Zhen Ding Resources (Zhen Ding Resources) Debt-to-Equity : -0.47 (As of Dec. 2023)

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What is Zhen Ding Resources Debt-to-Equity?

Zhen Ding Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.44 Mil. Zhen Ding Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Zhen Ding Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-7.32 Mil. Zhen Ding Resources's debt to equity for the quarter that ended in Dec. 2023 was -0.47.

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 Zhen Ding Resources's Debt-to-Equity or its related term are showing as below:

RBTK' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.24 Med: -0.6 Max: -0.47
Current: -0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Zhen Ding Resources was -0.47. The lowest was -1.24. And the median was -0.60.

RBTK's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs RBTK: -0.47

Zhen Ding Resources Debt-to-Equity Historical Data

The historical data trend for Zhen Ding Resources'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.

Zhen Ding Resources Debt-to-Equity Chart

Zhen Ding Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.59

-0.53

-0.51

-0.49

-0.47

Zhen Ding Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.49	-0.48	-0.48	-0.48	-0.47

Competitive Comparison of Zhen Ding Resources's Debt-to-Equity

For the Gold subindustry, Zhen Ding Resources'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.

Zhen Ding Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Zhen Ding Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhen Ding Resources'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
	=	(3.439	+	0)	/	-7.322
	=	-0.47

Zhen Ding Resources'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
	=	(3.439	+	0)	/	-7.322
	=	-0.47

Zhen Ding Resources (OTCPK:RBTK) 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.

Zhen Ding Resources Debt-to-Equity Related Terms

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Zhen Ding Resources (Zhen Ding Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhen Ding Resources Inc (OTCPK:RBTK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3900 Place De Java, Second Floor, Suite 111, Brossard, QC, CAN, J4Y OC4

Website

https://www.zhendingresources.com

Zhen Ding Resources Inc, through its subsidiary, is involved in the business of gold and copper mining, development, and production in China and Southeast Asia. The company's one of the project is Wuxi gold project, which is located in Jingxian county, situated in the southeastern part of Anhui Province, PRC.

Zhen Ding Resources (Zhen Ding Resources) Headlines

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