Denarius Metals (Denarius Metals) Debt-to-Equity : 0.63 (As of Dec. 2023)

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What is Denarius Metals Debt-to-Equity?

Denarius Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $22.90 Mil. Denarius Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.12 Mil. Denarius Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $36.37 Mil. Denarius Metals's debt to equity for the quarter that ended in Dec. 2023 was 0.63.

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

DNRSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.63
Current: 0.63

During the past 3 years, the highest Debt-to-Equity Ratio of Denarius Metals was 0.63. The lowest was 0.00. And the median was 0.01.

DNRSF's Debt-to-Equity is ranked worse than
79.3% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs DNRSF: 0.63

Denarius Metals Debt-to-Equity Historical Data

The historical data trend for Denarius 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.

Denarius Metals Debt-to-Equity Chart

Denarius Metals Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.63

Denarius Metals Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.01	0.01	0.01	0.01	0.63

Competitive Comparison of Denarius Metals's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Denarius 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.

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

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

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

Denarius Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Denarius Metals'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
	=	(22.903	+	0.12)	/	36.366
	=	0.63

Denarius Metals'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
	=	(22.903	+	0.12)	/	36.366
	=	0.63

Denarius Metals (OTCPK:DNRSF) 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.

Denarius Metals Debt-to-Equity Related Terms

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Denarius Metals (Denarius Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Denarius Metals Corp (OTCPK:DNRSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

T7C:Germany DSLV:Canada

Address

401 Bay Street, Suite 2400, PO Box 15, Toronto, ON, CAN, M5H 2Y4

Website

https://www.denariusmetals.com

Denarius Metals Corp is engaged in the acquisition, exploration, development, and eventual operation of mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain and the Guia Antigua Project in Colombia. The company's reportable segments and geographical location includes Colombia, Spain, and Corporate.