Horizonte Minerals (LSE:HZM) Debt-to-Equity : 0.94 (As of Jun. 2023)

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What is Horizonte Minerals Debt-to-Equity?

Horizonte Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.33 Mil. Horizonte Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £248.40 Mil. Horizonte Minerals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £265.67 Mil. Horizonte Minerals's debt to equity for the quarter that ended in Jun. 2023 was 0.94.

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

LSE:HZM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.78 Max: 1.33
Current: 0.94

During the past 13 years, the highest Debt-to-Equity Ratio of Horizonte Minerals was 1.33. The lowest was 0.20. And the median was 0.78.

LSE:HZM's Debt-to-Equity is ranked worse than
86.33% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:HZM: 0.94

Horizonte Minerals Debt-to-Equity Historical Data

The historical data trend for Horizonte 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.

Horizonte Minerals Debt-to-Equity Chart

Horizonte Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.65

1.03

0.20

0.60

Horizonte Minerals Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.55	0.64	0.73	0.60	0.94

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

For the Other Industrial Metals & Mining subindustry, Horizonte 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.

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

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

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

Horizonte Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Horizonte Minerals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.223	+	146.176)	/	245.832
	=	0.60

Horizonte Minerals's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.333	+	248.404)	/	265.674
	=	0.94

Horizonte Minerals (LSE:HZM) 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.

Horizonte Minerals Debt-to-Equity Related Terms

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

Horizonte Minerals (LSE:HZM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizonte Minerals PLC (LSE:HZM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HZMMF:USA H5W0:Germany HZM:Canada

Address

4-12 Regents Street, Rex House, London, GBR, SW1Y 4RG

Website

https://www.horizonteminerals.com

Horizonte Minerals PLC is a United Kingdoms based identification, acquisition, exploration, and development of mineral projects. It engaged in nickel development and mainly focuses on Brazil. It owns and operates the Araguaia Nickel Laterite project located south of the Carajas mining district, northeast Brazil, and the Vermelho Nickel-Cobalt project located in the Carajas region, north-eastern Brazil. The nickel produced by the company is used in stainless steel and electric vehicles. It is principally developing Araguaia as the next nickel mine in Brazil.

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