Southern Alliance Mining (SGX:QNS) Debt-to-Equity : 0.03 (As of Jan. 2024)

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What is Southern Alliance Mining Debt-to-Equity?

Southern Alliance Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was S$1.96 Mil. Southern Alliance Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was S$1.33 Mil. Southern Alliance Mining's Total Stockholders Equity for the quarter that ended in Jan. 2024 was S$98.52 Mil. Southern Alliance Mining's debt to equity for the quarter that ended in Jan. 2024 was 0.03.

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

SGX:QNS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.05
Current: 0.03

During the past 7 years, the highest Debt-to-Equity Ratio of Southern Alliance Mining was 0.05. The lowest was 0.01. And the median was 0.03.

SGX:QNS's Debt-to-Equity is ranked better than
94.37% of 551 companies
in the Steel industry
Industry Median: 0.42 vs SGX:QNS: 0.03

Southern Alliance Mining Debt-to-Equity Historical Data

The historical data trend for Southern Alliance Mining'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.

Southern Alliance Mining Debt-to-Equity Chart

Southern Alliance Mining Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.02

0.03

0.01

0.03

0.04

Southern Alliance Mining Semi-Annual Data
	Jul17	Jul18	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial							0.03	0.03	0.04	0.04	0.03

Competitive Comparison of Southern Alliance Mining's Debt-to-Equity

For the Steel subindustry, Southern Alliance Mining'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.

Southern Alliance Mining's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Southern Alliance Mining's Debt-to-Equity distribution charts can be found below:

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

Southern Alliance Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southern Alliance Mining's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(2	+	1.867)	/	100.824
	=	0.04

Southern Alliance Mining's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(1.956	+	1.325)	/	98.516
	=	0.03

Southern Alliance Mining (SGX:QNS) 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.

Southern Alliance Mining Debt-to-Equity Related Terms

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

Southern Alliance Mining (SGX:QNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Southern Alliance Mining Ltd (SGX:QNS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Putra Square 6, Level 8, Menara Zenith, Putra Square, Kuantan, PHG, MYS, 25200

Website

https://www.southernalliancemining.com

Southern Alliance Mining Ltd is engaged in the exploration, mining, and processing of iron ore for subsequent sale.The principal activities of the Company are those of investment holding and provision of management services. The company mines, produces, and sells iron ore which includes processed iron ore concentrate typically sold to steel mills or traders; and crushed iron ore that is used as a pipe coating material. It mines at the Chaah mine an open pit mine located at the southwest of the township of Chaah.

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