Cyber Enviro-Tech (Cyber Enviro-Tech) Debt-to-Equity : 1.51 (As of Mar. 2024)

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What is Cyber Enviro-Tech Debt-to-Equity?

Cyber Enviro-Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.22 Mil. Cyber Enviro-Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.65 Mil. Cyber Enviro-Tech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1.91 Mil. Cyber Enviro-Tech's debt to equity for the quarter that ended in Mar. 2024 was 1.51.

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 Cyber Enviro-Tech's Debt-to-Equity or its related term are showing as below:

CETI' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.26 Med: 1.02 Max: 2.22
Current: 1.51

During the past 3 years, the highest Debt-to-Equity Ratio of Cyber Enviro-Tech was 2.22. The lowest was -0.26. And the median was 1.02.

CETI's Debt-to-Equity is ranked worse than
73.32% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.875 vs CETI: 1.51

Cyber Enviro-Tech Debt-to-Equity Historical Data

The historical data trend for Cyber Enviro-Tech'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.

Cyber Enviro-Tech Debt-to-Equity Chart

Cyber Enviro-Tech Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-0.26

0.42

2.22

Cyber Enviro-Tech Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial					0.84	1.02	1.19	2.22	1.51

Competitive Comparison of Cyber Enviro-Tech's Debt-to-Equity

For the Utilities - Regulated Water subindustry, Cyber Enviro-Tech'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.

Cyber Enviro-Tech's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cyber Enviro-Tech's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cyber Enviro-Tech's Debt-to-Equity falls into.

Cyber Enviro-Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cyber Enviro-Tech'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
	=	(0.498	+	2.771)	/	1.474
	=	2.22

Cyber Enviro-Tech'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
	=	(0.221	+	2.649)	/	1.906
	=	1.51

Cyber Enviro-Tech (OTCPK:CETI) 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.

Cyber Enviro-Tech Debt-to-Equity Related Terms

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Cyber Enviro-Tech (Cyber Enviro-Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cyber Enviro-Tech Inc (OTCPK:CETI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6991 East Camelback Road, Suite D-300, Scottsdale, AZ, USA, 85251

Website

https://www.cyberenviro.tech

Cyber Enviro-Tech Inc is a water science technology company that designs water purification and cyber solutions for commercial applications and industries. The company manufacture and sell water filtration, desalination, and oil separation systems. It serves Oil and Gas; Dairy Farms and Feedlots; Agriculture; Mining and other industries.