Wesizwe Platinum (JSE:WEZ) Debt-to-Equity : 5.00 (As of Dec. 2023)

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What is Wesizwe Platinum Debt-to-Equity?

Wesizwe Platinum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R4,869.86 Mil. Wesizwe Platinum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R14,784.93 Mil. Wesizwe Platinum's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R3,933.18 Mil. Wesizwe Platinum's debt to equity for the quarter that ended in Dec. 2023 was 5.00.

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 Wesizwe Platinum's Debt-to-Equity or its related term are showing as below:

JSE:WEZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 2.51 Max: 5
Current: 5

During the past 13 years, the highest Debt-to-Equity Ratio of Wesizwe Platinum was 5.00. The lowest was 0.68. And the median was 2.51.

JSE:WEZ's Debt-to-Equity is ranked worse than
98.62% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs JSE:WEZ: 5.00

Wesizwe Platinum Debt-to-Equity Historical Data

The historical data trend for Wesizwe Platinum'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.

Wesizwe Platinum Debt-to-Equity Chart

Wesizwe Platinum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.91

3.23

3.93

4.80

5.00

Wesizwe Platinum Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															3.93	4.63	4.80	7.76	5.00

Competitive Comparison of Wesizwe Platinum's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Wesizwe Platinum'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.

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

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

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

Wesizwe Platinum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wesizwe Platinum'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
	=	(4869.86	+	14784.932)	/	3933.177
	=	5.00

Wesizwe Platinum'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
	=	(4869.86	+	14784.932)	/	3933.177
	=	5.00

Wesizwe Platinum (JSE:WEZ) 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.

Wesizwe Platinum Debt-to-Equity Related Terms

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

Wesizwe Platinum (JSE:WEZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wesizwe Platinum Ltd (JSE:WEZ) » Definitions » Debt-to-Equity

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WSZWF:USA

Address

9 Autumn Road, Wesizwe House, Devcon Park, Rivonia Extension 3, Johannesburg, ZAF, 2128

Website

https://www.wesizwe.co.za

Wesizwe Platinum Ltd is an African company. It's engaged in mining exploration and infrastructure development. The primary focus of the company is the exploration of Platinum group metals and strategic metals from its Bakubung platinum mine project located in Africa. The company does not generate cash flows from operations to fund its activities and therefore relies upon the issuance of securities for financing. The company has not determined yet whether its properties contain mineral reserves that are economically recoverable.

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