Zhaojin Mining Industry Co (Zhaojin Mining Industry Co) Debt-to-Equity : 0.94 (As of Dec. 2023)

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What is Zhaojin Mining Industry Co Debt-to-Equity?

Zhaojin Mining Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,096 Mil. Zhaojin Mining Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,395 Mil. Zhaojin Mining Industry Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,642 Mil. Zhaojin Mining Industry Co's debt to equity for the quarter that ended in Dec. 2023 was 0.94.

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 Zhaojin Mining Industry Co's Debt-to-Equity or its related term are showing as below:

ZHAOY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.94 Med: 1.12 Max: 1.33
Current: 0.94

During the past 13 years, the highest Debt-to-Equity Ratio of Zhaojin Mining Industry Co was 1.33. The lowest was 0.94. And the median was 1.12.

ZHAOY's Debt-to-Equity is ranked worse than
86.38% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ZHAOY: 0.94

Zhaojin Mining Industry Co Debt-to-Equity Historical Data

The historical data trend for Zhaojin Mining Industry 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.

Zhaojin Mining Industry Co Debt-to-Equity Chart

Zhaojin Mining Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.33

1.29

1.04

1.13

0.94

Zhaojin Mining Industry Co 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															1.04	1.29	1.13	1.27	0.94

Competitive Comparison of Zhaojin Mining Industry Co's Debt-to-Equity

For the Gold subindustry, Zhaojin Mining Industry 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.

Zhaojin Mining Industry Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Zhaojin Mining Industry Co's Debt-to-Equity falls into.

Zhaojin Mining Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zhaojin Mining Industry 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
	=	(1096.371	+	1394.718)	/	2641.657
	=	0.94

Zhaojin Mining Industry Co'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
	=	(1096.371	+	1394.718)	/	2641.657
	=	0.94

Zhaojin Mining Industry Co (OTCPK:ZHAOY) 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.

Zhaojin Mining Industry Co Debt-to-Equity Related Terms

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Zhaojin Mining Industry Co (Zhaojin Mining Industry Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhaojin Mining Industry Co Ltd (OTCPK:ZHAOY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ZHAOF:USA 01818:Hong Kong ZVL:Germany ZVL:Germany

Address

1 Matheson Street, Times Square, 31st Floor, Tower Two, Causeway Bay, Hong Kong, HKG

Website

https://www.zhaojin.com.cn

Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The exploration, mining, ore processing, smelting, and sale of gold and other metallic products, is a large integrated mining enterprise specializing in the production of gold. It produces two kinds of gold products, Au9999 and Au9995 gold bullions under the brand Zhaojin. It has three reportable operating segments, the gold operations segment consists of gold mining and smelting operations; the copper operations segment consists of copper mining and smelting operations; the others segment comprises other investment activities, operation of a finance company, operation and catering services of a hotel, exploration services and engineering design and consulting services.

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