Stornoway Diamond (TSX:SWY) Debt-to-Equity : -3.12 (As of Jun. 2019)

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What is Stornoway Diamond Debt-to-Equity?

Stornoway Diamond's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was C$35.9 Mil. Stornoway Diamond's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was C$290.0 Mil. Stornoway Diamond's Total Stockholders Equity for the quarter that ended in Jun. 2019 was C$-104.5 Mil. Stornoway Diamond's debt to equity for the quarter that ended in Jun. 2019 was -3.12.

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

TSX:SWY's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Stornoway Diamond Debt-to-Equity Historical Data

The historical data trend for Stornoway Diamond'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.

Stornoway Diamond Debt-to-Equity Chart

Stornoway Diamond Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Debt-to-Equity

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0.37

0.36

0.53

1.15

Stornoway Diamond Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Debt-to-Equity	Get a 7-Day Free Trial															0.58	0.63	1.15	1.36	-3.12

Competitive Comparison of Stornoway Diamond's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.

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

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

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

Stornoway Diamond Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Stornoway Diamond's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(13.52	+	315.035)	/	285.369
	=	1.15

Stornoway Diamond's Debt to Equity Ratio for the quarter that ended in Jun. 2019 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
	=	(35.858	+	290.017)	/	-104.519
	=	-3.12

Stornoway Diamond (TSX:SWY) 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.

Stornoway Diamond Debt-to-Equity Related Terms

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

Stornoway Diamond (TSX:SWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stornoway Diamond Corp (TSX:SWY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4

Website

http://www.stornowaydiamonds.com

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

Stornoway Diamond (TSX:SWY) Headlines

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