Lingbao Gold Group Company (HKSE:03330) Debt-to-Equity : 1.08 (As of Dec. 2023)

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What is Lingbao Gold Group Company Debt-to-Equity?

Lingbao Gold Group Company's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,986 Mil. Lingbao Gold Group Company's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$156 Mil. Lingbao Gold Group Company's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,912 Mil. Lingbao Gold Group Company's debt to equity for the quarter that ended in Dec. 2023 was 1.08.

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 Lingbao Gold Group Company's Debt-to-Equity or its related term are showing as below:

HKSE:03330' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.08 Med: 2.16 Max: 4.56
Current: 1.08

During the past 13 years, the highest Debt-to-Equity Ratio of Lingbao Gold Group Company was 4.56. The lowest was 1.08. And the median was 2.16.

HKSE:03330's Debt-to-Equity is ranked worse than
87.57% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:03330: 1.08

Lingbao Gold Group Company Debt-to-Equity Historical Data

The historical data trend for Lingbao Gold Group Company'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.

Lingbao Gold Group Company Debt-to-Equity Chart

Lingbao Gold Group Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.08

2.11

1.86

1.76

1.08

Lingbao Gold Group Company 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															1.86	2.04	1.76	1.71	1.08

Competitive Comparison of Lingbao Gold Group Company's Debt-to-Equity

For the Gold subindustry, Lingbao Gold Group Company'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.

Lingbao Gold Group Company's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lingbao Gold Group Company's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lingbao Gold Group Company's Debt-to-Equity falls into.

Lingbao Gold Group Company Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lingbao Gold Group Company'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
	=	(2986.359	+	156.317)	/	2911.805
	=	1.08

Lingbao Gold Group Company'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
	=	(2986.359	+	156.317)	/	2911.805
	=	1.08

Lingbao Gold Group Company (HKSE:03330) 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.

Lingbao Gold Group Company Debt-to-Equity Related Terms

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

Lingbao Gold Group Company (HKSE:03330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lingbao Gold Group Company Ltd (HKSE:03330) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LI9:Germany

Address

77 Leighton Road, Room 1104, 11th Floor, Leighton Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.lbgold.com

Lingbao Gold Group Company Ltd is engaged in mining, processing, smelting, and selling of gold and other metallic products in the People's Republic of China (PRC). The company operates in four segments: Mining in PRC, Mining in KR (Kyrgyz Republic), Smelting and Retailing. The vast majority of its revenue comes from the smelting segment, which includes gold and other metal smelting and refinery operations in PRC. The company generates revenue from selling Gold bullion, Silver, Copper products, Sulphuric acid, and Gold concentrates.

Executives

Wang Guan Ran	2201 Interest of corporation controlled by you
Da Ren Shi Ye Fa Zhan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Shen Zhen Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si Qian Cheng Bei Jing Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Jie Si Ding Xin Kong Gu You Xian Gong Si Qian Cheng Shen Zhen Da Ren Shi Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Da Ren Shi Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Da Ren Tou Zi Guan Li Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si Qian Cheng Bei Jing Jie Si Wei Ye Kong Gu Gu	2106 Person having a security interest in shares
Bei Jing Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Jie Si Wei Ye Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you

Lingbao Gold Group Company (HKSE:03330) Headlines

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