Shanghai CEO Environmental Protection Technology Co (SHSE:688335) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Shanghai CEO Environmental Protection Technology Co Debt-to-Equity?

Shanghai CEO Environmental Protection Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥14.1 Mil. Shanghai CEO Environmental Protection Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.1 Mil. Shanghai CEO Environmental Protection Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,256.2 Mil. Shanghai CEO Environmental Protection Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Shanghai CEO Environmental Protection Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:688335' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.72 Med: 0.01 Max: 0.42
Current: 0.02

During the past 10 years, the highest Debt-to-Equity Ratio of Shanghai CEO Environmental Protection Technology Co was 0.42. The lowest was -6.72. And the median was 0.01.

SHSE:688335's Debt-to-Equity is ranked better than
93.98% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:688335: 0.02

Shanghai CEO Environmental Protection Technology Co Debt-to-Equity Historical Data

The historical data trend for Shanghai CEO Environmental Protection Technology 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.

Shanghai CEO Environmental Protection Technology Co Debt-to-Equity Chart

Shanghai CEO Environmental Protection Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Shanghai CEO Environmental Protection Technology 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															0.01	0.01	0.01	0.01	0.02

Competitive Comparison of Shanghai CEO Environmental Protection Technology Co's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Shanghai CEO Environmental Protection Technology 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.

Shanghai CEO Environmental Protection Technology Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai CEO Environmental Protection Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanghai CEO Environmental Protection Technology Co's Debt-to-Equity falls into.

Shanghai CEO Environmental Protection Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanghai CEO Environmental Protection Technology 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
	=	(7.725	+	5.035)	/	1254.293
	=	0.01

Shanghai CEO Environmental Protection Technology 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
	=	(14.104	+	5.061)	/	1256.175
	=	0.02

Shanghai CEO Environmental Protection Technology Co (SHSE:688335) 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.

Shanghai CEO Environmental Protection Technology Co Debt-to-Equity Related Terms

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Shanghai CEO Environmental Protection Technology Co (SHSE:688335) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai CEO Environmental Protection Technology Co Ltd (SHSE:688335) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Lane 1688, Guoquan North Road, 8th Floor, Building A7, Bay Valley Technology Park, Yangpu District, Shanghai, CHN, 200433

Website

http://www.ceo.sh.cn

Shanghai CEO Environmental Protection Technology Co Ltd is a national high-tech enterprise dedicated to ecological environmental protection and governance. The company has owned core technologies such as low-temperature vacuum dehydration and drying integration technology and exhaust gas purification series technology. It provides sludge dehydration and drying and exhaust gas purification technology equipment and services for urban and industrial (park) sewage treatment plants (stations). It integrates the research and development, design, manufacturing, integration, installation and installation of high-end energy-saving and environmental protection technologies and equipment.

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