MMG (HKSE:01208) Debt-to-Equity : 2.29 (As of Dec. 2023)

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What is MMG Debt-to-Equity?

MMG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10,569 Mil. MMG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$27,345 Mil. MMG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$16,583 Mil. MMG's debt to equity for the quarter that ended in Dec. 2023 was 2.29.

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 MMG's Debt-to-Equity or its related term are showing as below:

HKSE:01208' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.29 Med: 7.03 Max: 15.4
Current: 2.29

During the past 13 years, the highest Debt-to-Equity Ratio of MMG was 15.40. The lowest was 2.29. And the median was 7.03.

HKSE:01208's Debt-to-Equity is ranked worse than
96.41% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:01208: 2.29

MMG Debt-to-Equity Historical Data

The historical data trend for MMG'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.

MMG Debt-to-Equity Chart

MMG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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7.70

7.83

3.33

2.60

2.29

MMG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															3.33	2.82	2.60	2.76	2.29

Competitive Comparison of MMG's Debt-to-Equity

For the Copper subindustry, MMG'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.

MMG's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

MMG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MMG'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
	=	(10569.002	+	27345.234)	/	16583.329
	=	2.29

MMG'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
	=	(10569.002	+	27345.234)	/	16583.329
	=	2.29

MMG (HKSE:01208) 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.

MMG Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MMG's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

MMG (HKSE:01208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMG Ltd (HKSE:01208) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MMLTF:USA OMS1:Germany

Address

79 Chatham Road South, Unit 1208, 12th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.mmg.com

MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority is from the Las Bambas segment. The key revenue by metal is derived from Copper.

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