KAZ Minerals (KAZ Minerals) Debt-to-Equity : 1.65 (As of Dec. 2020)

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What is KAZ Minerals Debt-to-Equity?

KAZ Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $528 Mil. KAZ Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $3,372 Mil. KAZ Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2020 was $2,366 Mil. KAZ Minerals's debt to equity for the quarter that ended in Dec. 2020 was 1.65.

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

KZMYY'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.

KAZ Minerals Debt-to-Equity Historical Data

The historical data trend for KAZ 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.

KAZ Minerals Debt-to-Equity Chart

KAZ Minerals Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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7.09

3.90

3.29

1.56

1.65

KAZ Minerals Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Debt-to-Equity	Get a 7-Day Free Trial															3.29	1.86	1.56	1.88	1.65

Competitive Comparison of KAZ Minerals's Debt-to-Equity

For the Copper subindustry, KAZ 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.

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

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

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

KAZ Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

KAZ Minerals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(528	+	3372)	/	2366
	=	1.65

KAZ Minerals's Debt to Equity Ratio for the quarter that ended in Dec. 2020 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
	=	(528	+	3372)	/	2366
	=	1.65

KAZ Minerals (OTCPK:KZMYY) 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.

KAZ Minerals Debt-to-Equity Related Terms

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KAZ Minerals (KAZ Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KAZ Minerals PLC (OTCPK:KZMYY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Victoria Street, 6th Floor, Cardinal Place, London, GBR, SW1E 5JL

Website

https://www.kazminerals.com

KAZ Minerals PLC is a copper mining company focused on open-pit mining in Kazakhstan. KAZ Minerals operates several mines across Kazakhstan, with almost half the company's output derived from the Bozshakol mine in the north of the country. Through copper mining, the company also generates by-products, which principally include gold, silver, and zinc. While the company generates the vast majority of its revenue from copper, it derives some revenue from the sale of the by-products. KAZ Minerals sells its finished metals across both China and Europe.