China Kingstone Mining Holdings (HKSE:01380) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is China Kingstone Mining Holdings Debt-to-Equity?

China Kingstone Mining Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$17.30 Mil. China Kingstone Mining Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.46 Mil. China Kingstone Mining Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$165.05 Mil. China Kingstone Mining Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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 Kingstone Mining Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01380' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.11
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of China Kingstone Mining Holdings was 0.11. The lowest was 0.00. And the median was 0.02.

HKSE:01380's Debt-to-Equity is ranked better than
52.72% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:01380: 0.11

China Kingstone Mining Holdings Debt-to-Equity Historical Data

The historical data trend for China Kingstone Mining Holdings'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.

China Kingstone Mining Holdings Debt-to-Equity Chart

China Kingstone Mining Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

0.03

0.10

0.11

China Kingstone Mining Holdings 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															0.03	0.06	0.10	0.09	0.11

Competitive Comparison of China Kingstone Mining Holdings's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, China Kingstone Mining Holdings'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 Kingstone Mining Holdings's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where China Kingstone Mining Holdings's Debt-to-Equity falls into.

China Kingstone Mining Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Kingstone Mining Holdings'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
	=	(17.3	+	0.455)	/	165.052
	=	0.11

China Kingstone Mining Holdings'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
	=	(17.3	+	0.455)	/	165.052
	=	0.11

China Kingstone Mining Holdings (HKSE:01380) 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 Kingstone Mining Holdings Debt-to-Equity Related Terms

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

China Kingstone Mining Holdings (HKSE:01380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Kingstone Mining Holdings Ltd (HKSE:01380) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhangjiaba Mine, Zhenjiang Village, Xiangshui County, Sichuan Province, Jiangyou, CHN, 510623

Website

http://www.kingstonemining.com

China Kingstone Mining Holdings Ltd is involved in the industrial metals and mining business sector. The company is engaged in the production of marble and produces various products like marble blocks, marble slabs, and marble slags. In terms of revenue, the marble slab product generates maximum revenue for the company. The group's revenue is majorly derived from the PRC.

China Kingstone Mining Holdings (HKSE:01380) Headlines

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