Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Debt-to-Equity : 2.31 (As of Dec. 2010)

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What is Sanmenxia Tianyuan Aluminum Co Debt-to-Equity?

Sanmenxia Tianyuan Aluminum Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2010 was HK$716 Mil. Sanmenxia Tianyuan Aluminum Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2010 was HK$0 Mil. Sanmenxia Tianyuan Aluminum Co's Total Stockholders Equity for the quarter that ended in Dec. 2010 was HK$310 Mil. Sanmenxia Tianyuan Aluminum Co's debt to equity for the quarter that ended in Dec. 2010 was 2.31.

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 Sanmenxia Tianyuan Aluminum Co's Debt-to-Equity or its related term are showing as below:

HKSE:08253' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: 2.31

HKSE:08253's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs HKSE:08253: 2.31

Sanmenxia Tianyuan Aluminum Co Debt-to-Equity Historical Data

The historical data trend for Sanmenxia Tianyuan Aluminum 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.

Sanmenxia Tianyuan Aluminum Co Debt-to-Equity Chart

Sanmenxia Tianyuan Aluminum Co Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Debt-to-Equity

Get a 7-Day Free Trial

3.44

2.66

2.30

1.15

2.31

Sanmenxia Tianyuan Aluminum Co Semi-Annual Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10
Debt-to-Equity	Get a 7-Day Free Trial			3.44	2.66	2.30	1.15	2.31

Competitive Comparison of Sanmenxia Tianyuan Aluminum Co's Debt-to-Equity

For the Aluminum subindustry, Sanmenxia Tianyuan Aluminum 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.

Sanmenxia Tianyuan Aluminum Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sanmenxia Tianyuan Aluminum Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sanmenxia Tianyuan Aluminum Co's Debt-to-Equity falls into.

Sanmenxia Tianyuan Aluminum Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sanmenxia Tianyuan Aluminum Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2010 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
	=	(716.479	+	0)	/	309.892
	=	2.31

Sanmenxia Tianyuan Aluminum Co's Debt to Equity Ratio for the quarter that ended in Dec. 2010 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
	=	(716.479	+	0)	/	309.892
	=	2.31

Sanmenxia Tianyuan Aluminum Co (HKSE:08253) 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.

Sanmenxia Tianyuan Aluminum Co Debt-to-Equity Related Terms

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Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sanmenxia Tianyuan Aluminum Co Ltd (HKSE:08253) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Website

http://www.styal.com.cn/

Sanmenxia Tianyuan Aluminum Co. is mainly engaged in aluminum and aluminum alloy ingots production and sales, as well as import business concerning reasearch required materials and equipments.

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