PPX Mining (FRA:39S) Debt-to-Equity : 3.74 (As of Dec. 2023)

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What is PPX Mining Debt-to-Equity?

PPX Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.48 Mil. PPX Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4.29 Mil. PPX Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1.27 Mil. PPX Mining's debt to equity for the quarter that ended in Dec. 2023 was 3.74.

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 PPX Mining's Debt-to-Equity or its related term are showing as below:

FRA:39S' s Debt-to-Equity Range Over the Past 10 Years
Min: -13.72 Med: 0.44 Max: 12.93
Current: 3.74

During the past 13 years, the highest Debt-to-Equity Ratio of PPX Mining was 12.93. The lowest was -13.72. And the median was 0.44.

FRA:39S's Debt-to-Equity is ranked worse than
98.23% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:39S: 3.74

PPX Mining Debt-to-Equity Historical Data

The historical data trend for PPX Mining'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.

PPX Mining Debt-to-Equity Chart

PPX Mining Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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3.93

-13.73

-2.51

-4.40

4.06

PPX Mining 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															9.31	1.38	1.22	4.06	3.74

Competitive Comparison of PPX Mining's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, PPX Mining'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.

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

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

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

PPX Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PPX Mining's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.535	+	4.036)	/	1.126
	=	4.06

PPX Mining'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
	=	(0.476	+	4.285)	/	1.274
	=	3.74

PPX Mining (FRA:39S) 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.

PPX Mining Debt-to-Equity Related Terms

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

PPX Mining (FRA:39S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PPX Mining Corp (FRA:39S) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SNNGF:USA PPX:Peru PPX:Canada

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.ppxmining.com

PPX Mining Corp is a Canadian company. It is in the business of acquiring, exploring and evaluating mineral properties in areas which is a relatively high potential for mining success. The company is also involved in developing or joint venturing of mineral properties or disposing these properties when the evaluation is completed. It mainly focuses on mining activities which are on a long-term basis. The company is in the process of exploring mineral properties in Peru. It owns a gold and silver project, Igor which is located in the Northern Peru gold belt.

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