Sherritt International (Sherritt International) Debt-to-Equity : 0.58 (As of Dec. 2023)

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What is Sherritt International Debt-to-Equity?

Sherritt International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $42.3 Mil. Sherritt International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $222.7 Mil. Sherritt International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $457.4 Mil. Sherritt International's debt to equity for the quarter that ended in Dec. 2023 was 0.58.

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 Sherritt International's Debt-to-Equity or its related term are showing as below:

SHERF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 0.74 Max: 2.03
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Sherritt International was 2.03. The lowest was 0.51. And the median was 0.74.

SHERF's Debt-to-Equity is ranked worse than
78.26% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SHERF: 0.58

Sherritt International Debt-to-Equity Historical Data

The historical data trend for Sherritt International'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.

Sherritt International Debt-to-Equity Chart

Sherritt International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.99

0.73

0.76

0.51

0.58

Sherritt International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.51	0.52	0.52	0.47	0.58

Competitive Comparison of Sherritt International's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Sherritt International'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.

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

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

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

Sherritt International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sherritt International'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
	=	(42.338	+	222.719)	/	457.364
	=	0.58

Sherritt International'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
	=	(42.338	+	222.719)	/	457.364
	=	0.58

Sherritt International (OTCPK:SHERF) 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.

Sherritt International Debt-to-Equity Related Terms

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Sherritt International (Sherritt International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sherritt International Corp (OTCPK:SHERF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HRT:Germany S:Canada

Address

22 Adelaide Street West, Suite 4220, Toronto, ON, CAN, M5H 4E3

Website

https://www.sherritt.com

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture's nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.