Elgin Mining (FRA:P22E) Debt-to-Equity : 0.11 (As of Jun. 2014)

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What is Elgin Mining Debt-to-Equity?

Elgin Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was €4.09 Mil. Elgin Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was €1.96 Mil. Elgin Mining's Total Stockholders Equity for the quarter that ended in Jun. 2014 was €55.00 Mil. Elgin Mining's debt to equity for the quarter that ended in Jun. 2014 was 0.11.

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

FRA:P22E' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: 0.11

FRA:P22E's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs FRA:P22E: 0.11

Elgin Mining Debt-to-Equity Historical Data

The historical data trend for Elgin 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.

Elgin Mining Debt-to-Equity Chart

Elgin Mining Annual Data

Trend

Mar07

Mar08

Dec09

Dec10

Dec11

Dec12

Dec13

Debt-to-Equity

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0.01

0.10

Elgin Mining Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.10	0.10	0.10	0.11

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

For the Gold subindustry, Elgin 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.

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

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

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

Elgin Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elgin Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2013 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
	=	(0.868	+	5.579)	/	62.273
	=	0.10

Elgin Mining's Debt to Equity Ratio for the quarter that ended in Jun. 2014 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
	=	(4.088	+	1.961)	/	55.003
	=	0.11

Elgin Mining (FRA:P22E) 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.

Elgin Mining Debt-to-Equity Related Terms

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Elgin Mining (FRA:P22E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elgin Mining Inc (FRA:P22E) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.elginmining.com

Elgin Mining, Inc. was incorporated under the Business Corporations Act (Alberta) on February 8, 2007 under the name "Marimba Capital Corp.". The Company is a Canadian gold-focused company that is engaged in the operation, development, exploration, evaluation and acquisition of gold properties in the politically stable jurisdictions of Sweden and Canada. The Company's mining material mineral properties are the Bjorkdal Mine located in northern Sweden and the Lupin Mine located in Nunavut, Canada.

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