Northam Platinum (JSE:NHM) Debt-to-Equity : 0.41 (As of Jun. 2021)

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What is Northam Platinum Debt-to-Equity?

Northam Platinum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was R3,761 Mil. Northam Platinum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was R4,063 Mil. Northam Platinum's Total Stockholders Equity for the quarter that ended in Jun. 2021 was R19,015 Mil. Northam Platinum's debt to equity for the quarter that ended in Jun. 2021 was 0.41.

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 Northam Platinum's Debt-to-Equity or its related term are showing as below:

JSE:NHM'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.

Northam Platinum Debt-to-Equity Historical Data

The historical data trend for Northam Platinum'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.

Northam Platinum Debt-to-Equity Chart

Northam Platinum Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Debt-to-Equity

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0.09

0.43

0.55

0.60

0.41

Northam Platinum Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Debt-to-Equity	Get a 7-Day Free Trial															0.55	0.72	0.60	0.81	0.41

Competitive Comparison of Northam Platinum's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Northam Platinum'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.

Northam Platinum's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Northam Platinum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northam Platinum's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(3760.743	+	4062.738)	/	19015.319
	=	0.41

Northam Platinum's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(3760.743	+	4062.738)	/	19015.319
	=	0.41

Northam Platinum (JSE:NHM) 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.

Northam Platinum Debt-to-Equity Related Terms

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

Northam Platinum (JSE:NHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northam Platinum Ltd (JSE:NHM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Magwa Crescent West, Building 4, 1st Floor, Maxwell Office Park, Waterfall City, Jukskei View, Johannesburg, GT, ZAF, 2090

Website

https://www.northam.co.za

Northam Platinum Ltd is a producer of platinum group metals, which include platinum, palladium, and rhodium. Northam conducts operations across two main locations in South Africa, Zondereinde and Booysendal, where the mining, concentrating, smelting, and base metals recovery processes occur. The company then outsources its production for refining. The primary consumers of platinum, palladium, and rhodium are from the motor-manufacturing and jewellery industries. Northam sells metals in sponge or ingot form domestically and to overseas markets across Asia, Europe, and North America.

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