Jordan Phosphates Mines Co (AMM:JOPH) Debt-to-Equity : 0.04 (As of Sep. 2024)

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What is Jordan Phosphates Mines Co Debt-to-Equity?

Jordan Phosphates Mines Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was JOD13.7 Mil. Jordan Phosphates Mines Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was JOD57.7 Mil. Jordan Phosphates Mines Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was JOD1,669.8 Mil. Jordan Phosphates Mines Co's debt to equity for the quarter that ended in Sep. 2024 was 0.04.

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 Jordan Phosphates Mines Co's Debt-to-Equity or its related term are showing as below:

AMM:JOPH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.2 Max: 0.42
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Jordan Phosphates Mines Co was 0.42. The lowest was 0.00. And the median was 0.20.

AMM:JOPH's Debt-to-Equity is ranked better than
89.96% of 229 companies
in the Agriculture industry
Industry Median: 0.37 vs AMM:JOPH: 0.04

Jordan Phosphates Mines Co Debt-to-Equity Historical Data

The historical data trend for Jordan Phosphates Mines Co'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.

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Jordan Phosphates Mines Co Debt-to-Equity Chart

Jordan Phosphates Mines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.37

0.14

0.07

Jordan Phosphates Mines Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	-	0.01	-	0.04

Competitive Comparison of Jordan Phosphates Mines Co's Debt-to-Equity

For the Agricultural Inputs subindustry, Jordan Phosphates Mines Co'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.

Jordan Phosphates Mines Co's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Jordan Phosphates Mines Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jordan Phosphates Mines Co's Debt-to-Equity falls into.

Jordan Phosphates Mines Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jordan Phosphates Mines Co'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
	=	(7.301	+	0)	/	1676.867
	=	0.00

Jordan Phosphates Mines Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(13.7	+	57.663)	/	1669.786
	=	0.04

Jordan Phosphates Mines Co (AMM:JOPH) 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.

Jordan Phosphates Mines Co Debt-to-Equity Related Terms

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Jordan Phosphates Mines Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Jordan Phosphates Mines Co PLC (AMM:JOPH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Sharif Al-Radhi Street, Amman, JOR, 11118

Website

https://www.jpmc.com.jo

Jordan Phosphates Mines Co PLC engages in the mining, and marketing of phosphates and fertilizers. The activities of the company can be classified under two complementary sectors: the mining sector and the phosphate fertilizer sector. The group extracts phosphate rocks from the Al-Hessa, Al-Abiad, Shidiya, and Al-Russiefah mines. The product portfolio of the company consists of various products such as phosphate, diammonium phosphate, phosphate acid, sulfuric acid, and aluminum fluoride. Geographically business of the firm is spread across the market of Jordan, Asia, Australia, Europe, Africa, and internationally.

Jordan Phosphates Mines Co Headlines

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