Hainan Mining Co (SHSE:601969) Debt-to-Asset : 0.23 (As of Sep. 2024)

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What is Hainan Mining Co Debt-to-Asset?

Hainan Mining Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥2,171 Mil. Hainan Mining Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥711 Mil. Hainan Mining Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ¥12,755 Mil. Hainan Mining Co's debt to asset for the quarter that ended in Sep. 2024 was 0.23.

Hainan Mining Co Debt-to-Asset Historical Data

The historical data trend for Hainan Mining 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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Hainan Mining Co Debt-to-Asset Chart

Hainan Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.19

0.21

0.19

0.17

Hainan Mining Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.18	0.17	0.19	0.21	0.23

Competitive Comparison of Hainan Mining Co's Debt-to-Asset

For the Steel subindustry, Hainan Mining 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.

Hainan Mining Co's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hainan Mining Co's Debt-to-Asset distribution charts can be found below:

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

Hainan Mining Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Hainan Mining 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
	=	(1570.449	+	557.354)	/	12212.983
	=	0.17

Hainan Mining Co's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2170.986	+	711.271)	/	12755.137
	=	0.23

Hainan Mining Co (SHSE:601969) 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.

Hainan Mining Co Debt-to-Asset Related Terms

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Hainan Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hainan Mining Co Ltd (SHSE:601969) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

Changjiang Li Autonomous County, Hainan Shilu, CHN

Website

http://www.hnmining.com

Hainan Mining Co Ltd is a China-based company engages in the business of iron ore mining. It offers a range of product that is lump ore, fine ore, and iron fine powder to iron and steel companies. It holds an interest in Shilu, a multi-metal and non-metallic mineral deposit located in China.

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