Firestone Diamonds (LSE:FDI) Debt-to-Equity : 6.94 (As of Jun. 2020)

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What is Firestone Diamonds Debt-to-Equity?

Firestone Diamonds's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was £79.06 Mil. Firestone Diamonds's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was £1.62 Mil. Firestone Diamonds's Total Stockholders Equity for the quarter that ended in Jun. 2020 was £11.63 Mil. Firestone Diamonds's debt to equity for the quarter that ended in Jun. 2020 was 6.94.

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

LSE:FDI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 6.94
Current: 6.94

During the past 13 years, the highest Debt-to-Equity Ratio of Firestone Diamonds was 6.94. The lowest was 0.00. And the median was 0.08.

LSE:FDI's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs LSE:FDI: 6.94

Firestone Diamonds Debt-to-Equity Historical Data

The historical data trend for Firestone Diamonds'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.

Firestone Diamonds Debt-to-Equity Chart

Firestone Diamonds Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Debt-to-Equity

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0.36

1.57

1.24

2.75

6.94

Firestone Diamonds Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20
Debt-to-Equity	Get a 7-Day Free Trial															1.11	1.24	1.41	2.75	6.94

Competitive Comparison of Firestone Diamonds's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Firestone Diamonds'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.

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

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

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

Firestone Diamonds Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Firestone Diamonds's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(79.059	+	1.62)	/	11.632
	=	6.94

Firestone Diamonds's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(79.059	+	1.62)	/	11.632
	=	6.94

Firestone Diamonds (LSE:FDI) 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.

Firestone Diamonds Debt-to-Equity Related Terms

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

Firestone Diamonds (LSE:FDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firestone Diamonds PLC (LSE:FDI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS

Website

http://www.firestonediamonds.com

Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

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