Shanxi Coking Coal Energy Group Co (SZSE:000983) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is Shanxi Coking Coal Energy Group Co Debt-to-Equity?

Shanxi Coking Coal Energy Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥3,428 Mil. Shanxi Coking Coal Energy Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥6,579 Mil. Shanxi Coking Coal Energy Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥37,624 Mil. Shanxi Coking Coal Energy Group Co's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 Shanxi Coking Coal Energy Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:000983' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.95 Max: 1.15
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Shanxi Coking Coal Energy Group Co was 1.15. The lowest was 0.27. And the median was 0.95.

SZSE:000983's Debt-to-Equity is ranked worse than
59.06% of 127 companies
in the Other Energy Sources industry
Industry Median: 0.24 vs SZSE:000983: 0.27

Shanxi Coking Coal Energy Group Co Debt-to-Equity Historical Data

The historical data trend for Shanxi Coking Coal Energy Group 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.

Shanxi Coking Coal Energy Group Co Debt-to-Equity Chart

Shanxi Coking Coal Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.77

0.89

0.69

0.42

0.27

Shanxi Coking Coal Energy Group Co 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															0.42	0.37	0.33	0.32	0.27

Competitive Comparison of Shanxi Coking Coal Energy Group Co's Debt-to-Equity

For the Thermal Coal subindustry, Shanxi Coking Coal Energy Group 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.

Shanxi Coking Coal Energy Group Co's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Shanxi Coking Coal Energy Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shanxi Coking Coal Energy Group Co's Debt-to-Equity falls into.

Shanxi Coking Coal Energy Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shanxi Coking Coal Energy Group 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
	=	(3427.973	+	6579.254)	/	37623.854
	=	0.27

Shanxi Coking Coal Energy Group Co'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
	=	(3427.973	+	6579.254)	/	37623.854
	=	0.27

Shanxi Coking Coal Energy Group Co (SZSE:000983) 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.

Shanxi Coking Coal Energy Group Co Debt-to-Equity Related Terms

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Shanxi Coking Coal Energy Group Co (SZSE:000983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanxi Coking Coal Energy Group Co Ltd (SZSE:000983) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No 318 West Mine Street, Xishan Building, Shanxi province, Taiyuan, CHN, 030053

Website

http://www.xsmd.com.cn

Shanxi Coking Coal Energy Group Co Ltd formerly Shanxi Xishan Coal And Electricity Power Co Ltd is a China-based company engaged in coal mining and processing, coal mining machine manufacturing, and electrical equipment repair. The business scope of the company includes coal sales, washing and processing; power generation; power procurement and sales; power facilities, transportation and maintenance; equipment cleaning, cleaning services, technology development, technology transfer, technical consulting, laboratory testing, mechanical and electrical repair, material processing, energy-saving renovation New energy management; mine development design and construction; mining and power equipment production and operation and coal mining.

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