Jinchuan Group International Resources Co (HKSE:02362) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is Jinchuan Group International Resources Co Debt-to-Equity?

Jinchuan Group International Resources Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$556 Mil. Jinchuan Group International Resources Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,634 Mil. Jinchuan Group International Resources Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$7,696 Mil. Jinchuan Group International Resources Co's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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 Jinchuan Group International Resources Co's Debt-to-Equity or its related term are showing as below:

HKSE:02362' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.31 Max: 0.56
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Jinchuan Group International Resources Co was 0.56. The lowest was 0.19. And the median was 0.31.

HKSE:02362's Debt-to-Equity is ranked worse than
63.95% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:02362: 0.28

Jinchuan Group International Resources Co Debt-to-Equity Historical Data

The historical data trend for Jinchuan Group International Resources 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.

Jinchuan Group International Resources Co Debt-to-Equity Chart

Jinchuan Group International Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.43

0.24

0.25

0.20

0.28

Jinchuan Group International Resources 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															0.25	0.31	0.20	0.27	0.28

Competitive Comparison of Jinchuan Group International Resources Co's Debt-to-Equity

For the Copper subindustry, Jinchuan Group International Resources 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.

Jinchuan Group International Resources Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Jinchuan Group International Resources Co's Debt-to-Equity falls into.

Jinchuan Group International Resources Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jinchuan Group International Resources 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
	=	(555.519	+	1633.615)	/	7696.222
	=	0.28

Jinchuan Group International Resources 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
	=	(555.519	+	1633.615)	/	7696.222
	=	0.28

Jinchuan Group International Resources Co (HKSE:02362) 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.

Jinchuan Group International Resources Co Debt-to-Equity Related Terms

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Jinchuan Group International Resources Co (HKSE:02362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jinchuan Group International Resources Co Ltd (HKSE:02362) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JGRRF:USA GDZD:Germany

Address

95 Queensway, Unit 3101, 31st Floor, United Centre, Hong Kong, HKG

Website

http://www.jinchuan-intl.com

Jinchuan Group International Resources Co Ltd, through its subsidiaries, is engaged in mining operations including the production of copper and cobalt. The group's mining operations include two operating mines (Ruashi Mine and Kinsenda Mine), one project at the development stage (Musonoi Project), one exploration project (Lubembe Project), and one mine leased out under a finance lease agreement (Chibuluma South Mine (including Chifupu Deposit)). Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Jin Chuan Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Gan Su Sheng Xin Ye Zi Chan Jing Ying You Xian Ze Ren Gong Si	2101 Beneficial owner
Gan Su Sheng Jing Ji He Zuo Zong Gong Si	2101 Beneficial owner

Jinchuan Group International Resources Co (HKSE:02362) Headlines

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