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China Graphite Group (HKSE:02237) Debt-to-Equity : 0.15 (As of Dec. 2023)


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What is China Graphite Group Debt-to-Equity?

China Graphite Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$73.2 Mil. China Graphite Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.0 Mil. China Graphite Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$490.9 Mil. China Graphite Group's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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 Graphite Group's Debt-to-Equity or its related term are showing as below:

HKSE:02237' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.15   Max: 0.42
Current: 0.15

During the past 5 years, the highest Debt-to-Equity Ratio of China Graphite Group was 0.42. The lowest was 0.03. And the median was 0.15.

HKSE:02237's Debt-to-Equity is ranked worse than
52% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:02237: 0.15

China Graphite Group Debt-to-Equity Historical Data

The historical data trend for China Graphite Group'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 Graphite Group Debt-to-Equity Chart

China Graphite Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.15 0.14 0.42 0.03 0.15

China Graphite Group Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.42 0.39 0.03 0.03 0.15

Competitive Comparison of China Graphite Group's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, China Graphite Group'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 Graphite Group's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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


China Graphite Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Graphite Group'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
=(73.214 + 0) / 490.898
=0.15

China Graphite Group'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
=(73.214 + 0) / 490.898
=0.15

* 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.

China Graphite Group  (HKSE:02237) 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 Graphite Group Debt-to-Equity Related Terms

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

China Graphite Group (HKSE:02237) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Graphite Group Ltd (HKSE:02237) » Definitions » Debt-to-Equity
Comparable Companies
HKSE:00769 HKSE:01029 HKSE:00166 HKSE:08095 HKSE:06128 HKSE:03833 HKSE:02326 HKSE:02623 HKSE:00637 HKSE:08028 ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
N/A
Address
Yanjun Farm, No. 1, Building 1, Graphite Development Zone, Luobei County, Heilongjiang Province, Hegang, CHN
Website
https://www.chinagraphite.com.hk
China Graphite Group Ltd is engaged in the production and sales of flake graphite concentrate and Sale of spherical graphite and its by-products, and unprocessed marble in China. All of the Group's activities are carried out in the People's Republic of China.

China Graphite Group (HKSE:02237) Headlines

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