Resolute Mining (Resolute Mining) Debt-to-Equity : 0.14 (As of Dec. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Resolute Mining Debt-to-Equity?

Resolute Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $74.7 Mil. Resolute Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.6 Mil. Resolute Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $590.1 Mil. Resolute Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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

RMGGY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.2 Max: 0.75
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Resolute Mining was 0.75. The lowest was 0.05. And the median was 0.20.

RMGGY's Debt-to-Equity is ranked worse than
51.34% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs RMGGY: 0.14

Resolute Mining Debt-to-Equity Historical Data

The historical data trend for Resolute 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.

Resolute Mining Debt-to-Equity Chart

Resolute Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.75

0.43

0.67

0.26

0.14

Resolute 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															0.67	0.60	0.26	0.20	0.14

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

For the Gold subindustry, Resolute 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.

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

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

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

Resolute Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Resolute Mining'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
	=	(74.664	+	9.625)	/	590.146
	=	0.14

Resolute 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
	=	(74.664	+	9.625)	/	590.146
	=	0.14

Resolute Mining (OTCPK:RMGGY) 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.

Resolute Mining Debt-to-Equity Related Terms

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

Resolute Mining (Resolute Mining) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RMGGF:USA RSG:UK RSM:Germany RSG:Australia

Address

152 St Georges Terrace, Level 37, Central Park Tower, Perth, WA, AUS, 6000

Website

https://www.rml.com.au

Resolute Mining Ltd is an Australia-based gold producer. Its principal activities include gold mining, prospecting, and exploration of minerals. The company organizes its operations into three main business divisions, namely: Mako (Senegal), and Syama (Mali). The firm generates the majority of its revenue from the Syama (Mali) segment. Syama is a robust, long-life asset comprising an underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high-quality, open-pit gold mine.