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DRDGold (DRDGold) Debt-to-Equity : 0.01 (As of Jun. 2023)


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What is DRDGold Debt-to-Equity?

DRDGold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.6 Mil. DRDGold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.5 Mil. DRDGold's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $334.7 Mil. DRDGold's debt to equity for the quarter that ended in Jun. 2023 was 0.01.

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

DRD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.12
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of DRDGold was 0.12. The lowest was 0.00. And the median was 0.01.

DRD's Debt-to-Equity is ranked better than
99.92% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs DRD: 0.01

DRDGold Debt-to-Equity Historical Data

The historical data trend for DRDGold'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.

DRDGold Debt-to-Equity Chart

DRDGold Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.01 0.01 0.01 0.01

DRDGold Semi-Annual Data
Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity Get a 7-Day Free Trial 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 - 0.01 0.01 0.01 0.01

Competitive Comparison of DRDGold's Debt-to-Equity

For the Gold subindustry, DRDGold'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.


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

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

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



DRDGold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DRDGold's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

DRDGold's Debt to Equity Ratio for the quarter that ended in Jun. 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.


DRDGold  (NYSE:DRD) 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.


DRDGold Debt-to-Equity Related Terms

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


DRDGold (DRDGold) Business Description

Traded in Other Exchanges
Address
Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, ZAF, 1709
DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. It has two operating segments: the Ergo which is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central the business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the revenue.

DRDGold (DRDGold) Headlines

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