Cleanaway Co (TPE:8422) Debt-to-Equity : 1.17 (As of Mar. 2024)

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What is Cleanaway Co Debt-to-Equity?

Cleanaway Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$1,401 Mil. Cleanaway Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$6,196 Mil. Cleanaway Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$6,504 Mil. Cleanaway Co's debt to equity for the quarter that ended in Mar. 2024 was 1.17.

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 Cleanaway Co's Debt-to-Equity or its related term are showing as below:

TPE:8422' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.12 Max: 1.17
Current: 1.17

During the past 13 years, the highest Debt-to-Equity Ratio of Cleanaway Co was 1.17. The lowest was 0.06. And the median was 0.12.

TPE:8422's Debt-to-Equity is ranked worse than
75% of 220 companies
in the Waste Management industry
Industry Median: 0.745 vs TPE:8422: 1.17

Cleanaway Co Debt-to-Equity Historical Data

The historical data trend for Cleanaway 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.

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Cleanaway Co Debt-to-Equity Chart

Cleanaway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.09

0.10

0.71

1.09

Cleanaway Co 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															0.84	0.82	0.94	1.09	1.17

Competitive Comparison of Cleanaway Co's Debt-to-Equity

For the Waste Management subindustry, Cleanaway 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.

Cleanaway Co's Debt-to-Equity Distribution in the Waste Management Industry

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

* The bar in red indicates where Cleanaway Co's Debt-to-Equity falls into.

Cleanaway Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cleanaway 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
	=	(1293.382	+	5539.662)	/	6255.227
	=	1.09

Cleanaway Co'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
	=	(1401.283	+	6195.502)	/	6503.529
	=	1.17

Cleanaway Co (TPE:8422) 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.

Cleanaway Co Debt-to-Equity Related Terms

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Cleanaway Co (TPE:8422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Co Ltd (TPE:8422) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 308, Zhongshan South Road, 1st Floor, Houhong Village, Gangshan District, Kaohsiung, TWN, 820

Website

https://www.cleanaway.tw

Cleanaway Co Ltd offers one-stop-shop services for treating forms of waste. It treats various industrial and hazardous waste materials and owns private landfills for final disposal in Taiwan. The company provides systems for daily activities and solutions for cleaning up contaminated sites. Cleaning an entire location can require on-site sampling and experimental studies to return the location to its natural form. Cleanway provides technologies, contracts, clearance, and transportation to the designated landfill, and it enforces strict compliance with all regulations. Part of the process focuses on quality control and random testing to prevent non-treated or unapproved wastes from entering the company's landfills.

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