Diamcor Mining (TSXV:DMI) Debt-to-Equity : -2.44 (As of Dec. 2023)

View and export this data going back to 1989. Start your Free Trial

What is Diamcor Mining Debt-to-Equity?

Diamcor Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$8.02 Mil. Diamcor Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.11 Mil. Diamcor Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-3.33 Mil. Diamcor Mining's debt to equity for the quarter that ended in Dec. 2023 was -2.44.

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

TSXV:DMI' s Debt-to-Equity Range Over the Past 10 Years
Min: -254.03 Med: 1.43 Max: 4305.5
Current: -2.44

During the past 13 years, the highest Debt-to-Equity Ratio of Diamcor Mining was 4305.50. The lowest was -254.03. And the median was 1.43.

TSXV:DMI's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:DMI: -2.44

Diamcor Mining Debt-to-Equity Historical Data

The historical data trend for Diamcor 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.

Diamcor Mining Debt-to-Equity Chart

Diamcor Mining Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.71

6.52

34.49

2.91

8.37

Diamcor Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															10.32	4.30	8.37	-3.15	-2.44

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

For the Other Precious Metals & Mining subindustry, Diamcor 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.

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

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

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

Diamcor Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Diamcor Mining's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(6.693	+	0.13)	/	0.815
	=	8.37

Diamcor Mining'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
	=	(8.022	+	0.106)	/	-3.329
	=	-2.44

Diamcor Mining (TSXV:DMI) 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.

Diamcor Mining Debt-to-Equity Related Terms

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

Diamcor Mining (TSXV:DMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Diamcor Mining Inc (TSXV:DMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DMIFF:USA

Address

1620 Dickson Avenue, Suite 630, Kelowna, BC, CAN, V1Y 9Y2

Website

https://www.diamcormining.com

Diamcor Mining Inc is a mining and exploration company. It is engaged in the identification, acquisition, exploration, evaluation, operation, and advancement of diamond-based resource properties with a specific focus on the mining segment of the diamond industry through its subsidiaries. Some of its projects include Kimberlite, Alluvial / Eluvial, and Tailings processing projects. Geographically, it operates in Canada and South Africa.

Executives

Dean Taylor

Director, Senior Officer

Diamcor Mining (TSXV:DMI) Headlines

No Headlines