Philex Mining (PHS:PX) Debt-to-Equity : 0.31 (As of Mar. 2024)

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What is Philex Mining Debt-to-Equity?

Philex Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱2,587 Mil. Philex Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱7,339 Mil. Philex Mining's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₱31,682 Mil. Philex Mining's debt to equity for the quarter that ended in Mar. 2024 was 0.31.

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 Philex Mining's Debt-to-Equity or its related term are showing as below:

PHS:PX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.39 Max: 0.45
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of Philex Mining was 0.45. The lowest was 0.24. And the median was 0.39.

PHS:PX's Debt-to-Equity is ranked worse than
65.95% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs PHS:PX: 0.31

Philex Mining Debt-to-Equity Historical Data

The historical data trend for Philex Mining'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.

Philex Mining Debt-to-Equity Chart

Philex Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

0.41

0.38

0.24

0.29

Philex Mining 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															0.24	0.29	0.29	0.29	0.31

Competitive Comparison of Philex Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Philex Mining'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.

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

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

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

Philex Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Philex Mining'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
	=	(1882.58	+	7246.489)	/	31688.496
	=	0.29

Philex Mining'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
	=	(2587.04	+	7339.1)	/	31682.031
	=	0.31

Philex Mining (PHS:PX) 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.

Philex Mining Debt-to-Equity Related Terms

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

Philex Mining (PHS:PX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Philex Mining Corp (PHS:PX) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

PXMFF:USA

Address

Reliance Street Corner Sheridan Street, 2nd Floor, Launchpad, Metro Manila, Mandaluyong, PHL, 1550

Website

http://www.philexmining.com.ph

Philex Mining Corporation is a mining and energy company based in the Philippines. The company is organized across two main business groupings: the mining and metals business, and the energy and hydrocarbon business. The metals business mines copper concentrates to produce copper and by-products of gold and silver. The energy and hydrocarbon business has interests (operating and non-operating) in several oil and gas companies. The metals business's gold and copper output are largely produced by the Padcal Mine in Benguet, Philippines. Production from the Padcal Mine contributes the vast majority of the entire company's revenue.