Dominion Diamond (Dominion Diamond) Debt-to-Equity : 0.01 (As of Apr. 2017)

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What is Dominion Diamond Debt-to-Equity?

Dominion Diamond's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2017 was $10.6 Mil. Dominion Diamond's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2017 was $0.0 Mil. Dominion Diamond's Total Stockholders Equity for the quarter that ended in Apr. 2017 was $1,179.6 Mil. Dominion Diamond's debt to equity for the quarter that ended in Apr. 2017 was 0.01.

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 Dominion Diamond's Debt-to-Equity or its related term are showing as below:

DDC'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.

Dominion Diamond Debt-to-Equity Historical Data

The historical data trend for Dominion Diamond'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.

Dominion Diamond Debt-to-Equity Chart

Dominion Diamond Annual Data

Trend

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Debt-to-Equity

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0.07

0.03

0.01

Dominion Diamond Quarterly Data
	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	-

Competitive Comparison of Dominion Diamond's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Dominion Diamond'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.

Dominion Diamond's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Dominion Diamond Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dominion Diamond's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(10.556	+	0)	/	1218.869
	=	0.01

Dominion Diamond's Debt to Equity Ratio for the quarter that ended in Apr. 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
	=	(10.556	+	0)	/	1179.588
	=	0.01

Dominion Diamond (NYSE:DDC) 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.

Dominion Diamond Debt-to-Equity Related Terms

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Dominion Diamond (Dominion Diamond) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dominion Diamond Corp (NYSE:DDC) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Website

http://www.ddcorp.ca

Dominion Diamond Corp is a Canadian diamond mining company that supplies rough diamonds to the global market. The company owns two major diamond mines, the Ekati Diamond Mine, for which a controlling interest is owned by Dominion Diamond, and the Diavik Diamond Mine. Both mines are located in Canada's Northwest Territories. Dominion Diamond receives rough diamonds through its ownership interests in these mines, and sells the sorted and assessed diamonds to diamond manufacturers who cut and polish diamonds.