EUMNF (Euro Manganese) Debt-to-Equity : 1.80 (As of Jun. 2024)

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What is Euro Manganese Debt-to-Equity?

Euro Manganese's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.08 Mil. Euro Manganese's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $19.49 Mil. Euro Manganese's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $10.87 Mil. Euro Manganese's debt to equity for the quarter that ended in Jun. 2024 was 1.80.

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 Euro Manganese's Debt-to-Equity or its related term are showing as below:

EUMNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 1.8
Current: 1.8

During the past 6 years, the highest Debt-to-Equity Ratio of Euro Manganese was 1.80. The lowest was 0.00. And the median was 0.01.

EUMNF's Debt-to-Equity is ranked worse than
94.8% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs EUMNF: 1.80

Euro Manganese Debt-to-Equity Historical Data

The historical data trend for Euro Manganese'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.

Euro Manganese Debt-to-Equity Chart

Euro Manganese Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Debt-to-Equity

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0.01

Euro Manganese Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	1.04	1.40	1.80

Competitive Comparison of Euro Manganese's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Euro Manganese'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.

Euro Manganese's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Euro Manganese Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Euro Manganese's Debt to Equity Ratio for the fiscal year that ended in Sep. 2022 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
	=	(0.131	+	0.124)	/	27.956
	=	0.01

Euro Manganese's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.083	+	19.489)	/	10.871
	=	1.80

Euro Manganese (OTCPK:EUMNF) 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.

Euro Manganese Debt-to-Equity Related Terms

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

Euro Manganese Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Euro Manganese Inc (OTCPK:EUMNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

E06:Germany EMN:Canada EMN:Australia

Address

700 West Pender Street, Suite 709, Vancouver, BC, CAN, V6C 1G8

Website

https://www.mn25.ca

Euro Manganese Inc is a Canada-based mineral exploration company. It is mainly engaged in the evaluation and development of the Chvaletice manganese project for the production of high-purity electrolytic manganese metal and high-purity manganese sulphate monohydrate ("HPMSM") and other high-purity manganese products.