Lygend Resources & Technology Co (HKSE:02245) Debt-to-Equity : 1.26 (As of Dec. 2023)

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What is Lygend Resources & Technology Co Debt-to-Equity?

Lygend Resources & Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5,152 Mil. Lygend Resources & Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7,461 Mil. Lygend Resources & Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$10,047 Mil. Lygend Resources & Technology Co's debt to equity for the quarter that ended in Dec. 2023 was 1.26.

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 Lygend Resources & Technology Co's Debt-to-Equity or its related term are showing as below:

HKSE:02245' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 1.26 Max: 1.52
Current: 1.26

During the past 5 years, the highest Debt-to-Equity Ratio of Lygend Resources & Technology Co was 1.52. The lowest was 0.74. And the median was 1.26.

HKSE:02245's Debt-to-Equity is ranked worse than
90.55% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:02245: 1.26

Lygend Resources & Technology Co Debt-to-Equity Historical Data

The historical data trend for Lygend Resources & Technology 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.

Lygend Resources & Technology Co Debt-to-Equity Chart

Lygend Resources & Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.31

0.74

1.52

0.74

1.26

Lygend Resources & Technology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			1.52	1.40	0.74	1.36	1.26

Competitive Comparison of Lygend Resources & Technology Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lygend Resources & Technology 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.

Lygend Resources & Technology Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lygend Resources & Technology Co's Debt-to-Equity falls into.

Lygend Resources & Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lygend Resources & Technology 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
	=	(5152.372	+	7461.392)	/	10046.956
	=	1.26

Lygend Resources & Technology Co'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
	=	(5152.372	+	7461.392)	/	10046.956
	=	1.26

Lygend Resources & Technology Co (HKSE:02245) 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.

Lygend Resources & Technology Co Debt-to-Equity Related Terms

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Lygend Resources & Technology Co (HKSE:02245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lygend Resources & Technology Co Ltd (HKSE:02245) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 299 Guanghua Road, 10th-11th Floor, Building C10, R&D Park, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315000

Website

https://www.lygend.com

Lygend Resources & Technology Co Ltd is engaged in both the trading and the production of nickel products. The company has a comprehensive product and service portfolio covering multiple areas across the nickel industry value chain, from upstream sourcing of nickel resources, trading and production of nickel products, to equipment manufacturing and sale. Its products are widely used in various downstream sectors including the NEV and stainless steel industries. It derives a majority of its revenue from Mainland China.

Lygend Resources & Technology Co (HKSE:02245) Headlines

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