Kinross Gold (FRA:KIN2) Debt-to-Equity : 0.26 (As of Sep. 2024)

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What is Kinross Gold Debt-to-Equity?

Kinross Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €405 Mil. Kinross Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €1,126 Mil. Kinross Gold's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €5,988 Mil. Kinross Gold's debt to equity for the quarter that ended in Sep. 2024 was 0.26.

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

FRA:KIN2' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.4 Max: 0.51
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Kinross Gold was 0.51. The lowest was 0.22. And the median was 0.40.

FRA:KIN2's Debt-to-Equity is ranked worse than
61.9% of 1252 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:KIN2: 0.26

Kinross Gold Debt-to-Equity Historical Data

The historical data trend for Kinross Gold'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.

Kinross Gold Debt-to-Equity Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.36

0.30

0.26

0.45

0.37

Kinross Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.40	0.37	0.37	0.32	0.26

Competitive Comparison of Kinross Gold's Debt-to-Equity

For the Gold subindustry, Kinross Gold'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.

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

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

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

Kinross Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kinross Gold'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
	=	(9.262	+	2063.342)	/	5578.753
	=	0.37

Kinross Gold's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(405.18	+	1126.25)	/	5987.956
	=	0.26

Kinross Gold (FRA:KIN2) 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.

Kinross Gold Debt-to-Equity Related Terms

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

Kinross Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (FRA:KIN2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KGC:USA KGC:Mexico 0R2D:UK KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.

Kinross Gold Headlines

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