Xizang Zhufeng Resources Co (SHSE:600338) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Xizang Zhufeng Resources Co Debt-to-Equity?

Xizang Zhufeng Resources Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥291 Mil. Xizang Zhufeng Resources Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9 Mil. Xizang Zhufeng Resources Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,209 Mil. Xizang Zhufeng Resources Co's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 Xizang Zhufeng Resources Co's Debt-to-Equity or its related term are showing as below:

SHSE:600338' s Debt-to-Equity Range Over the Past 10 Years
Min: -83.37 Med: 0.2 Max: 16.04
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Xizang Zhufeng Resources Co was 16.04. The lowest was -83.37. And the median was 0.20.

SHSE:600338's Debt-to-Equity is ranked better than
56.8% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SHSE:600338: 0.09

Xizang Zhufeng Resources Co Debt-to-Equity Historical Data

The historical data trend for Xizang Zhufeng Resources Co'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.

Xizang Zhufeng Resources Co Debt-to-Equity Chart

Xizang Zhufeng Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.25

0.29

0.13

0.08

0.10

Xizang Zhufeng Resources Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.08	0.09	0.10	0.09

Competitive Comparison of Xizang Zhufeng Resources Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Xizang Zhufeng Resources Co'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.

Xizang Zhufeng Resources Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xizang Zhufeng Resources Co's Debt-to-Equity distribution charts can be found below:

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

Xizang Zhufeng Resources Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xizang Zhufeng Resources Co'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
	=	(301.581	+	9.395)	/	3184.341
	=	0.10

Xizang Zhufeng Resources Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(290.959	+	9.417)	/	3208.741
	=	0.09

Xizang Zhufeng Resources Co (SHSE:600338) 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.

Xizang Zhufeng Resources Co Debt-to-Equity Related Terms

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Xizang Zhufeng Resources Co (SHSE:600338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xizang Zhufeng Resources Co Ltd (SHSE:600338) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 65, Beijing Middle Road, Tibet Autonomous Region, Lhasa, CHN, 200072

Website

http://www.xizangzhufeng.com

Tibet Summit Resources Co Ltd is a China-based company engaged in the mineral resources exploration, mining, ore processing, metal smelting, mineral products trading, and mineral resources. It is also involved in the resources and related industries investment operations and other services. The company is engaged in the activities of smelting, production, and sale of zinc, indium and other nonferrous metals. It also recycles and sells non-ferrous metal products.

Executives

Meng Xian Dang	senior management
Huang Ya Ting	senior management
Liang Ming	Director
Cao Yu Gang	senior management
Chen Xun Qiao	Director

Xizang Zhufeng Resources Co (SHSE:600338) Headlines

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