Ningbo Jintian Copper Group Co (SHSE:601609) Debt-to-Equity : 1.66 (As of Mar. 2024)

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What is Ningbo Jintian Copper Group Co Debt-to-Equity?

Ningbo Jintian Copper Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5,926 Mil. Ningbo Jintian Copper Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥7,965 Mil. Ningbo Jintian Copper Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,362 Mil. Ningbo Jintian Copper Group Co's debt to equity for the quarter that ended in Mar. 2024 was 1.66.

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 Ningbo Jintian Copper Group Co's Debt-to-Equity or its related term are showing as below:

SHSE:601609' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.64 Max: 1.15
Current: 1.15

During the past 11 years, the highest Debt-to-Equity Ratio of Ningbo Jintian Copper Group Co was 1.15. The lowest was 0.45. And the median was 0.64.

SHSE:601609's Debt-to-Equity is ranked worse than
89.09% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SHSE:601609: 1.15

Ningbo Jintian Copper Group Co Debt-to-Equity Historical Data

The historical data trend for Ningbo Jintian Copper Group 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.

Ningbo Jintian Copper Group Co Debt-to-Equity Chart

Ningbo Jintian Copper Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

0.45

0.89

0.86

1.15

Ningbo Jintian Copper Group 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															1.41	1.36	1.45	1.15	1.66

Competitive Comparison of Ningbo Jintian Copper Group Co's Debt-to-Equity

For the Copper subindustry, Ningbo Jintian Copper Group 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.

Ningbo Jintian Copper Group Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Jintian Copper Group Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ningbo Jintian Copper Group Co's Debt-to-Equity falls into.

Ningbo Jintian Copper Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ningbo Jintian Copper Group 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
	=	(4039.488	+	5456.818)	/	8255.946
	=	1.15

Ningbo Jintian Copper Group 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
	=	(5925.672	+	7965.37)	/	8362.071
	=	1.66

Ningbo Jintian Copper Group Co (SHSE:601609) 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.

Ningbo Jintian Copper Group Co Debt-to-Equity Related Terms

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Ningbo Jintian Copper Group Co (SHSE:601609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningbo Jintian Copper Group Co Ltd (SHSE:601609) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.1 West West Road, Cicheng Town, Zhejiang Province, Ningbo, CHN, 315034

Website

http://www.jtgroup.com.cn

Ningbo Jintian Copper Group Co Ltd is engaged in production and sales of recycled copper smelting, copper product processing, deep processing and sintered NdFeB permanent magnet materials. Its activity includes nonferrous and ferrous metal rolling, processing; manufacturing and processing of grinding wheels, wires, motors, hardware, valves, electronic components, fasteners; enameled wire, electrolytic copper, copper rods, plates, tapes, wires, tubes, magnetic materials, stainless steel products.

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