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Mountain Province Diamonds (TSX:MPVD) Debt-to-Equity : 0.73 (As of Mar. 2023)


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What is Mountain Province Diamonds Debt-to-Equity?

Mountain Province Diamonds's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.2 Mil. Mountain Province Diamonds's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$316.9 Mil. Mountain Province Diamonds's Total Stockholders Equity for the quarter that ended in Mar. 2023 was C$435.7 Mil. Mountain Province Diamonds's debt to equity for the quarter that ended in Mar. 2023 was 0.73.

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 Mountain Province Diamonds's Debt-to-Equity or its related term are showing as below:

TSX:MPVD's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Mountain Province Diamonds Debt-to-Equity Historical Data

The historical data trend for Mountain Province Diamonds'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.

Mountain Province Diamonds Debt-to-Equity Chart

Mountain Province Diamonds Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 1.13 5.53 1.07 0.78

Mountain Province Diamonds Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.99 0.96 1.03 0.78 0.73

Competitive Comparison of Mountain Province Diamonds's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Mountain Province Diamonds'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.


Mountain Province Diamonds's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mountain Province Diamonds's Debt-to-Equity falls into.



Mountain Province Diamonds Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mountain Province Diamonds's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Mountain Province Diamonds's Debt to Equity Ratio for the quarter that ended in Mar. 2023 is calculated as

* 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.


Mountain Province Diamonds  (TSX:MPVD) 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.


Mountain Province Diamonds Debt-to-Equity Related Terms

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


Mountain Province Diamonds (TSX:MPVD) Business Description

Traded in Other Exchanges
Address
161 Bay Street, Suite 1410, P.O. Box 216, Toronto, ON, CAN, M5J 2S1
Mountain Province Diamonds Inc is engaged in the mining and marketing of rough diamonds. The Company supplies rough diamonds from its 49% ownership interest in the Gahcho Kue diamond mine (the GK Diamond Mine). The GK Diamond Mine is located in Canada's Northwest Territories. The Company also owns 100% of the mineral rights of the Kennady North Project (KNP) in Canada's Northwest Territories.

Mountain Province Diamonds (TSX:MPVD) Headlines

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