New Times Energy (HKSE:00166) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is New Times Energy Debt-to-Equity?

New Times Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$6 Mil. New Times Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$16 Mil. New Times Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,193 Mil. New Times Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 New Times Energy's Debt-to-Equity or its related term are showing as below:

HKSE:00166' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.2
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of New Times Energy was 0.20. The lowest was 0.02. And the median was 0.10.

HKSE:00166's Debt-to-Equity is ranked better than
82.92% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:00166: 0.02

New Times Energy Debt-to-Equity Historical Data

The historical data trend for New Times Energy'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.

New Times Energy Debt-to-Equity Chart

New Times Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.18

0.20

0.03

0.02

New Times Energy 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															0.03	0.03	0.02	0.02	0.02

Competitive Comparison of New Times Energy's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, New Times Energy'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.

New Times Energy's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where New Times Energy's Debt-to-Equity falls into.

New Times Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Times Energy'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
	=	(5.8	+	16.2)	/	1192.5
	=	0.02

New Times Energy'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
	=	(5.8	+	16.2)	/	1192.5
	=	0.02

New Times Energy (HKSE:00166) 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.

New Times Energy Debt-to-Equity Related Terms

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

New Times Energy (HKSE:00166) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Times Energy Corp Ltd (HKSE:00166) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-18 Queen’s Road Central, Room 1402, 14th Floor, New World Tower I, Hong Kong, HKG

Website

https://www.nt-energy.com

New Times Energy Corp Ltd is an investment holding company. The company's operating segment includes Upstream, which is engaged in the exploration, development, production, and sale of crude oil; and the General and commodities trading segment includes trading of non-ferrous metals, gold, and petroleum-related products. The Company operates its business through two segments. The General and Commodities Refinery and Trading segment and The Upstream segment. It generates maximum revenue from the Commodities trading segment. The company's geographical segments are Hong Kong, Mainland China, Argentina, Singapore, and the United Arab Emirates, of which Hong Kong accounts for the majority of its revenue.

Executives

Elberta Holdings Limited	2101 Beneficial owner
Cheng Yu Tung Family (holdings Ii) Limited	2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Nominee Limited	2201 Interest of corporation controlled by you
Max Sun Enterprises Limited	2101 Beneficial owner

New Times Energy (HKSE:00166) Headlines

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