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Zangge Mining Co (SZSE:000408) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Zangge Mining Co Debt-to-Equity?

Zangge Mining Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7 Mil. Zangge Mining Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9 Mil. Zangge Mining Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥13,602 Mil. Zangge Mining Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Zangge Mining Co was 0.50. The lowest was 0.00. And the median was 0.04.

SZSE:000408's Debt-to-Equity is not ranked *
in the Chemicals industry.
Industry Median: 0.35
* Ranked among companies with meaningful Debt-to-Equity only.

Zangge Mining Co Debt-to-Equity Historical Data

The historical data trend for Zangge Mining 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.

Zangge Mining Co Debt-to-Equity Chart

Zangge Mining Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 - - - -

Zangge Mining 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Zangge Mining Co's Debt-to-Equity

For the Chemicals subindustry, Zangge Mining 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.


Zangge Mining Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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



Zangge Mining Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zangge Mining Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Zangge Mining Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Zangge Mining Co  (SZSE:000408) 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.


Zangge Mining Co Debt-to-Equity Related Terms

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


Zangge Mining Co (SZSE:000408) Business Description

Traded in Other Exchanges
N/A
Address
No. 15-02, Kunlun South Road, Qinghai Province, Golmud, CHN, 056200
Zangge Mining Co Ltd is engaged in the manufacturing of chemicals and fertilizers including potassium chloride, fertilizers, and among others. It operates through subsidiary that is engaged in the production and sales of potassium chloride.
Executives
Zhang Ping Directors, executives
Xiao Yong Ming Director
Li Shuang Executives
Xiao Yao Directors, executives
Wu Zheng De Directors, Directors, and Executives
Zheng Ju Fu Director
Dai Guan Hua Director

Zangge Mining Co (SZSE:000408) Headlines

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