Zhaojin Mining Industry Co (HKSE:01818) Debt-to-Asset : 0.38 (As of Dec. 2023)

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What is Zhaojin Mining Industry Co Debt-to-Asset?

Zhaojin Mining Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8,562 Mil. Zhaojin Mining Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10,892 Mil. Zhaojin Mining Industry Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was HK$51,263 Mil. Zhaojin Mining Industry Co's debt to asset for the quarter that ended in Dec. 2023 was 0.38.

Zhaojin Mining Industry Co Debt-to-Asset Historical Data

The historical data trend for Zhaojin Mining Industry Co's Debt-to-Asset 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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Zhaojin Mining Industry Co Debt-to-Asset Chart

Zhaojin Mining Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.46

0.44

0.39

0.41

0.38

Zhaojin Mining Industry Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.39	0.44	0.41	0.44	0.38

Competitive Comparison of Zhaojin Mining Industry Co's Debt-to-Asset

For the Gold subindustry, Zhaojin Mining Industry Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Zhaojin Mining Industry Co's Debt-to-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Zhaojin Mining Industry Co's Debt-to-Asset falls into.

Zhaojin Mining Industry Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Zhaojin Mining Industry Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(8562.441	+	10892.47)	/	51262.568
	=	0.38

Zhaojin Mining Industry Co's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(8562.441	+	10892.47)	/	51262.568
	=	0.38

Zhaojin Mining Industry Co (HKSE:01818) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Zhaojin Mining Industry Co Debt-to-Asset Related Terms

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Zhaojin Mining Industry Co (HKSE:01818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhaojin Mining Industry Co Ltd (HKSE:01818) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ZHAOF:USA ZVL:Germany

Address

1 Matheson Street, Times Square, 31st Floor, Tower Two, Causeway Bay, Hong Kong, HKG

Website

https://www.zhaojin.com.cn

Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The exploration, mining, ore processing, smelting, and sale of gold and other metallic products, is a large integrated mining enterprise specializing in the production of gold. It produces two kinds of gold products, Au9999 and Au9995 gold bullions under the brand Zhaojin. It has three reportable operating segments, the gold operations segment consists of gold mining and smelting operations; the copper operations segment consists of copper mining and smelting operations; the others segment comprises other investment activities, operation of a finance company, operation and catering services of a hotel, exploration services and engineering design and consulting services.

Executives

Van Eck Associates Corporation	2102 Investment manager
Shan Dong Zhao Jin Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zi Jin Kuang Ye Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Shan Xiang Gang Guo Ji Kuang Ye You Xian Gong Si	2101 Beneficial owner
Fosun International Holdings Ltd.	2201 Interest of corporation controlled by you
Fosun International Limited	2201 Interest of corporation controlled by you
Guo Guangchang	2201 Interest of corporation controlled by you
Shanghai Fosun Industrial Investment Co., Ltd.	2201 Interest of corporation controlled by you
Shang Hai Yu Yuan Lv You Shang Cheng Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Vaneck Etf - Vaneck Gold Miners Etf	2101 Beneficial owner

Zhaojin Mining Industry Co (HKSE:01818) Headlines

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