CNNC International (HKSE:02302) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is CNNC International Debt-to-Equity?

CNNC International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.4 Mil. CNNC International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$185.3 Mil. CNNC International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$460.3 Mil. CNNC International's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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 CNNC International's Debt-to-Equity or its related term are showing as below:

HKSE:02302' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.69 Max: 1.61
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of CNNC International was 1.61. The lowest was 0.41. And the median was 0.69.

HKSE:02302's Debt-to-Equity is ranked worse than
67.72% of 127 companies
in the Other Energy Sources industry
Industry Median: 0.21 vs HKSE:02302: 0.41

CNNC International Debt-to-Equity Historical Data

The historical data trend for CNNC International'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.

CNNC International Debt-to-Equity Chart

CNNC International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.61

0.91

0.69

0.56

0.41

CNNC International 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															0.69	0.67	0.56	0.58	0.41

Competitive Comparison of CNNC International's Debt-to-Equity

For the Uranium subindustry, CNNC International'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.

CNNC International's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, CNNC International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CNNC International's Debt-to-Equity falls into.

CNNC International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CNNC International'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
	=	(1.362	+	185.271)	/	460.287
	=	0.41

CNNC International'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
	=	(1.362	+	185.271)	/	460.287
	=	0.41

CNNC International (HKSE:02302) 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.

CNNC International Debt-to-Equity Related Terms

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CNNC International (HKSE:02302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » CNNC International Ltd (HKSE:02302) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

U7MA:Germany

Address

No. 118 Connaught Road West, Unit 3009, 30th Floor, Hong Kong, HKG

Website

http://www.cnncintl.com

CNNC International Ltd is a Hong Kong-based investment holding company principally engaged in the trading of natural uranium. The Company operates its business through two segments. The Trading of Mineral Property segment is principally engaged in the trading of uranium products. The Exploration and Selling of Mineral Property segment is principally engaged in the exploration and trading of uranium mineral properties. The company's main suppliers come from countries and regions such as the United States, Europe, Kazakhstan and Hong Kong.

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