Metals Exploration (LSE:MTL) Debt-to-Equity : 0.91 (As of Jun. 2023)

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What is Metals Exploration Debt-to-Equity?

Metals Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £39.0 Mil. Metals Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.0 Mil. Metals Exploration's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £42.9 Mil. Metals Exploration's debt to equity for the quarter that ended in Jun. 2023 was 0.91.

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

LSE:MTL' s Debt-to-Equity Range Over the Past 10 Years
Min: -114.63 Med: 0.53 Max: 33.59
Current: 0.91

During the past 13 years, the highest Debt-to-Equity Ratio of Metals Exploration was 33.59. The lowest was -114.63. And the median was 0.53.

LSE:MTL's Debt-to-Equity is ranked worse than
85.9% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:MTL: 0.91

Metals Exploration Debt-to-Equity Historical Data

The historical data trend for Metals Exploration'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.

Metals Exploration Debt-to-Equity Chart

Metals Exploration Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

-3.63

-9.01

-114.63

10.78

4.62

Metals Exploration Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															33.59	10.78	8.69	4.62	0.91

Competitive Comparison of Metals Exploration's Debt-to-Equity

For the Gold subindustry, Metals Exploration'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.

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

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

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

Metals Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Metals Exploration's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(24.631	+	42.678)	/	14.584
	=	4.62

Metals Exploration's Debt to Equity Ratio for the quarter 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
	=	(39.046	+	0)	/	42.949
	=	0.91

Metals Exploration (LSE:MTL) 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.

Metals Exploration Debt-to-Equity Related Terms

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Metals Exploration (LSE:MTL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MJ4:Germany

Address

Berkeley Square, Room 169, First Floor,, Berkeley Square House,, London, GBR, W1J 6DB

Website

https://www.metalsexploration.com

Metals Exploration PLC is a natural resource exploration and development company. The company identifies, acquires, and develops mining and processing projects, mining companies, and businesses with a focus on base and precious metals mining opportunities. The main asset of the company is a Runruno gold-molybdenum project in Northern Philippines. The company operates in geographic areas of the UK, Philippines, and Singapore.