Sociedad Quimica Y Minera De Chile (XSGO:SQM-B) Debt-to-Equity : 0.81 (As of Dec. 2023)

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What is Sociedad Quimica Y Minera De Chile Debt-to-Equity?

Sociedad Quimica Y Minera De Chile's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CLP1,073,251 Mil. Sociedad Quimica Y Minera De Chile's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CLP2,847,536 Mil. Sociedad Quimica Y Minera De Chile's Total Stockholders Equity for the quarter that ended in Dec. 2023 was CLP4,828,003 Mil. Sociedad Quimica Y Minera De Chile's debt to equity for the quarter that ended in Dec. 2023 was 0.81.

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 Sociedad Quimica Y Minera De Chile's Debt-to-Equity or its related term are showing as below:

XSGO:SQM-B' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 0.74 Max: 0.92
Current: 0.81

During the past 13 years, the highest Debt-to-Equity Ratio of Sociedad Quimica Y Minera De Chile was 0.92. The lowest was 0.54. And the median was 0.74.

XSGO:SQM-B's Debt-to-Equity is ranked worse than
79.11% of 1398 companies
in the Chemicals industry
Industry Median: 0.35 vs XSGO:SQM-B: 0.81

Sociedad Quimica Y Minera De Chile Debt-to-Equity Historical Data

The historical data trend for Sociedad Quimica Y Minera De Chile'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.

Sociedad Quimica Y Minera De Chile Debt-to-Equity Chart

Sociedad Quimica Y Minera De Chile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.86

0.92

0.82

0.59

0.81

Sociedad Quimica Y Minera De Chile 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															0.59	0.55	0.70	0.70	0.81

Competitive Comparison of Sociedad Quimica Y Minera De Chile's Debt-to-Equity

For the Specialty Chemicals subindustry, Sociedad Quimica Y Minera De Chile'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.

Sociedad Quimica Y Minera De Chile's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sociedad Quimica Y Minera De Chile's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sociedad Quimica Y Minera De Chile's Debt-to-Equity falls into.

Sociedad Quimica Y Minera De Chile Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sociedad Quimica Y Minera De Chile'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
	=	(1073250.979	+	2847535.793)	/	4828002.664
	=	0.81

Sociedad Quimica Y Minera De Chile'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
	=	(1073250.979	+	2847535.793)	/	4828002.664
	=	0.81

Sociedad Quimica Y Minera De Chile (XSGO:SQM-B) 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.

Sociedad Quimica Y Minera De Chile Debt-to-Equity Related Terms

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Sociedad Quimica Y Minera De Chile (XSGO:SQM-B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sociedad Quimica Y Minera De Chile SA (XSGO:SQM-B) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SQM:USA QYM:Germany QYM:Germany SQM-A:Chile

Address

El Trovador 4285, 6th Floor, Las Condes, Santiago, CHL

Website

https://www.sqm.com

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM is also developing a hard rock lithium project in Australia and is growing its lithium refining assets in China.

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