Henan Jinma Energy Company (HKSE:06885) Debt-to-Equity : 1.20 (As of Dec. 2023)

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What is Henan Jinma Energy Company Debt-to-Equity?

Henan Jinma Energy Company's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,774 Mil. Henan Jinma Energy Company's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,770 Mil. Henan Jinma Energy Company's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,785 Mil. Henan Jinma Energy Company's debt to equity for the quarter that ended in Dec. 2023 was 1.20.

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 Henan Jinma Energy Company's Debt-to-Equity or its related term are showing as below:

HKSE:06885' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.69 Max: 1.32
Current: 1.2

During the past 10 years, the highest Debt-to-Equity Ratio of Henan Jinma Energy Company was 1.32. The lowest was 0.35. And the median was 0.69.

HKSE:06885's Debt-to-Equity is ranked worse than
84.57% of 551 companies
in the Steel industry
Industry Median: 0.42 vs HKSE:06885: 1.20

Henan Jinma Energy Company Debt-to-Equity Historical Data

The historical data trend for Henan Jinma Energy 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.

Henan Jinma Energy Company Debt-to-Equity Chart

Henan Jinma Energy Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.40

0.35

0.56

0.92

1.20

Henan Jinma Energy Company Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												0.56	0.75	0.92	1.09	1.20

Competitive Comparison of Henan Jinma Energy Company's Debt-to-Equity

For the Coking Coal subindustry, Henan Jinma Energy 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.

Henan Jinma Energy Company's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Henan Jinma Energy Company's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Henan Jinma Energy Company's Debt-to-Equity falls into.

Henan Jinma Energy Company Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Henan Jinma Energy 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
	=	(2773.845	+	1770.435)	/	3784.95
	=	1.20

Henan Jinma Energy 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
	=	(2773.845	+	1770.435)	/	3784.95
	=	1.20

Henan Jinma Energy Company (HKSE:06885) 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.

Henan Jinma Energy Company Debt-to-Equity Related Terms

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

Henan Jinma Energy Company (HKSE:06885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Henan Jinma Energy Company Ltd (HKSE:06885) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

West First Ring Road South, Henan Province, Jiyuan, CHN, 459000

Website

https://www.hnjmny.com

Henan Jinma Energy Company Ltd operates as a coke producer and processor of coking by-products in the coking chemical industry in Henan province. It operates through the following business segments: Coke Segment is mainly engaged in the manufacture of Coke. The Refined Chemicals Segment is mainly engaged in the manufacture of benzene-based chemicals and coal-tar-based chemicals. Energy Products Segment is mainly engaged in the manufacture of coal gas. The Trading Segment is mainly engaged in the trading of coal and coal mining equipment. It generates maximum revenue from the Coke segment. Geographically, it derives revenue from the PRC.

Executives

Lam Yuk Wai	2202 Interest of your spouse
Yiu Chiu Fai	2101 Beneficial owner
Zheng Jing	2202 Interest of your spouse
Wang Li Jie	2201 Interest of corporation controlled by you
Ji Yuan Shi Jin Ma Xing Ye Tou Zi You Xian Gong Si	2101 Beneficial owner
Bei Jing Fang Da Guo Ji Shi Ye Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Fang Wei	2201 Interest of corporation controlled by you
Jiang Xi Fang Da Gang Tie Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Xi Ping Gang Shi Ye Gu Fen You Xian Gong Si	2101 Beneficial owner
Liao Ning Fang Da Ji Tuan Shi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Xing Hua Gong Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Ma Jiao Hua Ying Shu Wei Jing Qun Dao You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Ma Neng Yuan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Ma Gang Ji Tuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Ma An Shan Gang Tie Gu Fen You Xian Gong Si	2101 Beneficial owner

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