Maanshan Iron And Steel Co (STU:YM9A) Debt-to-Equity : 0.81 (As of Mar. 2024)

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What is Maanshan Iron And Steel Co Debt-to-Equity?

Maanshan Iron And Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,807 Mil. Maanshan Iron And Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,041 Mil. Maanshan Iron And Steel Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €3,508 Mil. Maanshan Iron And Steel Co's debt to equity for the quarter that ended in Mar. 2024 was 0.81.

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 Maanshan Iron And Steel Co's Debt-to-Equity or its related term are showing as below:

STU:YM9A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.73 Max: 1.24
Current: 0.81

During the past 13 years, the highest Debt-to-Equity Ratio of Maanshan Iron And Steel Co was 1.24. The lowest was 0.44. And the median was 0.73.

STU:YM9A's Debt-to-Equity is ranked worse than
72.78% of 551 companies
in the Steel industry
Industry Median: 0.42 vs STU:YM9A: 0.81

Maanshan Iron And Steel Co Debt-to-Equity Historical Data

The historical data trend for Maanshan Iron And Steel 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.

Maanshan Iron And Steel Co Debt-to-Equity Chart

Maanshan Iron And Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.75

0.68

0.53

0.69

0.73

Maanshan Iron And Steel 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															0.63	0.73	0.67	0.73	0.81

Competitive Comparison of Maanshan Iron And Steel Co's Debt-to-Equity

For the Steel subindustry, Maanshan Iron And Steel 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.

Maanshan Iron And Steel Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maanshan Iron And Steel Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Maanshan Iron And Steel Co's Debt-to-Equity falls into.

Maanshan Iron And Steel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maanshan Iron And Steel 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
	=	(1696.84	+	919.696)	/	3566.257
	=	0.73

Maanshan Iron And Steel 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
	=	(1807.343	+	1040.63)	/	3507.684
	=	0.81

Maanshan Iron And Steel Co (STU:YM9A) 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.

Maanshan Iron And Steel Co Debt-to-Equity Related Terms

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Maanshan Iron And Steel Co (STU:YM9A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maanshan Iron And Steel Co Ltd (STU:YM9A) » Definitions » Debt-to-Equity

Traded in Other Exchanges

MAANF:USA 00323:Hong Kong YM9A:Germany 600808:China

Address

No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003

Website

https://www.magang.com.hk

Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. It has two segments. Production and sale of iron and steel products and related by-products, and Financial service. The company's principal product is steel, which is categorized into steel plates, section steel, wire rods, and train wheels. Thin plate products are further categorized into hot and rolled plates, galvanized plates, and coil-coating plates. The products in the wire rod category comprise wire rod materials and hot-rolled reinforced steel used in armored concrete. The Train wheel category includes train wheels and wheel rims.

Maanshan Iron And Steel Co (STU:YM9A) Headlines

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