CDT Environmental Technology Investment Holdings Ltd
CDTG · Sanitary Services · EDGAR filings ↗
Grade
F38Near-cash-out Chinese sanitary-services micro-cap with collapsing revenue and deep losses.
Strengths
- Gross margin still positive (41.5%, 52nd pct)
- Current ratio 1.46 nominally adequate
Risks
- Essentially no cash ($66.7K, runway 0.2 quarters, 5th pct) — imminent funding crisis
- Revenue down -39%, net margin -56%, operating margin -64%, interest coverage -127
Notable findings
- No interest coverageInterest coverage -127.41 (cannot cover interest)
- Net lossNet loss (net margin -55.9%)
- Cash burnNegative free cash flow (-1.5M)
- Revenue declineRevenue -38.8% YoY
Key metrics
Gross margin
41.5%
Operating margin
-63.9%
Net margin
-55.9%
Return on equity
-33.3%
Return on assets
-11.5%
Revenue growth (QoQ)
-38.8%
Net-income growth
-801.7%
Interest coverage
-127.4×
Current ratio
1.5×
Free cash flow
-$1M
Tangible book value
$31M
Cash & investments
$67K
Cash runway
0q
Stock comp / revenue
11.8%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-05-15 | 2025-12-31 | 0001731122-26-000740 ↗ |
| 20-F | 2025-05-15 | 2024-12-31 | 0001731122-25-000746 ↗ |
| 20-F | 2024-05-15 | 2023-12-31 | 0001731122-24-000803 ↗ |