China Nonferrous Mining (HKSE:01258) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is China Nonferrous Mining Debt-to-Equity?

China Nonferrous Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,388 Mil. China Nonferrous Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. China Nonferrous Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$14,389 Mil. China Nonferrous Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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

HKSE:01258' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 1.13 Max: 1.8
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of China Nonferrous Mining was 1.80. The lowest was 0.10. And the median was 1.13.

HKSE:01258's Debt-to-Equity is ranked better than
54.41% of 1314 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:01258: 0.10

China Nonferrous Mining Debt-to-Equity Historical Data

The historical data trend for China Nonferrous 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.

China Nonferrous Mining Debt-to-Equity Chart

China Nonferrous Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.21

0.97

0.58

0.32

0.10

China Nonferrous 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															0.58	0.54	0.32	0.28	0.10

Competitive Comparison of China Nonferrous Mining's Debt-to-Equity

For the Copper subindustry, China Nonferrous 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.

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

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

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

China Nonferrous Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Nonferrous 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
	=	(1387.622	+	0)	/	14388.666
	=	0.10

China Nonferrous 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
	=	(1387.622	+	0)	/	14388.666
	=	0.10

China Nonferrous Mining (HKSE:01258) 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.

China Nonferrous Mining Debt-to-Equity Related Terms

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

China Nonferrous Mining (HKSE:01258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Nonferrous Mining Corp Ltd (HKSE:01258) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

3N4:Germany

Address

32 Enos Chomba Road, Kitwe, ZMB

Website

https://www.cnmcl.net

China Nonferrous Mining Corp Ltd is engaged in the exploration, mining, ore processing, leaching, smelting of copper and cobalt, and sale of copper cathodes, blister copper, and copper anodes, copper-cobalt alloy, cobaltous hydroxide, and sulfuric acid. Its operating segments are Leaching and Smelting. The majority of the company's revenue is derived from the Smelting segment. The smelting segment includes the production and sale of blister and copper anodes. Geographically, it derives a majority of revenue from Mainland China.

China Nonferrous Mining (HKSE:01258) Headlines

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