Huludao Zinc Industry Co (SZSE:000751) Debt-to-Equity : 0.64 (As of Mar. 2024)

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What is Huludao Zinc Industry Co Debt-to-Equity?

Huludao Zinc Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,297 Mil. Huludao Zinc Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Huludao Zinc Industry Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,582 Mil. Huludao Zinc Industry Co's debt to equity for the quarter that ended in Mar. 2024 was 0.64.

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 Huludao Zinc Industry Co's Debt-to-Equity or its related term are showing as below:

SZSE:000751' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.36 Max: 0.74
Current: 0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Huludao Zinc Industry Co was 0.74. The lowest was 0.05. And the median was 0.36.

SZSE:000751's Debt-to-Equity is ranked worse than
79.68% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:000751: 0.64

Huludao Zinc Industry Co Debt-to-Equity Historical Data

The historical data trend for Huludao Zinc Industry 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.

Huludao Zinc Industry Co Debt-to-Equity Chart

Huludao Zinc Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.31

0.71

0.72

0.67

Huludao Zinc Industry 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															0.70	0.74	0.68	0.67	0.64

Competitive Comparison of Huludao Zinc Industry Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Huludao Zinc Industry 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.

Huludao Zinc Industry Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Huludao Zinc Industry Co's Debt-to-Equity falls into.

Huludao Zinc Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Huludao Zinc Industry 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
	=	(2393.582	+	0)	/	3580.379
	=	0.67

Huludao Zinc Industry 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
	=	(2296.638	+	0)	/	3581.738
	=	0.64

Huludao Zinc Industry Co (SZSE:000751) 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.

Huludao Zinc Industry Co Debt-to-Equity Related Terms

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Huludao Zinc Industry Co (SZSE:000751) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Huludao Zinc Industry Co Ltd (SZSE:000751) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 24, Zinc Factory Road, Longgang District, Liaoning Province, Huludao, CHN, 125003

Website

http://www.hldxygf.com

Huludao Zinc Industry Co Ltd is a non-ferrous metal smelting enterprise in Northeast China and North China. The company's main business is zinc, copper and lead smelting and deep processing of products, processing of cadmium, indium, sulfuric acid and copper sulfate comprehensive utilization products. These products are widely used in metallurgy, machinery, electronics, medicine, chemical, military and other industries, exported to more than 20 countries and regions.

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