Genmin (ASX:GEN) Debt-to-Equity : 0.44 (As of Jun. 2023)

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What is Genmin Debt-to-Equity?

Genmin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$3.36 Mil. Genmin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$17.21 Mil. Genmin's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$46.31 Mil. Genmin's debt to equity for the quarter that ended in Jun. 2023 was 0.44.

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

ASX:GEN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.21 Max: 0.72
Current: 0.72

During the past 4 years, the highest Debt-to-Equity Ratio of Genmin was 0.72. The lowest was 0.01. And the median was 0.21.

ASX:GEN's Debt-to-Equity is ranked worse than
82.1% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:GEN: 0.72

Genmin Debt-to-Equity Historical Data

The historical data trend for Genmin'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.

Genmin Debt-to-Equity Chart

Genmin Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.13

0.01

0.29

0.72

Genmin Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.01	0.01	0.29	0.44	0.72

Competitive Comparison of Genmin's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Genmin'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.

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

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

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

Genmin Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Genmin's Debt to Equity Ratio for the fiscal year 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
	=	(8.102	+	18.396)	/	37.029
	=	0.72

Genmin's Debt to Equity Ratio for the quarter 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
	=	(3.357	+	17.207)	/	46.309
	=	0.44

Genmin (ASX:GEN) 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.

Genmin Debt-to-Equity Related Terms

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

Genmin (ASX:GEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Genmin Ltd (ASX:GEN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Suite 3, Level 8,, London House, Perth, WA, AUS, 6000

Website

https://www.genmingroup.com

Genmin Ltd is an iron ore exploration and development company with a pipeline of projects in Gabon. The company has six exploration licenses in Gabon, covering three projects. Its project includes Baniaka; Bakoumba and Minvoul/Bitam. The company's operating segments include Gabon Exploration and Corporate.