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Gold Fields (NYSE:GFI) Debt-to-Equity

: 0.39 (As of Jun. 2023)
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Gold Fields's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $847 Mil. Gold Fields's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $832 Mil. Gold Fields's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $4,278 Mil. Gold Fields's debt to equity for the quarter that ended in Jun. 2023 was 0.39.

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 Gold Fields's Debt-to-Equity or its related term are showing as below:

GFI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35   Med: 0.56   Max: 0.86
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Gold Fields was 0.86. The lowest was 0.35. And the median was 0.56.

GFI's Debt-to-Equity is ranked worse than
71.21% of 1285 companies
in the Metals & Mining industry
Industry Median: 0.13 vs GFI: 0.39

Gold Fields Debt-to-Equity Historical Data

The historical data trend for Gold Fields'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.

Gold Fields Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.79 0.53 0.38 0.35

Gold Fields Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Debt-to-Equity 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 Premium Member Only Premium Member Only Premium Member Only 0.46 0.38 0.37 0.35 0.39

Competitive Comparison

For the Gold subindustry, Gold Fields'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.


Gold Fields Debt-to-Equity Distribution

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

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



Gold Fields Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gold Fields's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Gold Fields'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.


Gold Fields  (NYSE:GFI) 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.


Gold Fields Debt-to-Equity Related Terms

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


Gold Fields (NYSE:GFI) Business Description

Address
150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.