Angang Steel Co (Angang Steel Co) Debt-to-Equity : 0.13 (As of Mar. 2024)

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What is Angang Steel Co Debt-to-Equity?

Angang Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $185 Mil. Angang Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $787 Mil. Angang Steel Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $7,366 Mil. Angang Steel Co's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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

ANGGF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.37 Max: 0.54
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Angang Steel Co was 0.54. The lowest was 0.11. And the median was 0.37.

ANGGF's Debt-to-Equity is ranked better than
80.29% of 558 companies
in the Steel industry
Industry Median: 0.41 vs ANGGF: 0.13

Angang Steel Co Debt-to-Equity Historical Data

The historical data trend for Angang 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.

Angang Steel Co Debt-to-Equity Chart

Angang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.27

0.11

0.12

0.13

Angang 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															0.12	0.08	0.10	0.13	0.13

Competitive Comparison of Angang Steel Co's Debt-to-Equity

For the Steel subindustry, Angang 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.

Angang Steel Co's Debt-to-Equity Distribution in the Steel Industry

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

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

Angang Steel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Angang 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
	=	(186.269	+	770.287)	/	7661.41
	=	0.12

Angang 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
	=	(184.684	+	787.197)	/	7366.382
	=	0.13

Angang Steel Co (OTCPK:ANGGF) 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.

Angang Steel Co Debt-to-Equity Related Terms

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

Angang Steel Co (Angang Steel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Angang Steel Co Ltd (OTCPK:ANGGF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

00347:Hong Kong GNV:Germany 000898:China

Address

Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021

Website

http://www.ansteel.com.cn

Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.

Angang Steel Co (Angang Steel Co) Headlines

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