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First Majestic Silver (First Majestic Silver) Debt-to-Equity

: 0.19 (As of Dec. 2023)
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First Majestic Silver's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18.2 Mil. First Majestic Silver's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $238.3 Mil. First Majestic Silver's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,358.1 Mil. First Majestic Silver's debt to equity for the quarter that ended in Dec. 2023 was 0.19.

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

AG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07   Med: 0.17   Max: 0.27
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of First Majestic Silver was 0.27. The lowest was 0.07. And the median was 0.17.

AG's Debt-to-Equity is ranked worse than
56.51% of 1306 companies
in the Metals & Mining industry
Industry Median: 0.13 vs AG: 0.19

First Majestic Silver Debt-to-Equity Historical Data

The historical data trend for First Majestic Silver'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.

First Majestic Silver Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.20 0.16 0.18 0.19

First Majestic Silver Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.19 0.19 0.19 0.19

Competitive Comparison

For the Silver subindustry, First Majestic Silver'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.


First Majestic Silver Debt-to-Equity Distribution

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

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



First Majestic Silver Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Majestic Silver's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

First Majestic Silver's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


First Majestic Silver  (NYSE:AG) 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.


First Majestic Silver Debt-to-Equity Related Terms

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


First Majestic Silver (First Majestic Silver) Business Description

Address
925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2
First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns four producing mines, three mines in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine in Nevada.
Executives
Vinita Lee Piper 10 percent owner 712 WILCREST, SUITE 3020, HOUSTON TX 77042