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Sichuan Rongda Gold Co (SZSE:001337) Debt-to-Equity : 0.03 (As of Dec. 2023)


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What is Sichuan Rongda Gold Co Debt-to-Equity?

Sichuan Rongda Gold Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥44.2 Mil. Sichuan Rongda Gold Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥0.3 Mil. Sichuan Rongda Gold Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥1,357.4 Mil. Sichuan Rongda Gold Co'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 Sichuan Rongda Gold Co's Debt-to-Equity or its related term are showing as below:

SZSE:001337' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.03   Max: 0.06
Current: 0.03

During the past 6 years, the highest Debt-to-Equity Ratio of Sichuan Rongda Gold Co was 0.06. The lowest was 0.00. And the median was 0.03.

SZSE:001337's Debt-to-Equity is ranked better than
75.44% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:001337: 0.03

Sichuan Rongda Gold Co Debt-to-Equity Historical Data

The historical data trend for Sichuan Rongda Gold 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.

Sichuan Rongda Gold Co Debt-to-Equity Chart

Sichuan Rongda Gold Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial - - 0.06 0.03 0.03

Sichuan Rongda Gold Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.02 - - 0.03

Competitive Comparison of Sichuan Rongda Gold Co's Debt-to-Equity

For the Gold subindustry, Sichuan Rongda Gold 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.


Sichuan Rongda Gold Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sichuan Rongda Gold Co's Debt-to-Equity falls into.



Sichuan Rongda Gold Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sichuan Rongda Gold Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sichuan Rongda Gold Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Sichuan Rongda Gold Co  (SZSE:001337) 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.


Sichuan Rongda Gold Co Debt-to-Equity Related Terms

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Sichuan Rongda Gold Co (SZSE:001337) Business Description

Traded in Other Exchanges
N/A
Address
No. 26, Longqin Street, Muli County, Sichuan Province, Qiaowa, CHN, 610095
Sichuan Rongda Gold Co Ltd is engaged in gold mining, mineral products and mining machinery operation, mineral geology, engineering geology, geological exploration consulting services, after-sales service.

Sichuan Rongda Gold Co (SZSE:001337) Headlines

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