Tongling Nonferrous Metals Group Co (SZSE:000630) Debt-to-Equity : 0.75 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Tongling Nonferrous Metals Group Co Debt-to-Equity?

Tongling Nonferrous Metals Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12,698 Mil. Tongling Nonferrous Metals Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥12,000 Mil. Tongling Nonferrous Metals Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥32,986 Mil. Tongling Nonferrous Metals Group Co's debt to equity for the quarter that ended in Mar. 2024 was 0.75.

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 Tongling Nonferrous Metals Group Co's Debt-to-Equity or its related term are showing as below:

SZSE:000630' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.99 Max: 2.27
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Tongling Nonferrous Metals Group Co was 2.27. The lowest was 0.37. And the median was 0.99.

SZSE:000630's Debt-to-Equity is ranked worse than
82.96% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SZSE:000630: 0.75

Tongling Nonferrous Metals Group Co Debt-to-Equity Historical Data

The historical data trend for Tongling Nonferrous Metals Group 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.

Tongling Nonferrous Metals Group Co Debt-to-Equity Chart

Tongling Nonferrous Metals Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.88

0.90

0.65

0.76

Tongling Nonferrous Metals Group 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															0.79	0.79	0.75	0.76	0.75

Competitive Comparison of Tongling Nonferrous Metals Group Co's Debt-to-Equity

For the Copper subindustry, Tongling Nonferrous Metals Group 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.

Tongling Nonferrous Metals Group Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tongling Nonferrous Metals Group Co's Debt-to-Equity falls into.

Tongling Nonferrous Metals Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tongling Nonferrous Metals Group 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
	=	(12156.1	+	12106.971)	/	31817.392
	=	0.76

Tongling Nonferrous Metals Group 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
	=	(12698.157	+	12000.305)	/	32986.056
	=	0.75

Tongling Nonferrous Metals Group Co (SZSE:000630) 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.

Tongling Nonferrous Metals Group Co Debt-to-Equity Related Terms

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

Tongling Nonferrous Metals Group Co (SZSE:000630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongling Nonferrous Metals Group Co Ltd (SZSE:000630) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Changjiang West Road, West Building, Nonferrous Courtyard, Anhui Province, Tongling, CHN, 244000

Website

http://www.tlys.cn

Tongling Nonferrous Metals Group Co Ltd is engaged in the business of copper exploration, mining, smelting and deep processing. Its product include cathode copper, gold, silver, and copper, Wire, copper strip and copper foil. The company operates in more than 30 countries. Its products are used in electric power, construction, automotive, home appliances, electronics, and defense.

Tongling Nonferrous Metals Group Co (SZSE:000630) Headlines

No Headlines