Tianqi Lithium (HKSE:09696) Debt-to-Equity : 0.22 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Tianqi Lithium Debt-to-Equity?

Tianqi Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,192 Mil. Tianqi Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$11,667 Mil. Tianqi Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$58,199 Mil. Tianqi Lithium's debt to equity for the quarter that ended in Dec. 2023 was 0.22.

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 Tianqi Lithium's Debt-to-Equity or its related term are showing as below:

HKSE:09696' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 1.52 Max: 5.85
Current: 0.22

During the past 5 years, the highest Debt-to-Equity Ratio of Tianqi Lithium was 5.85. The lowest was 0.17. And the median was 1.52.

HKSE:09696's Debt-to-Equity is ranked worse than
58.9% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HKSE:09696: 0.22

Tianqi Lithium Debt-to-Equity Historical Data

The historical data trend for Tianqi Lithium'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.

Tianqi Lithium Debt-to-Equity Chart

Tianqi Lithium Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

4.90

5.85

1.52

0.17

0.22

Tianqi Lithium Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.17	0.20	0.20	0.22	N/A

Competitive Comparison of Tianqi Lithium's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Tianqi Lithium'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.

Tianqi Lithium's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Tianqi Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tianqi Lithium'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
	=	(1192.359	+	11667.184)	/	58198.745
	=	0.22

Tianqi Lithium'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
	=	(1192.359	+	11667.184)	/	58198.745
	=	0.22

Tianqi Lithium (HKSE:09696) 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.

Tianqi Lithium Debt-to-Equity Related Terms

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

Tianqi Lithium (HKSE:09696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tianqi Lithium Corp (HKSE:09696) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2220:Germany

Address

No. 10 East Gaopeng Road, Building 1, Hi-Tech Zone, Sichuan, Chengdu, CHN

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium (HKSE:09696) Headlines

No Headlines