Fortuna Silver Mines (TSX:FVI) Debt-to-Equity : 0.18 (As of Mar. 2024)

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What is Fortuna Silver Mines Debt-to-Equity?

Fortuna Silver Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$79 Mil. Fortuna Silver Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$220 Mil. Fortuna Silver Mines's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$1,707 Mil. Fortuna Silver Mines's debt to equity for the quarter that ended in Mar. 2024 was 0.18.

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 Fortuna Silver Mines's Debt-to-Equity or its related term are showing as below:

TSX:FVI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.16 Max: 0.33
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Fortuna Silver Mines was 0.33. The lowest was 0.07. And the median was 0.16.

TSX:FVI's Debt-to-Equity is ranked worse than
55.54% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:FVI: 0.18

Fortuna Silver Mines Debt-to-Equity Historical Data

The historical data trend for Fortuna Silver Mines'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.

Fortuna Silver Mines Debt-to-Equity Chart

Fortuna Silver Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.27

0.25

0.14

0.19

0.21

Fortuna Silver Mines 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	0.27	0.23	0.21	0.18

Competitive Comparison of Fortuna Silver Mines's Debt-to-Equity

For the Gold subindustry, Fortuna Silver Mines'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.

Fortuna Silver Mines's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Fortuna Silver Mines's Debt-to-Equity falls into.

Fortuna Silver Mines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fortuna Silver Mines'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
	=	(78.942	+	275.573)	/	1661.393
	=	0.21

Fortuna Silver Mines'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
	=	(79.364	+	220.305)	/	1706.681
	=	0.18

Fortuna Silver Mines (TSX:FVI) 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.

Fortuna Silver Mines Debt-to-Equity Related Terms

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Fortuna Silver Mines (TSX:FVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortuna Silver Mines Inc (TSX:FVI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FSM:USA F4S:Germany

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.fortunasilver.com

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales.

Executives

David Whittle

Senior Officer