East Africa Metals (East Africa Metals) Debt-to-Equity

: 0.05 (As of Dec. 2023)

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East Africa Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.48 Mil. East Africa Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. East Africa Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9.61 Mil. East Africa Metals's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

EFRMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.05
Current: 0.05

During the past 10 years, the highest Debt-to-Equity Ratio of East Africa Metals was 0.05. The lowest was 0.02. And the median was 0.03.

EFRMF's Debt-to-Equity is ranked better than
66.54% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs EFRMF: 0.05

East Africa Metals Debt-to-Equity Historical Data

The historical data trend for East Africa Metals'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.

East Africa Metals Annual Data

Trend

Jun12

Jun13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.04

0.02

0.05

0.03

East Africa Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	N/A	0.04	0.05	0.05

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, East Africa Metals'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.

East Africa Metals Debt-to-Equity Distribution

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

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

East Africa Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

East Africa Metals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(0.406	+	0)	/	12.995
	=	0.03

East Africa Metals'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
	=	(0.484	+	0)	/	9.612
	=	0.05

East Africa Metals (OTCPK:EFRMF) 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.

East Africa Metals Debt-to-Equity Related Terms

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East Africa Metals (East Africa Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » East Africa Metals Inc (OTCPK:EFRMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EA1:Germany EAM:Canada

Address

777 Dunsmuir Street, 17th Floor, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.eastafricametals.com

East Africa Metals Inc is a mineral exploration company focused on the identification, acquisition, exploration, development, and/or sale of base and precious mineral resource properties in Ethiopia and Tanzania. The company's mineral properties consist of one project in Ethiopia, the Harvest Project, Adyabo Project, and one project in Tanzania, the Handeni and Other Properties. The geographical segments of the company include Canada, Tanzania, and Ethiopia. It has one reportable segment Exploration and Development of Mineral Properties.