Mongolian Mining (HKSE:00975) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Mongolian Mining Debt-to-Equity?

Mongolian Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. Mongolian Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,671 Mil. Mongolian Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$9,140 Mil. Mongolian Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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

HKSE:00975' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.55 Max: 4.58
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Mongolian Mining was 4.58. The lowest was 0.18. And the median was 0.55.

HKSE:00975's Debt-to-Equity is ranked better than
74.73% of 558 companies
in the Steel industry
Industry Median: 0.415 vs HKSE:00975: 0.18

Mongolian Mining Debt-to-Equity Historical Data

The historical data trend for Mongolian Mining'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.

Mongolian Mining Debt-to-Equity Chart

Mongolian Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.52

0.51

0.40

0.18

Mongolian Mining 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															0.51	0.53	0.40	0.32	0.18

Competitive Comparison of Mongolian Mining's Debt-to-Equity

For the Coking Coal subindustry, Mongolian Mining'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.

Mongolian Mining's Debt-to-Equity Distribution in the Steel Industry

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

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

Mongolian Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mongolian Mining'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	+	1671.243)	/	9139.91
	=	0.18

Mongolian Mining'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
	=	(0	+	1671.243)	/	9139.91
	=	0.18

Mongolian Mining (HKSE:00975) 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.

Mongolian Mining Debt-to-Equity Related Terms

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

Mongolian Mining (HKSE:00975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mongolian Mining Corp (HKSE:00975) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MOGLF:USA 29X2:Germany

Address

Central Tower, 16th Floor, Sukhbaatar District, Ulaanbaatar, MNG, 14200

Website

https://www.mmc.mn

Mongolian Mining Corp, together with its subsidiaries, engages in the mining, processing, transportation, and sale of coal products in Mongolia. The company owns and operates the Ukhaa Khudag and the Baruun Naran open-pit coking coal mines located in the Umnugobi aimag, Mongolia. The company generates revenue from the sale of Washed hard-coking coal, Washed semi-soft coking coal, Washed thermal coal, and Raw thermal coal. The majority of the revenue is generated from the sale of Washed hard-coking coal. China accounts for the majority of the sale of its products.

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