Sandfire Resources America (Sandfire Resources America) Debt-to-Equity : -2.00 (As of Mar. 2024)

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What is Sandfire Resources America Debt-to-Equity?

Sandfire Resources America's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $28.30 Mil. Sandfire Resources America's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Sandfire Resources America's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-14.18 Mil. Sandfire Resources America's debt to equity for the quarter that ended in Mar. 2024 was -2.00.

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 Sandfire Resources America's Debt-to-Equity or its related term are showing as below:

SRAFF' s Debt-to-Equity Range Over the Past 10 Years
Min: -21.8 Med: 0.01 Max: 10.83
Current: -2

During the past 13 years, the highest Debt-to-Equity Ratio of Sandfire Resources America was 10.83. The lowest was -21.80. And the median was 0.01.

SRAFF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs SRAFF: -2.00

Sandfire Resources America Debt-to-Equity Historical Data

The historical data trend for Sandfire Resources America'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.

Sandfire Resources America Debt-to-Equity Chart

Sandfire Resources America Annual Data

Trend

Sep14

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

10.83

0.01

5.97

-3.15

Sandfire Resources America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-3.85	-3.15	-2.71	-2.35	-2.00

Competitive Comparison of Sandfire Resources America's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Sandfire Resources America'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.

Sandfire Resources America's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sandfire Resources America's Debt-to-Equity falls into.

Sandfire Resources America Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sandfire Resources America'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
	=	(19.227	+	0.052)	/	-6.124
	=	-3.15

Sandfire Resources America's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(28.299	+	0)	/	-14.18
	=	-2.00

Sandfire Resources America (OTCPK:SRAFF) 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.

Sandfire Resources America Debt-to-Equity Related Terms

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Sandfire Resources America (Sandfire Resources America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sandfire Resources America Inc (OTCPK:SRAFF) » Definitions » Debt-to-Equity

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SFR:Canada

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.sandfireamerica.com

Sandfire Resources America Inc is engaged in the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper Project in central Montana, USA. The property contains sediment-hosted zones of massive sulfide mineralization. The drilling encountered significant zones of strata-bound copper sulfide with cobalt in multiple bedded pyrite zones in the lower part of the Precambrian Belt Super group. The Company's operations are limited to a single industry segment being the acquisition, exploration, and development of resource properties.