FSHRF (Feishang Anthracite Resources) Debt-to-Equity: -0.70 (As of Dec. 2025)

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What is Feishang Anthracite Resources Debt-to-Equity?

Feishang Anthracite Resources FSHRF Debt-to-Equity is -0.70 as of Dec. 2025. The stock has 3 warning signs investors should review. Among 134 Other Energy Sources companies, Feishang Anthracite Resources ranks worse than 746267.91% on this metric.

Feishang Anthracite Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $230.82 Mil. Feishang Anthracite Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $13.05 Mil. Feishang Anthracite Resources's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $-347.50 Mil. Feishang Anthracite Resources's debt to equity for the quarter that ended in Dec. 2025 was -0.70.

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 Feishang Anthracite Resources's Debt-to-Equity or its related term are showing as below:

FSHRF' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.09   Med: -2.18   Max: -0.7
Current: -0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Feishang Anthracite Resources was -0.70. The lowest was -5.09. And the median was -2.18.

FSHRF's Debt-to-Equity is not ranked
in the Other Energy Sources industry.
Industry Median: 0.325 vs FSHRF: -0.70

Feishang Anthracite Resources  (OTCPK:FSHRF) 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.

Feishang Anthracite Resources Debt-to-Equity Related Terms

Feishang Anthracite Resources Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Feishang Anthracite Resources'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.

Feishang Anthracite Resources Debt-to-Equity Chart

Feishang Anthracite Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.44 -2.31 -1.46 -1.00 -0.70

Feishang Anthracite Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.46 -1.23 -1.00 -0.86 -0.70

Feishang Anthracite Resources Debt-to-Equity Competitor Comparison

For the Thermal Coal subindustry, Feishang Anthracite Resources'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.

Feishang Anthracite Resources Debt-to-Equity vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Feishang Anthracite Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Feishang Anthracite Resources's Debt-to-Equity falls into.


Feishang Anthracite Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Feishang Anthracite Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 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
=(230.815 + 13.052) / -347.5
=-0.70

Feishang Anthracite Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2025 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
=(230.815 + 13.052) / -347.5
=-0.70

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.70 mean?
Feishang Anthracite Resources (FSHRF) has a Debt-to-Equity of -0.70 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Feishang Anthracite Resources and its competitors. According to the industry distribution chart, Feishang Anthracite Resources ranks #999999 out of 134 companies in the Other Energy Sources industry.
Is Feishang Anthracite Resources' Debt-to-Equity too high?
Feishang Anthracite Resources' current Debt-to-Equity is -0.70. Based on the distribution chart, Feishang Anthracite Resources ranks #999999 out of 134 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers.
How does Feishang Anthracite Resources' Debt-to-Equity compare to competitors?
According to the Other Energy Sources industry distribution chart, Feishang Anthracite Resources ranks #999999 out of 134 companies for Debt-to-Equity. This places Feishang Anthracite Resources in the lower half of its industry. The industry median Debt-to-Equity is 0.33. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Other Energy Sources company?
The median Debt-to-Equity among Other Energy Sources companies is 0.33, based on 134 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Feishang Anthracite Resources and its competitors. For the Other Energy Sources industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Feishang Anthracite Resources's current Debt-to-Equity is -0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Feishang Anthracite Resources stock overvalued right now?
Based on GuruFocus' analysis, Feishang Anthracite Resources (FSHRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.01, compared to a current price of $0.05 — trading 382% above its estimated fair value. The current Debt-to-Equity is -0.70. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Feishang Anthracite Resources (FSHRF), the current Debt-to-Equity is -0.70 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Feishang Anthracite Resources Business Description

Other Exchanges 01738:Hong Kong
Address 2-12 Au Pui Wan Street, Room M07, 7th Floor, Valiant Industrial Building, Fo Tan, Hong Kong, HKG
Feishang Anthracite Resources Ltd is principally engaged in the trading of anthracite coal mines and the extraction and sale of anthracite coal in the People's Republic of China. The Group had only one operating segment: extraction and sale of anthracite coal and trading of anthracite coal. The company conducts its principal operation and derives revenues solely from Mainland China.