Mineros (BOG:MINEROS) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Mineros Debt-to-Equity?

Mineros's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was COP54,372 Mil. Mineros's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was COP77,010 Mil. Mineros's Total Stockholders Equity for the quarter that ended in Dec. 2023 was COP1,384,062 Mil. Mineros's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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

BOG:MINEROS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.25 Max: 0.44
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Mineros was 0.44. The lowest was 0.10. And the median was 0.25.

BOG:MINEROS's Debt-to-Equity is ranked better than
54.6% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs BOG:MINEROS: 0.10

Mineros Debt-to-Equity Historical Data

The historical data trend for Mineros'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.

Mineros Debt-to-Equity Chart

Mineros Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.24

0.15

0.14

0.10

Mineros Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.14	0.12	0.10	0.10

Competitive Comparison of Mineros's Debt-to-Equity

For the Gold subindustry, Mineros'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.

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

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

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

Mineros Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mineros'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
	=	(54372.359	+	77010.486)	/	1384061.91
	=	0.09

Mineros'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
	=	(54372.359	+	77010.486)	/	1384061.91
	=	0.09

Mineros (BOG:MINEROS) 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.

Mineros Debt-to-Equity Related Terms

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

Mineros (BOG:MINEROS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineros SA (BOG:MINEROS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MSA:Canada

Address

Cra 43 A No 14-109, Ed. NovaTempo, Piso 6, Medellin, COL

Website

http://www.mineros.com.co

Mineros SA is a Latin American gold mining company. The company has a diversified asset base, with mines in Colombia, Nicaragua and Argentina and a pipeline of development and exploration projects throughout the region. In Colombia, Nechi Aluvial is a mining property located in the Lower Cauca Region of Antioquia, in northwestern Colombia. In Nicaragua, it owns Hemco, a mining operation located in Bonanza, a municipality in the Caribbean Coast, in the northeastern part of the country, where it has an underground mine and an artisanal mining program. The property in Argentina, Gualcamayo has an open pit and an underground operation. In Chile, it has the La Pepa Greenfield project with Yamana, in the region of Copiapo, in the northern part of the country.

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