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Rome Resources (FRA:33R) Debt-to-Equity : 0.08 (As of Dec. 2023)


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What is Rome Resources Debt-to-Equity?

Rome Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.66 Mil. Rome Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Rome Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €7.85 Mil. Rome Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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

FRA:33R' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05   Med: 0.07   Max: 0.08
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Rome Resources was 0.08. The lowest was 0.05. And the median was 0.07.

FRA:33R's Debt-to-Equity is ranked better than
58.28% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:33R: 0.08

Rome Resources Debt-to-Equity Historical Data

The historical data trend for Rome 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.

Rome Resources Debt-to-Equity Chart

Rome Resources Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.05

Rome Resources Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - 0.05 0.08

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

For the Other Industrial Metals & Mining subindustry, Rome 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.


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

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

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



Rome Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rome Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Rome Resources's Debt to Equity Ratio for the quarter that ended in Dec. 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.


Rome Resources  (FRA:33R) 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.


Rome Resources Debt-to-Equity Related Terms

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


Rome Resources (FRA:33R) Business Description

Traded in Other Exchanges
Address
688 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6B 1P1
Rome Resources Ltd engages in the acquisition, exploration, and evaluation of mineral properties. The company has entered into option agreements on two contiguous properties located in the Walikale District of North Kivu Province in the eastern Democratic Republic of Congo. The company's project include the Bisie North Tin Project.

Rome Resources (FRA:33R) Headlines

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