Sayona Mining (Sayona Mining) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Sayona Mining Debt-to-Equity?

Sayona Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15.33 Mil. Sayona Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.48 Mil. Sayona Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $495.07 Mil. Sayona Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

SYAXF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.09
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Sayona Mining was 0.09. The lowest was 0.00. And the median was 0.04.

SYAXF's Debt-to-Equity is ranked better than
66.54% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SYAXF: 0.05

Sayona Mining Debt-to-Equity Historical Data

The historical data trend for Sayona Mining'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.

Sayona Mining Debt-to-Equity Chart

Sayona Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.05

0.04

Sayona Mining 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															0.07	0.05	0.05	0.04	0.05

Competitive Comparison of Sayona Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Sayona Mining'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.

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

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

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

Sayona Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sayona Mining'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
	=	(1.305	+	19.644)	/	507.488
	=	0.04

Sayona Mining'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
	=	(15.326	+	10.484)	/	495.066
	=	0.05

Sayona Mining (OTCPK:SYAXF) 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.

Sayona Mining Debt-to-Equity Related Terms

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Sayona Mining (Sayona Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sayona Mining Ltd (OTCPK:SYAXF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DML:Germany SYA:Australia

Address

283 Given Terrace, Unit 68, Paddington, QLD, AUS, 4064

Website

https://www.sayonamining.com.au

Sayona Mining Ltd is a mineral exploration and development company. The principal activity of the company is the identification, acquisition and evaluation of mineral exploration assets, focusing on lithium and graphite. The company's primary focus is the development of the advanced-stage Authier lithium project in Quebec, Canada. It also holds interests in East Kimberley Graphite Project and West Australian Lithium Project.