Rare Earth Magnesium Technology Group Holdings (STU:GPS) Debt-to-Equity : 1.11 (As of Dec. 2023)

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What is Rare Earth Magnesium Technology Group Holdings Debt-to-Equity?

Rare Earth Magnesium Technology Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €13.06 Mil. Rare Earth Magnesium Technology Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €67.02 Mil. Rare Earth Magnesium Technology Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €71.97 Mil. Rare Earth Magnesium Technology Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.11.

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 Rare Earth Magnesium Technology Group Holdings's Debt-to-Equity or its related term are showing as below:

STU:GPS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.59 Max: 1.11
Current: 1.11

During the past 13 years, the highest Debt-to-Equity Ratio of Rare Earth Magnesium Technology Group Holdings was 1.11. The lowest was 0.10. And the median was 0.59.

STU:GPS's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs STU:GPS: 1.11

Rare Earth Magnesium Technology Group Holdings Debt-to-Equity Historical Data

The historical data trend for Rare Earth Magnesium Technology Group 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.

Rare Earth Magnesium Technology Group Holdings Debt-to-Equity Chart

Rare Earth Magnesium Technology Group Holdings Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.63

0.60

0.74

0.58

1.11

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	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															0.74	0.84	0.58	0.73	1.11

Competitive Comparison of Rare Earth Magnesium Technology Group Holdings's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Rare Earth Magnesium Technology Group 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.

Rare Earth Magnesium Technology Group Holdings's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rare Earth Magnesium Technology Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Rare Earth Magnesium Technology Group Holdings's Debt-to-Equity falls into.

Rare Earth Magnesium Technology Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rare Earth Magnesium Technology Group 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
	=	(13.06	+	67.02)	/	71.972
	=	1.11

Rare Earth Magnesium Technology Group 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
	=	(13.06	+	67.02)	/	71.972
	=	1.11

Rare Earth Magnesium Technology Group Holdings (STU:GPS) 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.

Rare Earth Magnesium Technology Group Holdings Debt-to-Equity Related Terms

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Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rare Earth Magnesium Technology Group Holdings Ltd (STU:GPS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

00601:Hong Kong

Address

The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG

Website

http://www.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.