Nan Nan Resources Enterprise (HKSE:01229) Debt-to-Equity : 2.09 (As of Sep. 2023)

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What is Nan Nan Resources Enterprise Debt-to-Equity?

Nan Nan Resources Enterprise's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.7 Mil. Nan Nan Resources Enterprise's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$257.7 Mil. Nan Nan Resources Enterprise's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$124.4 Mil. Nan Nan Resources Enterprise's debt to equity for the quarter that ended in Sep. 2023 was 2.09.

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

HKSE:01229' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.6 Med: 1.62 Max: 4.36
Current: 2.09

During the past 13 years, the highest Debt-to-Equity Ratio of Nan Nan Resources Enterprise was 4.36. The lowest was -7.60. And the median was 1.62.

HKSE:01229's Debt-to-Equity is ranked worse than
96.83% of 126 companies
in the Other Energy Sources industry
Industry Median: 0.195 vs HKSE:01229: 2.09

Nan Nan Resources Enterprise Debt-to-Equity Historical Data

The historical data trend for Nan Nan Resources Enterprise'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.

Nan Nan Resources Enterprise Debt-to-Equity Chart

Nan Nan Resources Enterprise Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.56

1.46

1.62

1.00

2.43

Nan Nan Resources Enterprise Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															2.29	1.00	-7.60	2.43	2.09

Competitive Comparison of Nan Nan Resources Enterprise's Debt-to-Equity

For the Thermal Coal subindustry, Nan Nan Resources Enterprise'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.

Nan Nan Resources Enterprise's Debt-to-Equity Distribution in the Other Energy Sources Industry

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

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

Nan Nan Resources Enterprise Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nan Nan Resources Enterprise's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(5.137	+	299.74)	/	125.448
	=	2.43

Nan Nan Resources Enterprise's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.69	+	257.694)	/	124.402
	=	2.09

Nan Nan Resources Enterprise (HKSE:01229) 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.

Nan Nan Resources Enterprise Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nan Nan Resources Enterprise's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nan Nan Resources Enterprise (HKSE:01229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Nan Nan Resources Enterprise Ltd (HKSE:01229) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Admiralty Centre, 8th Floor, Tower 2, Admiralty, Hong Kong, HKG

Website

http://www.nannanlisted.com

Nan Nan Resources Enterprise Ltd is an investment holding company. The company's operating segment include Coal mining business, Renewable energy and IT Services business. The coal mining business segment is engaged in mining and sales of coal mine in the PRC. It generates maximum revenue from the Coal mining business segment. Geographically, it derives a majority of revenue from PRC and also has a presence in Malaysia.

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