Harvest Minerals (Harvest Minerals) Debt-to-Equity : 0.20 (As of Jun. 2023)

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What is Harvest Minerals Debt-to-Equity?

Harvest Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.34 Mil. Harvest Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.87 Mil. Harvest Minerals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $6.11 Mil. Harvest Minerals's debt to equity for the quarter that ended in Jun. 2023 was 0.20.

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

HMIFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.2
Current: 0.2

During the past 9 years, the highest Debt-to-Equity Ratio of Harvest Minerals was 0.20. The lowest was 0.03. And the median was 0.10.

HMIFF's Debt-to-Equity is ranked better than
64.06% of 217 companies
in the Agriculture industry
Industry Median: 0.35 vs HMIFF: 0.20

Harvest Minerals Debt-to-Equity Historical Data

The historical data trend for Harvest 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.

Harvest Minerals Debt-to-Equity Chart

Harvest Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.03

Harvest Minerals Semi-Annual Data
	Jun14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial													-	0.03	0.17	0.03	0.20

Competitive Comparison of Harvest Minerals's Debt-to-Equity

For the Agricultural Inputs subindustry, Harvest 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.

Harvest Minerals's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Harvest Minerals's Debt-to-Equity distribution charts can be found below:

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

Harvest Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harvest Minerals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.036	+	0.13)	/	6.555
	=	0.03

Harvest Minerals's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.344	+	0.869)	/	6.113
	=	0.20

Harvest Minerals (OTCPK:HMIFF) 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.

Harvest Minerals Debt-to-Equity Related Terms

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Harvest Minerals (Harvest Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Harvest Minerals Ltd (OTCPK:HMIFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HMI:UK 7HM:Germany

Address

22 Lindsay Street, Perth, WA, AUS, 6000

Website

https://www.harvestminerals.net

Harvest Minerals Ltd operates as a mineral exploration company in Brazil. It explores phosphate and potash fertilizers. The Group has four principal fertilizer projects - the Sergi Potash Project, the Capela Potash Project, the Arapua Fertilizer Project, and the Mandacaru Phosphate Project. It has two geographical segments: Australia and Brazil, of which the majority of the revenue comes from Brazil.

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