Pengxin International Mining Co (SHSE:600490) Debt-to-Equity : 0.13 (As of Sep. 2023)

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Pengxin International Mining Co Debt-to-Equity Definition

Pengxin International Mining Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥818 Mil. Pengxin International Mining Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥0 Mil. Pengxin International Mining Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥6,133 Mil. Pengxin International Mining Co's debt to equity for the quarter that ended in Sep. 2023 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 Pengxin International Mining Co's Debt-to-Equity or its related term are showing as below:

SHSE:600490' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.25 Max: 0.6
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Pengxin International Mining Co was 0.60. The lowest was 0.06. And the median was 0.25.

SHSE:600490's Debt-to-Equity is ranked better than
50.27% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SHSE:600490: 0.13

Pengxin International Mining Co Debt-to-Equity Historical Data

The historical data trend for Pengxin International Mining 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.

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Pengxin International Mining Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.31

0.24

0.06

0.09

0.12

Pengxin International Mining Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.12	0.12	0.11	0.13

Competitive Comparison

For the Copper subindustry, Pengxin International Mining 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.

Pengxin International Mining Co Debt-to-Equity Distribution

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

* The bar in red indicates where Pengxin International Mining Co's Debt-to-Equity falls into.

Pengxin International Mining Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pengxin International Mining Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(735.659	+	0)	/	6037.743
	=	0.12

Pengxin International Mining Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(817.581	+	0)	/	6132.512
	=	0.13

Pengxin International Mining Co (SHSE:600490) 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.

Pengxin International Mining Co Debt-to-Equity Related Terms

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Pengxin International Mining Co (SHSE:600490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pengxin International Mining Co Ltd (SHSE:600490) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

China Hongqiao Road, Changning District, No. 41, Lane 2188, Shanghai, CHN

Website

http://www.pengxinzy.com.cn

Pengxin International Mining Co Ltd is engaged in metal copper mining, mineral processing, and smelting business. It is also involved in international trade and financial investment business.

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