Pan African Resources (Pan African Resources) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is Pan African Resources Debt-to-Equity?

Pan African Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.1 Mil. Pan African Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $91.9 Mil. Pan African Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $328.2 Mil. Pan African Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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

PAFRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.22 Max: 0.86
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Pan African Resources was 0.86. The lowest was 0.06. And the median was 0.22.

PAFRF's Debt-to-Equity is ranked worse than
64.03% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs PAFRF: 0.28

Pan African Resources Debt-to-Equity Historical Data

The historical data trend for Pan African Resources'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.

Pan African Resources Debt-to-Equity Chart

Pan African Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.73

0.49

0.26

0.13

0.19

Pan African Resources 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															0.18	0.13	0.30	0.19	0.28

Competitive Comparison of Pan African Resources's Debt-to-Equity

For the Gold subindustry, Pan African Resources'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.

Pan African Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Pan African Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pan African Resources'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
	=	(11.502	+	45.334)	/	295.123
	=	0.19

Pan African Resources'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
	=	(1.092	+	91.948)	/	328.223
	=	0.28

Pan African Resources (OTCPK:PAFRF) 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.

Pan African Resources Debt-to-Equity Related Terms

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

Pan African Resources (Pan African Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan African Resources PLC (OTCPK:PAFRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PAN:South Africa PAFRY:USA PAF:UK PAF:UK RTZ:Germany

Address

The Firs Office Building, 2nd Floor, Office 204, Corner Cradock and Biermann Avenues, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.panafricanresources.com

Pan African Resources PLC is a precious metals producer based in the United Kingdom. It operates metal mines in South Africa and derives revenue principally through the mining, extraction, and sale of gold. The company conducts its business through the operation of mining projects in various parts of South Africa, such as Barberton Mines, a gold mining project, Phoenix Platinum, and Uitkomst Colliery, located in Newcastle which sell coal to local and export markets. It also operates growth projects, including PAR Gold Proprietary Limited, which derives revenue from providing management and administration services to other group companies.

Pan African Resources (Pan African Resources) Headlines

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