China Daye Non-Ferrous Metals Mining (HKSE:00661) Debt-to-Equity : 5.15 (As of Dec. 2023)

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What is China Daye Non-Ferrous Metals Mining Debt-to-Equity?

China Daye Non-Ferrous Metals Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8,310 Mil. China Daye Non-Ferrous Metals Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8,835 Mil. China Daye Non-Ferrous Metals Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,329 Mil. China Daye Non-Ferrous Metals Mining's debt to equity for the quarter that ended in Dec. 2023 was 5.15.

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 China Daye Non-Ferrous Metals Mining's Debt-to-Equity or its related term are showing as below:

HKSE:00661' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.92 Med: 3.92 Max: 5.15
Current: 5.15

During the past 13 years, the highest Debt-to-Equity Ratio of China Daye Non-Ferrous Metals Mining was 5.15. The lowest was 2.92. And the median was 3.92.

HKSE:00661's Debt-to-Equity is ranked worse than
98.77% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:00661: 5.15

China Daye Non-Ferrous Metals Mining Debt-to-Equity Historical Data

The historical data trend for China Daye Non-Ferrous Metals Mining'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.

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China Daye Non-Ferrous Metals Mining Debt-to-Equity Chart

China Daye Non-Ferrous Metals Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.46

3.05

3.14

4.22

5.15

China Daye Non-Ferrous Metals Mining 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-Equity	Get a 7-Day Free Trial															3.14	3.41	4.22	4.95	5.15

Competitive Comparison of China Daye Non-Ferrous Metals Mining's Debt-to-Equity

For the Copper subindustry, China Daye Non-Ferrous Metals Mining'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.

China Daye Non-Ferrous Metals Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where China Daye Non-Ferrous Metals Mining's Debt-to-Equity falls into.

China Daye Non-Ferrous Metals Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Daye Non-Ferrous Metals Mining'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
	=	(8310.099	+	8835.476)	/	3328.822
	=	5.15

China Daye Non-Ferrous Metals Mining'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
	=	(8310.099	+	8835.476)	/	3328.822
	=	5.15

China Daye Non-Ferrous Metals Mining (HKSE:00661) 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.

China Daye Non-Ferrous Metals Mining Debt-to-Equity Related Terms

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China Daye Non-Ferrous Metals Mining (HKSE:00661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Daye Non-Ferrous Metals Mining Ltd (HKSE:00661) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1008 Tai Nan West Street, China United Plaza, Room 1, 11th Floor, Kowloon, Hong Kong, HKG

Website

http://www.hk661.com

China Daye Non-Ferrous Metals Mining Ltd is engaged in the mining and processing of mineral ores and trading of metal products in the PRC. The company's mining product portfolio consists of Copper cathodes, Other copper products, Gold and other gold products, Silver and other silver products, Iron ores, Sulphuric acid and sulphuric concentrate, and others, of which key revenue is generated from the sale of copper cathodes. The group has a business presence in the PRC, Hong Kong and The Republic of Mongolia. It derives a majority of the revenue from the PRC.

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