Henan Mingtai Al Industrial Co (SHSE:601677) Debt-to-Equity : 0.02 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Henan Mingtai Al Industrial Co Debt-to-Equity?

Henan Mingtai Al Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥332 Mil. Henan Mingtai Al Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Henan Mingtai Al Industrial Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥16,287 Mil. Henan Mingtai Al Industrial Co's debt to equity for the quarter that ended in Mar. 2024 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 Henan Mingtai Al Industrial Co's Debt-to-Equity or its related term are showing as below:

SHSE:601677' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.27
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Henan Mingtai Al Industrial Co was 0.27. The lowest was 0.01. And the median was 0.11.

SHSE:601677's Debt-to-Equity is ranked better than
83.03% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SHSE:601677: 0.02

Henan Mingtai Al Industrial Co Debt-to-Equity Historical Data

The historical data trend for Henan Mingtai Al Industrial 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.

Henan Mingtai Al Industrial Co Debt-to-Equity Chart

Henan Mingtai Al Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.27

0.14

0.13

0.11

0.03

Henan Mingtai Al Industrial Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.10	0.08	0.03	0.02

Competitive Comparison of Henan Mingtai Al Industrial Co's Debt-to-Equity

For the Aluminum subindustry, Henan Mingtai Al Industrial 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.

Henan Mingtai Al Industrial Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Henan Mingtai Al Industrial Co's Debt-to-Equity falls into.

Henan Mingtai Al Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Henan Mingtai Al Industrial 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
	=	(450.877	+	0)	/	15644.599
	=	0.03

Henan Mingtai Al Industrial Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(332.33	+	0)	/	16287.299
	=	0.02

Henan Mingtai Al Industrial Co (SHSE:601677) 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.

Henan Mingtai Al Industrial Co Debt-to-Equity Related Terms

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

Henan Mingtai Al Industrial Co (SHSE:601677) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Henan Mingtai Al Industrial Co Ltd (SHSE:601677) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Huiguo Town Development Zone, Henan Province, Gongyi, CHN, 451283

Website

http://hnmtybk.cnal.com/profile.shtml

Henan Mingtai Al Industrial Co Ltd is a China based aluminum processing enterprise. It is involved in the producing and selling aluminum products. The products offered by the company include CTP plate stock, PS plate stock, aluminum electrode capacitor foil, foil stock, deep-draw stock, brazing sheet, alloy sheet and plate, and others. The products are used in different industries such as automobile making, traffic and transportation, packaging and containers, buildings and decorations, electrical and electronic, printing, among others. The company has the business presence in China and other international countries.

Henan Mingtai Al Industrial Co (SHSE:601677) Headlines

No Headlines