Fresnillo (FRA:FNL) Debt-to-Equity : 0.24 (As of Jun. 2024)

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What is Fresnillo Debt-to-Equity?

Fresnillo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €50 Mil. Fresnillo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €789 Mil. Fresnillo's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €3,561 Mil. Fresnillo's debt to equity for the quarter that ended in Jun. 2024 was 0.24.

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

FRA:FNL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.31 Max: 0.36
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Fresnillo was 0.36. The lowest was 0.24. And the median was 0.31.

FRA:FNL's Debt-to-Equity is ranked worse than
60.56% of 1245 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:FNL: 0.24

Fresnillo Debt-to-Equity Historical Data

The historical data trend for Fresnillo'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.

Fresnillo Debt-to-Equity Chart

Fresnillo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

0.36

0.35

0.25

Fresnillo Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.36	0.35	0.36	0.25	0.24

Competitive Comparison of Fresnillo's Debt-to-Equity

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

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

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

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

Fresnillo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fresnillo'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
	=	(71.019	+	799.17)	/	3458.788
	=	0.25

Fresnillo'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
	=	(49.939	+	788.551)	/	3560.696
	=	0.24

Fresnillo (FRA:FNL) 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.

Fresnillo Debt-to-Equity Related Terms

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

Fresnillo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fresnillo PLC (FRA:FNL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FNLPF:USA FRES:Mexico FRESl:UK FRES:UK FNL:Germany

Address

Calzada Legaria No. 549, Torre 2, Piso 11, Delegacion Miguel Hidalgo, Mexico, DF, MEX, 11250

Website

http://www.fresnilloplc.com

Fresnillo PLC is a company that specializes in silver mining and is the world's largest gold producer. They have six mines that are divided into seven operating segments. The Fresnillo, Juanicipio, and Saucito mines are some of the world's largest underground silver mines and are located in Zacatecas state. The Cirnega mine, an underground gold mine, is in Durango state. The San Julian mine is an underground silver-gold mine located on the border of Durango states. The Herradura, Soledad-Dipolos, and Noche Buena are open-pit gold mines located in Sonora state. Herradura and Saucito mines generate more than half of the group's revenue.

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