China Gold International Resources (TSX:CGG) Debt-to-Equity : 0.45 (As of Dec. 2023)

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What is China Gold International Resources Debt-to-Equity?

China Gold International Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$193.3 Mil. China Gold International Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$837.0 Mil. China Gold International Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2,289.9 Mil. China Gold International Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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

TSX:CGG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.81 Max: 0.87
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of China Gold International Resources was 0.87. The lowest was 0.44. And the median was 0.81.

TSX:CGG's Debt-to-Equity is ranked worse than
72.72% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:CGG: 0.45

China Gold International Resources Debt-to-Equity Historical Data

The historical data trend for China Gold International Resources'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.

China Gold International Resources Debt-to-Equity Chart

China Gold International Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.87

0.78

0.54

0.44

0.45

China Gold International Resources 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															0.46	0.42	0.42	0.45	N/A

Competitive Comparison of China Gold International Resources's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, China Gold International Resources'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.

China Gold International Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

China Gold International Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Gold International Resources'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
	=	(193.275	+	837.005)	/	2289.921
	=	0.45

China Gold International Resources'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
	=	(193.275	+	837.005)	/	2289.921
	=	0.45

China Gold International Resources (TSX:CGG) 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.

China Gold International Resources Debt-to-Equity Related Terms

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

China Gold International Resources (TSX:CGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Gold International Resources Corp Ltd (TSX:CGG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JINFF:USA 02099:Hong Kong JI3:Germany

Address

505 Burrard Street, Suite 660, One Bentall Centre, Vancouver, BC, CAN, V7X 1M4

Website

https://www.chinagoldintl.com

China Gold International Resources Corp Ltd is a company engaged in the acquisition, exploration, development, and mining of mineral reserves in China. The company primarily operates two mines in China: the CSH Mine which produces gold, and the Jiama Mine which produces gold and copper. While the majority of the company's revenue is derived from gold mining, a significant portion of sales still result from copper production. China National Gold Corporation, a state-owned company registered in Beijing, is a substantial shareholder of China Gold International Resources. The vast majority of the company's gold output is sold to China National Gold Corporation and its subsidiaries.

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