Sarama Resources (ASX:SRR) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Sarama Resources Debt-to-Equity?

Sarama Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was A$0.01 Mil. Sarama Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was A$0.00 Mil. Sarama Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was A$1.43 Mil. Sarama Resources's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

ASX:SRR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.87
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Sarama Resources was 0.87. The lowest was 0.00. And the median was 0.02.

ASX:SRR's Debt-to-Equity is ranked better than
99.92% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:SRR: 0.01

Sarama Resources Debt-to-Equity Historical Data

The historical data trend for Sarama 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.

Sarama Resources Debt-to-Equity Chart

Sarama Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.02

Sarama Resources 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															0.02	0.08	0.01	0.02	0.01

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

For the Gold subindustry, Sarama 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.

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

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

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

Sarama Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sarama 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
	=	(0.033	+	0)	/	1.992
	=	0.02

Sarama Resources'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
	=	(0.012	+	0)	/	1.434
	=	0.01

Sarama Resources (ASX:SRR) 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.

Sarama Resources Debt-to-Equity Related Terms

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

Sarama Resources (ASX:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sarama Resources Ltd (ASX:SRR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SRMMF:USA SWA:Canada

Address

245 Churchill Avenue, Suit 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.saramaresources.com

Sarama Resources Ltd is an exploration and development stage company with gold projects in Burkina Faso, West Africa. The company's key project is the 100%-owned Sanutura Project which hosts a multi-million-ounce mineral resource. It has additional exposure to exploration success through its 100% interest in the nearby Koumandara Project where early-stage exploration has defined several corridors of gold anomalism that extend up to 40km in length. It has one business segment, being the acquisition, exploration and potential development of mineral properties.

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