Harmony Gold Mining Co (Harmony Gold Mining Co) Debt-to-Equity

: 0.08 (As of Dec. 2023)

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Harmony Gold Mining Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1 Mil. Harmony Gold Mining Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $180 Mil. Harmony Gold Mining Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,138 Mil. Harmony Gold Mining Co's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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

HMY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.12 Max: 0.34
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Harmony Gold Mining Co was 0.34. The lowest was 0.05. And the median was 0.12.

HMY's Debt-to-Equity is ranked better than
58.88% of 1306 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HMY: 0.08

Harmony Gold Mining Co Debt-to-Equity Historical Data

The historical data trend for Harmony Gold Mining Co'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.

Harmony Gold Mining Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.26

0.34

0.12

0.18

Harmony Gold Mining Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity																0.11	0.12	0.22	0.18	0.08

Competitive Comparison

For the Gold subindustry, Harmony Gold Mining Co'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.

Harmony Gold Mining Co Debt-to-Equity Distribution

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

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

Harmony Gold Mining Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harmony Gold Mining Co's Debt to Equity Ratio for the fiscal year 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
	=	(17.018	+	314.861)	/	1854.221
	=	0.18

Harmony Gold Mining Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.751	+	179.683)	/	2137.789
	=	0.08

Harmony Gold Mining Co (NYSE:HMY) 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.

Harmony Gold Mining Co Debt-to-Equity Related Terms

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Harmony Gold Mining Co (Harmony Gold Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Harmony Gold Mining Co Ltd (NYSE:HMY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HAR:South Africa HGMCF:USA HAM1:Germany HAM:Germany HAM1:Germany HAM:Germany HMY:Argentina

Address

Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759

Website

https://www.harmony.co.za

Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations.