A-Mark Precious Metals (A-Mark Precious Metals) Debt-to-Equity : 1.39 (As of Mar. 2024)

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What is A-Mark Precious Metals Debt-to-Equity?

A-Mark Precious Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $510 Mil. A-Mark Precious Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $301 Mil. A-Mark Precious Metals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $583 Mil. A-Mark Precious Metals's debt to equity for the quarter that ended in Mar. 2024 was 1.39.

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 A-Mark Precious Metals's Debt-to-Equity or its related term are showing as below:

AMRK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 3.66 Max: 6.58
Current: 1.39

During the past 13 years, the highest Debt-to-Equity Ratio of A-Mark Precious Metals was 6.58. The lowest was 0.66. And the median was 3.66.

AMRK's Debt-to-Equity is ranked worse than
81.62% of 604 companies
in the Capital Markets industry
Industry Median: 0.35 vs AMRK: 1.39

A-Mark Precious Metals Debt-to-Equity Historical Data

The historical data trend for A-Mark Precious Metals'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.

A-Mark Precious Metals Debt-to-Equity Chart

A-Mark Precious Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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5.07

3.03

1.34

1.22

1.12

A-Mark Precious Metals 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															1.11	1.12	1.30	1.41	1.39

Competitive Comparison of A-Mark Precious Metals's Debt-to-Equity

For the Capital Markets subindustry, A-Mark Precious Metals'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.

A-Mark Precious Metals's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, A-Mark Precious Metals's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where A-Mark Precious Metals's Debt-to-Equity falls into.

A-Mark Precious Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

A-Mark Precious Metals's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(666.139	+	4.44)	/	599.123
	=	1.12

A-Mark Precious Metals'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
	=	(510.237	+	300.961)	/	583.166
	=	1.39

A-Mark Precious Metals (NAS:AMRK) 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.

A-Mark Precious Metals Debt-to-Equity Related Terms

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

A-Mark Precious Metals (A-Mark Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » A-Mark Precious Metals Inc (NAS:AMRK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AND:Germany

Address

2121 Rosecrans Avenue, Suite 6300, El Segundo, CA, USA, 90245

Website

https://www.amark.com

A-Mark Precious Metals Inc is a precious metal trading company. It is principally engaged in the wholesale of gold, silver, platinum and palladium bullion and related products in the form of bars, wafers, coins, and grains. The company's operating segment includes Wholesale Trading and Ancillary Services; Secured Lending and Direct Sales. It generates maximum revenue from the Wholesale Trading and Ancillary Services segment. The Wholesale Trading and Ancillary Services segment comprises business units such as Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and Mint. Geographically, it derives a majority of its revenue from the United States.

Executives

Michael R. Wittmeyer	director	2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Brian Aquilino	officer: Chief Operating Officer	2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Beverley Lepine	director	429 SANTA MONICA BLVD., SUITE 230, SANTA MONICA CA 90401
Carol Meltzer	officer: EVP, Gen. Counsel & Secretary	775 PASSAIC AVE, WEST CALDWELL NJ 07006
Gregory N Roberts	director, 10 percent owner, officer: Chief Executive Officer	2625 ST ANDREWS, TUSTIN CA 92660
Thor Gjerdrum	officer: President	5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Jeffrey D Benjamin	director, 10 percent owner	9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019
Jess M Ravich	director	11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025
Kendall Saville	director	2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Moorhead John	director	5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
William A Richardson	10 percent owner	2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
Kathleen Taylor-simpson	officer: Chief Financial Officer	2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
A-mark Precious Metals, Inc.	director	2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Monique Sanchez	director	2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Ellis Landau	director	CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148