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PJSC Mining & Metallurgical Co Norilsk Nickel (PJSC Mining & Metallurgical Co Norilsk Nickel) Debt-to-Equity : 1.60 (As of Dec. 2023)


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What is PJSC Mining & Metallurgical Co Norilsk Nickel Debt-to-Equity?

PJSC Mining & Metallurgical Co Norilsk Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,389 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,843 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,396 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's debt to equity for the quarter that ended in Dec. 2023 was 1.60.

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 PJSC Mining & Metallurgical Co Norilsk Nickel's Debt-to-Equity or its related term are showing as below:

NILSY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.33   Med: 2.28   Max: 3.69
Current: 1.6

During the past 13 years, the highest Debt-to-Equity Ratio of PJSC Mining & Metallurgical Co Norilsk Nickel was 3.69. The lowest was 1.33. And the median was 2.28.

NILSY's Debt-to-Equity is ranked worse than
93.96% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs NILSY: 1.60

PJSC Mining & Metallurgical Co Norilsk Nickel Debt-to-Equity Historical Data

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel'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.

PJSC Mining & Metallurgical Co Norilsk Nickel Debt-to-Equity Chart

PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.58 2.46 2.84 1.64 1.60

PJSC Mining & Metallurgical Co Norilsk Nickel 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 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.84 1.35 1.64 1.75 1.60

Competitive Comparison of PJSC Mining & Metallurgical Co Norilsk Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, PJSC Mining & Metallurgical Co Norilsk Nickel'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.

PJSC Mining & Metallurgical Co Norilsk Nickel's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where PJSC Mining & Metallurgical Co Norilsk Nickel's Debt-to-Equity falls into.


PJSC Mining & Metallurgical Co Norilsk Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PJSC Mining & Metallurgical Co Norilsk Nickel's Debt to Equity Ratio for the fiscal year 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
=(4389 + 5843) / 6396
=1.60

PJSC Mining & Metallurgical Co Norilsk Nickel'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
=(4389 + 5843) / 6396
=1.60

* 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.

PJSC Mining & Metallurgical Co Norilsk Nickel  (OTCPK:NILSY) 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.

PJSC Mining & Metallurgical Co Norilsk Nickel Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PJSC Mining & Metallurgical Co Norilsk Nickel's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PJSC Mining & Metallurgical Co Norilsk Nickel (PJSC Mining & Metallurgical Co Norilsk Nickel) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PJSC Mining & Metallurgical Co Norilsk Nickel (OTCPK:NILSY) » Definitions » Debt-to-Equity
Comparable Companies
MIC:ROLO MIC:UNKL ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B HKSE:03993 TSX:IVN BOM:500188 BOM:500295 SHSE:600111 ASX:MIN ASX:S32 TSE:5713
Traded in Other Exchanges
GMKN:Russia
Address
15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100
Website
https://www.nornickel.com
PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.