Newton Resources (HKSE:01231) Debt-to-Equity : 0.44 (As of Jun. 2024)

Newton Resources Debt-to-Equity Chart

Newton Resources Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity		Get a 7-Day Free Trial					2.42	0.66	0.19	0.17	0.50

Newton Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.17	0.15	0.50	0.44

Competitive Comparison of Newton Resources's Debt-to-Equity

For the Steel subindustry, Newton 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.

Newton Resources's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Newton Resources's Debt-to-Equity distribution charts can be found below:

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

Newton Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Newton Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Newton Resources's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.

Newton Resources  (HKSE:01231) 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.

Newton Resources Debt-to-Equity Related Terms

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Newton Resources Business Description