Horizon Minerals (Horizon Minerals) Debt-to-Equity : 0.25 (As of Mar. 2017)

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What is Horizon Minerals Debt-to-Equity?

Horizon Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was $0.09 Mil. Horizon Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was $0.00 Mil. Horizon Minerals's Total Stockholders Equity for the quarter that ended in Mar. 2017 was $0.37 Mil. Horizon Minerals's debt to equity for the quarter that ended in Mar. 2017 was 0.25.

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

HZNM's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Horizon Minerals Debt-to-Equity Historical Data

The historical data trend for Horizon 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.

* Premium members only.

Horizon Minerals Debt-to-Equity Chart

Horizon Minerals Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Debt-to-Equity

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0.10

Horizon Minerals Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Debt-to-Equity	Get a 7-Day Free Trial															-	-0.08	-0.07	0.10	0.25

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

For the Other Industrial Metals & Mining subindustry, Horizon 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.

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

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

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

Horizon Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Horizon Minerals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2016 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
	=	(0.04	+	0)	/	0.399
	=	0.10

Horizon Minerals's Debt to Equity Ratio for the quarter that ended in Mar. 2017 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
	=	(0.091	+	0)	/	0.365
	=	0.25

Horizon Minerals (OTCPK:HZNM) 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.

Horizon Minerals Debt-to-Equity Related Terms

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

Horizon Minerals (Horizon Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Minerals Corp (OTCPK:HZNM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9101 West Sahara Avenue, Suite 105 - 197, Las Vegas, NV, USA, 89117

Website

http://www.horizonmineralscorp.com

Horizon Minerals Corp is a US-based exploration stage company. It owns domestic lithium assets and is currently evaluating additional lithium opportunities in Nevada and California. The company has acquired several claims in the Great Basin and is ongoingly looking for additional lithium asset acquisitions.

Horizon Minerals (Horizon Minerals) Headlines

From GuruFocus

Germany, Hillary and Horizon Minerals

By $$$ Christopher Malcolm • 10-13-2016