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Magnum Mining and Exploration (Magnum Mining and Exploration) Debt-to-Equity : 0.00 (As of Jun. 2023)


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What is Magnum Mining and Exploration Debt-to-Equity?

Magnum Mining and Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Magnum Mining and Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Magnum Mining and Exploration's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $6.93 Mil. Magnum Mining and Exploration's debt to equity for the quarter that ended in Jun. 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 Magnum Mining and Exploration's Debt-to-Equity or its related term are showing as below:

MGUFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.07   Max: 0.77
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Magnum Mining and Exploration was 0.77. The lowest was 0.03. And the median was 0.07.

MGUFF's Debt-to-Equity is ranked better than
75.48% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs MGUFF: 0.03

Magnum Mining and Exploration Debt-to-Equity Historical Data

The historical data trend for Magnum Mining and 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.

Magnum Mining and Exploration Debt-to-Equity Chart

Magnum Mining and Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.06 - 0.07 0.03

Magnum Mining and Exploration 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 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 - 0.15 0.07 - 0.03

Competitive Comparison of Magnum Mining and Exploration's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Magnum Mining and 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.


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

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

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



Magnum Mining and Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magnum Mining and Exploration's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Magnum Mining and Exploration's Debt to Equity Ratio for the quarter that ended in Jun. 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.


Magnum Mining and Exploration  (OTCPK:MGUFF) 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.


Magnum Mining and Exploration Debt-to-Equity Related Terms

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Magnum Mining and Exploration (Magnum Mining and Exploration) Business Description

Traded in Other Exchanges
Address
52 Phillip Street, Level 11, Sydney, NSW, AUS, 2000
Magnum Mining and Exploration Ltd is a mining and exploration company. Its geographical segments include Australia, the United States, and South Africa. The company's projects include Buena Vista Magnetite Project and HIsmelt Green Pig Iron Project.

Magnum Mining and Exploration (Magnum Mining and Exploration) Headlines

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