Mandalay Resources (TSX:MND) Debt-to-Equity : 0.12 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Mandalay Resources Debt-to-Equity?

Mandalay Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2.5 Mil. Mandalay Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$29.2 Mil. Mandalay Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$264.2 Mil. Mandalay Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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

TSX:MND' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.28 Max: 0.64
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Mandalay Resources was 0.64. The lowest was 0.12. And the median was 0.28.

TSX:MND's Debt-to-Equity is ranked better than
50.88% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:MND: 0.12

Mandalay Resources Debt-to-Equity Historical Data

The historical data trend for Mandalay Resources'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.

Mandalay Resources Debt-to-Equity Chart

Mandalay Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.62

0.47

0.28

0.13

0.12

Mandalay Resources 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															0.13	0.13	0.14	0.13	0.12

Competitive Comparison of Mandalay Resources's Debt-to-Equity

For the Gold subindustry, Mandalay Resources'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.

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

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

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

Mandalay Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mandalay Resources'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
	=	(2.485	+	29.172)	/	264.204
	=	0.12

Mandalay Resources'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
	=	(2.485	+	29.172)	/	264.204
	=	0.12

Mandalay Resources (TSX:MND) 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.

Mandalay Resources Debt-to-Equity Related Terms

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

Mandalay Resources (TSX:MND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mandalay Resources Corp (TSX:MND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MNDJF:USA R7X2:Germany

Address

76 Richmond Street East, Suite 330, Toronto, ON, CAN, M5C 1P1

Website

https://www.mandalayresources.com

Mandalay Resources Corp is a Canadian-based natural resource corporation with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile and Canada. The company focuses on growing its production and reducing costs at its gold and antimony operation in Australia, and its gold mine in Sweden, to generate near-term sustainable positive cash flow.

Executives

Frazer William Bourchier

Senior Officer

Mandalay Resources (TSX:MND) Headlines

No Headlines