Nanjing Hanrui Cobalt Co (SZSE:300618) Debt-to-Equity : 0.31 (As of Mar. 2024)

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What is Nanjing Hanrui Cobalt Co Debt-to-Equity?

Nanjing Hanrui Cobalt Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,299 Mil. Nanjing Hanrui Cobalt Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥327 Mil. Nanjing Hanrui Cobalt Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥5,224 Mil. Nanjing Hanrui Cobalt Co's debt to equity for the quarter that ended in Mar. 2024 was 0.31.

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 Nanjing Hanrui Cobalt Co's Debt-to-Equity or its related term are showing as below:

SZSE:300618' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.33 Max: 1.32
Current: 0.31

During the past 12 years, the highest Debt-to-Equity Ratio of Nanjing Hanrui Cobalt Co was 1.32. The lowest was 0.20. And the median was 0.33.

SZSE:300618's Debt-to-Equity is ranked worse than
66.36% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:300618: 0.31

Nanjing Hanrui Cobalt Co Debt-to-Equity Historical Data

The historical data trend for Nanjing Hanrui Cobalt 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.

Nanjing Hanrui Cobalt Co Debt-to-Equity Chart

Nanjing Hanrui Cobalt Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.62

0.26

0.27

0.25

0.22

Nanjing Hanrui Cobalt 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															0.26	0.24	0.21	0.22	0.31

Competitive Comparison of Nanjing Hanrui Cobalt Co's Debt-to-Equity

For the Copper subindustry, Nanjing Hanrui Cobalt 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.

Nanjing Hanrui Cobalt Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nanjing Hanrui Cobalt Co's Debt-to-Equity falls into.

Nanjing Hanrui Cobalt Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nanjing Hanrui Cobalt 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
	=	(1139.863	+	0)	/	5205.507
	=	0.22

Nanjing Hanrui Cobalt 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
	=	(1299.404	+	327.21)	/	5223.763
	=	0.31

Nanjing Hanrui Cobalt Co (SZSE:300618) 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.

Nanjing Hanrui Cobalt Co Debt-to-Equity Related Terms

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Nanjing Hanrui Cobalt Co (SZSE:300618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nanjing Hanrui Cobalt Co Ltd (SZSE:300618) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 115, Jinghuai Street, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211100

Website

http://www.hrcobalt.com

Nanjing Hanrui Cobalt Co Ltd is a China-based company engaged in the extraction of cobalt and copper ore. The business activities of the group include development and deep processing of cobalt and copper mineral resources and forming an integrated industrial chain from mineral resources development and smelting the same to produce cobalt intermediate products and cobalt powder which guarantee the stable supply of resources. Geographically the group holds a marketing network in multiple countries and regions including South Korea, Japan, Germany, Switzerland, Israel, India, and the USA.

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