for the quarter that ended in Mar. 2024 was 0.83.

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 Chongqingnfeng Environment Group's Debt-to-Equity or its related term are showing as below:

SHSE:601827' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 0.94 Max: 1.61
Current: 0.84

During the past 9 years, the highest Debt-to-Equity Ratio of Chongqingnfeng Environment Group was 1.61. The lowest was 0.84. And the median was 0.94.

SHSE:601827's Debt-to-Equity is ranked worse than
58.37% of 221 companies
in the Waste Management industry
Industry Median: 0.69 vs SHSE:601827: 0.84

Chongqingnfeng Environment Group Debt-to-Equity Historical Data

The historical data trend for Chongqingnfeng Environment Group'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.

Chongqingnfeng Environment Group Debt-to-Equity Chart

Chongqingnfeng Environment Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.57

0.96

0.90

0.87

0.86

Chongqingnfeng Environment Group 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															0.87	0.87	0.84	0.86	0.84

Competitive Comparison of Chongqingnfeng Environment Group's Debt-to-Equity

For the Waste Management subindustry, Chongqingnfeng Environment Group'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.

Chongqingnfeng Environment Group's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Chongqingnfeng Environment Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chongqingnfeng Environment Group's Debt-to-Equity falls into.

Chongqingnfeng Environment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chongqingnfeng Environment Group'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
	=	(1682.928	+	7334.26)	/	10451.984
	=	0.86

Chongqingnfeng Environment Group'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
	=	(1589.797	+	7458.57)	/	10839.963
	=	0.83

Chongqingnfeng Environment Group (SHSE:601827) 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.

Chongqingnfeng Environment Group Debt-to-Equity Related Terms

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Chongqingnfeng Environment Group (SHSE:601827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chongqing Sanfeng Environment Group Corp Ltd (SHSE:601827) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Jianqiao Avenue, Jianqiao Industrial Park, Dadukou District, Chongqing, CHN, 400084

Website

http://www.cseg.cn

Chongqing Sanfeng Environment Group Corp Ltd is engaged in investment and operation of waste incineration power generation projects, EPC construction and R & D and manufacturing of core equipment for waste incineration power generation and other related businesses. The company's services include Waste incineration power generation, Leachate treatment, and Garbage collection and transfer.

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