Petra Diamonds (Petra Diamonds) Debt-to-Equity : 1.01 (As of Dec. 2023)

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What is Petra Diamonds Debt-to-Equity?

Petra Diamonds's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $29.4 Mil. Petra Diamonds's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $292.2 Mil. Petra Diamonds's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $318.8 Mil. Petra Diamonds's debt to equity for the quarter that ended in Dec. 2023 was 1.01.

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

PDLMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.98 Max: 28.93
Current: 1.01

During the past 13 years, the highest Debt-to-Equity Ratio of Petra Diamonds was 28.93. The lowest was 0.27. And the median was 0.98.

PDLMF's Debt-to-Equity is ranked worse than
87.11% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs PDLMF: 1.01

Petra Diamonds Debt-to-Equity Historical Data

The historical data trend for Petra 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.

Petra Diamonds Debt-to-Equity Chart

Petra Diamonds Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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2.47

28.93

0.96

0.82

0.86

Petra Diamonds 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															1.01	0.82	0.61	0.86	1.01

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

For the Other Precious Metals & Mining subindustry, Petra 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.

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

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

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

Petra Diamonds Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petra Diamonds'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
	=	(28.1	+	248.2)	/	320.7
	=	0.86

Petra Diamonds'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
	=	(29.4	+	292.2)	/	318.8
	=	1.01

Petra Diamonds (OTCPK:PDLMF) 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.

Petra Diamonds Debt-to-Equity Related Terms

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

Petra Diamonds (Petra Diamonds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Petra Diamonds Ltd (OTCPK:PDLMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PDLl:UK PDL:UK FPO:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

https://www.petradiamonds.com

Petra Diamonds Ltd is an independent diamond mining company and supplier of rough diamonds to the international market. Group functions through Mining and Exploration segment which include extraction and sale of rough diamonds from mining operations in South Africa and Tanzania and exploration activities in Botswana. Its operating mines include Finsch, Cullinan, Koffiefontein, and Williamson. Revenue for the firm is generated through the sale of goods.