Sandfire Resources (Sandfire Resources) Debt-to-Equity : 0.35 (As of Dec. 2023)

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What is Sandfire Resources Debt-to-Equity?

Sandfire Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $69.8 Mil. Sandfire Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $508.6 Mil. Sandfire Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,670.7 Mil. Sandfire Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.35.

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

SFRRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.55
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of Sandfire Resources was 0.55. The lowest was 0.00. And the median was 0.11.

SFRRF's Debt-to-Equity is ranked worse than
68.53% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SFRRF: 0.35

Sandfire Resources Debt-to-Equity Historical Data

The historical data trend for Sandfire Resources'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.

Sandfire Resources Debt-to-Equity Chart

Sandfire Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.02

0.01

0.49

0.34

Sandfire Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.49	0.37	0.34	0.35

Competitive Comparison of Sandfire Resources's Debt-to-Equity

For the Copper subindustry, Sandfire Resources'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.

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

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

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

Sandfire Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sandfire Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(88.39	+	508.202)	/	1736.267
	=	0.34

Sandfire Resources'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
	=	(69.767	+	508.553)	/	1670.679
	=	0.35

Sandfire Resources (OTCPK:SFRRF) 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.

Sandfire Resources Debt-to-Equity Related Terms

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

Sandfire Resources (Sandfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sandfire Resources Ltd (OTCPK:SFRRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

S2Z:Germany SFR:Australia

Address

10 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.sandfire.com.au

Sandfire is a copper-focused mineral exploration and development company. The company's operating segment includes Degrussa operation, MATSA Operations, Black Butte Project, Motheo Operations, Exploration, and Other. The company generates the majority of its revenue from MATSA operation, which consists of the Minas De Aguas Teñidas (MATSA) polymetallic mining complex in Spain, comprising three underground mines and a 4.7Mtpa central processing facility. The mines generate revenue from the sale and delivery of copper, zinc and lead concentrates to customers in Spain. Geographically the company generates the majority of its revenue from Spain.

Sandfire Resources (Sandfire Resources) Headlines

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