Northeast Electrical Development Co (HKSE:00042) Debt-to-Equity : -0.04 (As of Dec. 2023)

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What is Northeast Electrical Development Co Debt-to-Equity?

Northeast Electrical Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8.7 Mil. Northeast Electrical Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil. Northeast Electrical Development Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-220.1 Mil. Northeast Electrical Development Co's debt to equity for the quarter that ended in Dec. 2023 was -0.04.

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

HKSE:00042' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.67 Med: -0.04 Max: 0.52
Current: -0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Northeast Electrical Development Co was 0.52. The lowest was -0.67. And the median was -0.04.

HKSE:00042's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs HKSE:00042: -0.04

Northeast Electrical Development Co Debt-to-Equity Historical Data

The historical data trend for Northeast Electrical Development 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.

Northeast Electrical Development Co Debt-to-Equity Chart

Northeast Electrical Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-0.67

-0.12

-0.24

-0.04

Northeast Electrical Development Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.16	-	-0.04	-0.04	-0.04

Competitive Comparison of Northeast Electrical Development Co's Debt-to-Equity

For the Lodging subindustry, Northeast Electrical Development 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.

Northeast Electrical Development Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Northeast Electrical Development Co's Debt-to-Equity distribution charts can be found below:

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

Northeast Electrical Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northeast Electrical Development 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
	=	(8.652	+	0)	/	-220.088
	=	-0.04

Northeast Electrical Development 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
	=	(8.652	+	0)	/	-220.088
	=	-0.04

Northeast Electrical Development Co (HKSE:00042) 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.

Northeast Electrical Development Co Debt-to-Equity Related Terms

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Northeast Electrical Development Co (HKSE:00042) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Northeast Electrical Development Co Ltd (HKSE:00042) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NE4H:Germany

Address

No.7 Guoxing Road, Meilan District, 22nd Floor, HNA Plaza, Hainan Province, Haikou, CHN, 570203

Website

https://www.neeq.com.cn

Northeast Electrical Development Co Ltd is mainly engaged in the R&D, design, production and sales businesses of products related to power transmission and transformation equipment as well as hotel catering and accommodation services. The products offered by the company include enclosed busbars which are applied to the power system field and are used to enhance transmission capacity of power transmission lines and support transmission of the high-power electric energy.

Executives

Ci Hang Dong Xi Fang Wen Jiao Jiao Liu Ji Jin Hui You Xian Gong Si

2201 Interest of corporation controlled by you

Northeast Electrical Development Co (HKSE:00042) Headlines

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