Tietto Minerals (Tietto Minerals) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Tietto Minerals Debt-to-Equity?

Tietto Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.0 Mil. Tietto Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Tietto Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $184.7 Mil. Tietto Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Tietto Minerals's Debt-to-Equity or its related term are showing as below:

TIETF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.12
Current: 0.07

During the past 6 years, the highest Debt-to-Equity Ratio of Tietto Minerals was 0.12. The lowest was 0.00. And the median was 0.04.

TIETF's Debt-to-Equity is ranked better than
60.58% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TIETF: 0.07

Tietto Minerals Debt-to-Equity Historical Data

The historical data trend for Tietto Minerals'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.

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Tietto Minerals Debt-to-Equity Chart

Tietto Minerals Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Debt-to-Equity

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0.12

0.07

Tietto Minerals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							-	0.12	0.05	0.19	0.07

Competitive Comparison of Tietto Minerals's Debt-to-Equity

For the Gold subindustry, Tietto Minerals'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.

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

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

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

Tietto Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tietto Minerals's Debt to Equity Ratio for the fiscal year 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
	=	(12.99	+	0.007)	/	184.715
	=	0.07

Tietto Minerals'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
	=	(12.99	+	0.007)	/	184.715
	=	0.07

Tietto Minerals (OTCPK:TIETF) 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.

Tietto Minerals Debt-to-Equity Related Terms

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Tietto Minerals (Tietto Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tietto Minerals Ltd (OTCPK:TIETF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

TIE:Australia

Address

123B Collin Street, Unit 22, Perth, WA, AUS, 6005

Website

https://www.tietto.com

Tietto Minerals Ltd is a mineral exploration company with a main focus on gold in West Africa. It operates as four segments which are Administration Australia, Exploration Liberia, Exploration Cote d'Ivoire and Development Cote d'Ivoire. The projects include Dube South Project, Cestos Project, and Abujar Au Project.