CMOC Group (CMOC Group) Debt-to-Equity : 0.84 (As of Dec. 2023)

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What is CMOC Group Debt-to-Equity?

CMOC Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,023 Mil. CMOC Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,941 Mil. CMOC Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8,339 Mil. CMOC Group's debt to equity for the quarter that ended in Dec. 2023 was 0.84.

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 CMOC Group's Debt-to-Equity or its related term are showing as below:

CMCLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 0.91 Max: 1.73
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of CMOC Group was 1.73. The lowest was 0.54. And the median was 0.91.

CMCLF's Debt-to-Equity is ranked worse than
84.5% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CMCLF: 0.84

CMOC Group Debt-to-Equity Historical Data

The historical data trend for CMOC Group'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.

CMOC Group Debt-to-Equity Chart

CMOC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.08

1.16

1.18

0.98

0.84

CMOC Group 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															0.98	0.92	1.03	1.08	0.84

Competitive Comparison of CMOC Group's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, CMOC Group'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.

CMOC Group's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where CMOC Group's Debt-to-Equity falls into.

CMOC Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CMOC Group'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
	=	(4022.892	+	2940.906)	/	8338.74
	=	0.84

CMOC Group'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
	=	(4022.892	+	2940.906)	/	8338.74
	=	0.84

CMOC Group (OTCPK:CMCLF) 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.

CMOC Group Debt-to-Equity Related Terms

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CMOC Group (CMOC Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CMOC Group Ltd (OTCPK:CMCLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

03993:Hong Kong D7N:Germany 603993:China

Address

North of Yihe, Huamei Shan Road, Chengdong New District, Luanchuan County, Henan Province, Luoyang, CHN, 471500

Website

https://www.cmoc.com

CMOC Group Ltd is engaged in the mining and processing smelting, deep processing, trade, research, and development of molybdenum, tungsten, copper, gold, and other precious and base metals. The company has both upstream and downstream operations including molybdenum mining, processing, roasting, molybdenum chemical products, and molybdenum metal processing. The company has operating segments, namely Molybdenum Tungsten-related products, Copper and gold-related products, Niobium and Phosphorus-related products, Copper and Cobalt-related products, metal trading, and others. It derives a majority of its revenue from China.