Altan Rio Minerals (FRA:1AN) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Altan Rio Minerals Debt-to-Equity?

Altan Rio Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil. Altan Rio Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil. Altan Rio Minerals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €5.57 Mil. Altan Rio Minerals's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Altan Rio Minerals's Debt-to-Equity or its related term are showing as below:

FRA:1AN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.9 Med: 0.04 Max: 0.16
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Altan Rio Minerals was 0.16. The lowest was -0.90. And the median was 0.04.

FRA:1AN's Debt-to-Equity is ranked better than
75.93% of 1313 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:1AN: 0.03

Altan Rio Minerals Debt-to-Equity Historical Data

The historical data trend for Altan Rio Minerals'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.

Altan Rio Minerals Debt-to-Equity Chart

Altan Rio Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.90

0.04

0.16

0.10

Altan Rio Minerals 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															0.15	0.04	-	-	-

Competitive Comparison of Altan Rio Minerals's Debt-to-Equity

For the Gold subindustry, Altan Rio Minerals'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.

Altan Rio Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Altan Rio Minerals's Debt-to-Equity falls into.

Altan Rio Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Altan Rio Minerals'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	+	0)	/	5.77
	=	0.00

Altan Rio Minerals'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	+	0)	/	5.569
	=	0.00

Altan Rio Minerals (FRA:1AN) 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.

Altan Rio Minerals Debt-to-Equity Related Terms

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Altan Rio Minerals (FRA:1AN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altan Rio Minerals Ltd (FRA:1AN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GHML:Canada

Address

Ground Floor, 20 Kings Park Road, West Perth, Perth, WA, AUS, 6005

Website

https://www.altanrio.com

Golden Horse Minerals Ltd Formerly Altan Rio Minerals Ltd is a junior mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resources properties. The company is focused on the development of the Goatfell Property. The property is located near Creston, British Columbia. It has one business segment, the exploration of exploration and evaluation assets.

Altan Rio Minerals (FRA:1AN) Headlines

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