Minco Capital (Minco Capital) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Minco Capital Debt-to-Equity?

Minco Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.03 Mil. Minco Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.11 Mil. Minco Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4.10 Mil. Minco Capital's debt to equity for the quarter that ended in Dec. 2023 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 Minco Capital's Debt-to-Equity or its related term are showing as below:

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

During the past 13 years, the highest Debt-to-Equity Ratio of Minco Capital was 0.03. The lowest was 0.01. And the median was 0.01.

MGHCF's Debt-to-Equity is ranked better than
89.81% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs MGHCF: 0.03

Minco Capital Debt-to-Equity Historical Data

The historical data trend for Minco Capital'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.

Minco Capital Debt-to-Equity Chart

Minco Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.03

Minco Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.03	0.03	0.04	0.03

Competitive Comparison of Minco Capital's Debt-to-Equity

For the Asset Management subindustry, Minco Capital'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.

Minco Capital's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Minco Capital's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Minco Capital's Debt-to-Equity falls into.

Minco Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minco Capital'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
	=	(0.027	+	0.11)	/	4.103
	=	0.03

Minco Capital'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
	=	(0.027	+	0.11)	/	4.103
	=	0.03

Minco Capital (OTCPK:MGHCF) 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.

Minco Capital Debt-to-Equity Related Terms

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

Minco Capital (Minco Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Minco Capital Corp (OTCPK:MGHCF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MI5:Germany MMM:Canada

Address

No. 2060 - 1055 West Georgia Street, PO Box 11176, Vancouver, BC, CAN, V6E 3R5

Website

http://www.mincocapitalcorp.com

Minco Capital Corp is a Canadian company that is focused on utilizing its working capital position, industry contacts and internal expertise to identify, evaluate and invest in assets that have the capacity to generate returns and growth. The company invests in publicly traded and privately held corporations as well as taking indirect and direct ownership stakes in resource projects. Its types of investments may include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles. It has one segment which is the acquisition and sale of investments in other companies.

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