Boliden AB (Boliden AB) Debt-to-Equity : 0.27 (As of Mar. 2024)

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What is Boliden AB Debt-to-Equity?

Boliden AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $387 Mil. Boliden AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,104 Mil. Boliden AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $5,614 Mil. Boliden AB's debt to equity for the quarter that ended in Mar. 2024 was 0.27.

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 Boliden AB's Debt-to-Equity or its related term are showing as below:

BDNNY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.19 Max: 0.44
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Boliden AB was 0.44. The lowest was 0.09. And the median was 0.19.

BDNNY's Debt-to-Equity is ranked worse than
63.56% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs BDNNY: 0.27

Boliden AB Debt-to-Equity Historical Data

The historical data trend for Boliden AB'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.

Boliden AB Debt-to-Equity Chart

Boliden AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.12

0.19

0.26

Boliden AB 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															0.21	0.25	0.28	0.26	0.27

Competitive Comparison of Boliden AB's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Boliden AB'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.

Boliden AB's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Boliden AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Boliden AB'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
	=	(293.636	+	1127.944)	/	5498.752
	=	0.26

Boliden AB'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
	=	(386.983	+	1103.513)	/	5614.188
	=	0.27

Boliden AB (OTCPK:BDNNY) 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.

Boliden AB Debt-to-Equity Related Terms

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Boliden AB (Boliden AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Boliden AB (OTCPK:BDNNY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BLIDF:USA BOL:Sweden BOLs:UK 0YAL:UK BWJ:Germany

Address

Klarabergsviadukten 90, P.O. Box 44, Stockholm, SWE, SE-101 20

Website

https://www.boliden.com

Boliden AB operates six mining areas and five smelters in Sweden, Norway, Finland, and Ireland. The company primarily processes zinc, copper, gold, lead, and silver and is engaged in exploration, mining, smelting, and metals recycling. The company has two operating segments: business area smelters and business area mines. The business area mines division comprises six mining areas: Aitik, the Boliden Area, and Garpenberg in Sweden; Kylylahti and Kevitsa in Finland; and the Tara mine in Ireland. It includes both underground mines and open-pit mines.