CDT Environmental Technology Investment Holdings (CDT Environmental Technology Investment Holdings) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is CDT Environmental Technology Investment Holdings Debt-to-Equity?

CDT Environmental Technology Investment Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.55 Mil. CDT Environmental Technology Investment Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.19 Mil. CDT Environmental Technology Investment Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $31.90 Mil. CDT Environmental Technology Investment Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 CDT Environmental Technology Investment Holdings's Debt-to-Equity or its related term are showing as below:

CDTG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.2 Max: 0.36
Current: 0.27

During the past 6 years, the highest Debt-to-Equity Ratio of CDT Environmental Technology Investment Holdings was 0.36. The lowest was 0.10. And the median was 0.20.

CDTG's Debt-to-Equity is ranked better than
74.89% of 219 companies
in the Waste Management industry
Industry Median: 0.74 vs CDTG: 0.27

CDT Environmental Technology Investment Holdings Debt-to-Equity Historical Data

The historical data trend for CDT Environmental Technology Investment 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.

* Premium members only.

CDT Environmental Technology Investment Holdings Debt-to-Equity Chart

CDT Environmental Technology Investment Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.12

0.17

0.10

0.24

0.27

CDT Environmental Technology Investment Holdings Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.10	0.17	0.24	0.28	0.27

Competitive Comparison of CDT Environmental Technology Investment Holdings's Debt-to-Equity

For the Waste Management subindustry, CDT Environmental Technology Investment 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.

CDT Environmental Technology Investment Holdings's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, CDT Environmental Technology Investment Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CDT Environmental Technology Investment Holdings's Debt-to-Equity falls into.

CDT Environmental Technology Investment Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CDT Environmental Technology Investment 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
	=	(8.545	+	0.185)	/	31.903
	=	0.27

CDT Environmental Technology Investment 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
	=	(8.545	+	0.185)	/	31.903
	=	0.27

CDT Environmental Technology Investment Holdings (NAS:CDTG) 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.

CDT Environmental Technology Investment Holdings Debt-to-Equity Related Terms

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CDT Environmental Technology Investment Holdings (CDT Environmental Technology Investment Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » CDT Environmental Technology Investment Holdings Ltd (NAS:CDTG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Kefa Road, C1, 4th Floor, Building 1, Financial Base, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.cdthb.cn

CDT Environmental Technology Investment Holdings Ltd is a waste treatment company. The company generates revenue through the design, development, manufacture, sales, installation, operation and maintenance of sewage treatment systems and by providing sewage treatment services. It engages in two business lines namely, rural sewage treatment and septic tank treatment in both urban and rural areas.

CDT Environmental Technology Investment Holdings (CDT Environmental Technology Investment Holdings) Headlines

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