African Rainbow Minerals (FRA:EB9) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is African Rainbow Minerals Debt-to-Equity?

African Rainbow Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.8 Mil. African Rainbow Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.7 Mil. African Rainbow Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €2,478.7 Mil. African Rainbow Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 African Rainbow Minerals's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of African Rainbow Minerals was 0.23. The lowest was 0.00. And the median was 0.08.

FRA:EB9'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.

African Rainbow Minerals Debt-to-Equity Historical Data

The historical data trend for African Rainbow Minerals'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.

African Rainbow Minerals Debt-to-Equity Chart

African Rainbow Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.07

0.06

0.04

0.01

African Rainbow Minerals 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															0.03	0.01	0.01	0.01	-

Competitive Comparison of African Rainbow Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, African Rainbow Minerals'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.

African Rainbow Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

African Rainbow Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

African Rainbow Minerals'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
	=	(1.773	+	10.144)	/	2423.215
	=	0.00

African Rainbow Minerals'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
	=	(1.772	+	7.727)	/	2478.727
	=	0.00

African Rainbow Minerals (FRA:EB9) 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.

African Rainbow Minerals Debt-to-Equity Related Terms

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

African Rainbow Minerals (FRA:EB9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Rainbow Minerals Ltd (FRA:EB9) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ARI:South Africa AFBOF:USA

Address

29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196

Website

https://www.arm.co.za

African Rainbow Minerals Ltd is a South African diversified mining and minerals company. The group has various operating divisions: platinum, ferrous, coal, copper, and corporate. In addition, African Rainbow Minerals has an investment in gold through its shareholding in Harmony. Ferrous is the group's largest division, contributing roughly half of group revenue, closely trailed by the platinum division. The platinum division includes the Two Rivers Platinum Mine as a 51% subsidiary and an interest in the Modikwa Platinum Mine. The ferrous division comprises Assmang as a 50% joint venture, which includes iron ore, manganese, and chrome operations.

African Rainbow Minerals (FRA:EB9) Headlines

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