Global Ferronickel Holdings (PHS:FNI) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is Global Ferronickel Holdings Debt-to-Equity?

Global Ferronickel Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱792 Mil. Global Ferronickel Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱1,738 Mil. Global Ferronickel Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₱12,156 Mil. Global Ferronickel Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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 Global Ferronickel Holdings's Debt-to-Equity or its related term are showing as below:

PHS:FNI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.14 Max: 0.83
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Global Ferronickel Holdings was 0.83. The lowest was 0.06. And the median was 0.14.

PHS:FNI's Debt-to-Equity is ranked worse than
58.23% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs PHS:FNI: 0.21

Global Ferronickel Holdings Debt-to-Equity Historical Data

The historical data trend for Global Ferronickel Holdings'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.

Global Ferronickel Holdings Debt-to-Equity Chart

Global Ferronickel Holdings Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.06

0.17

0.38

0.26

Global Ferronickel Holdings 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															0.31	0.32	0.29	0.26	0.21

Competitive Comparison of Global Ferronickel Holdings's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Global Ferronickel Holdings'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.

Global Ferronickel Holdings's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Global Ferronickel Holdings's Debt-to-Equity falls into.

Global Ferronickel Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Ferronickel Holdings'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
	=	(861.133	+	2314.213)	/	12126.656
	=	0.26

Global Ferronickel Holdings'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
	=	(792.003	+	1737.63)	/	12155.665
	=	0.21

Global Ferronickel Holdings (PHS:FNI) 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.

Global Ferronickel Holdings Debt-to-Equity Related Terms

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Global Ferronickel Holdings (PHS:FNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Ferronickel Holdings Inc (PHS:FNI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asean Avenue corner Fuentes Street, Penthouse, Platinum Tower, Metro Manila, Paranaque, PHL, 1701

Website

https://www.gfni.com.ph

Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing and Services. The company generates maximum revenue from the Mining segment. Mining segment, which is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.