Eastern Platinum (JSE:EPS) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Eastern Platinum Debt-to-Equity?

Eastern Platinum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R18 Mil. Eastern Platinum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R1 Mil. Eastern Platinum's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R1,591 Mil. Eastern Platinum's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

JSE:EPS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.07
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Eastern Platinum was 0.07. The lowest was 0.00. And the median was 0.03.

JSE:EPS's Debt-to-Equity is ranked better than
99.92% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs JSE:EPS: 0.01

Eastern Platinum Debt-to-Equity Historical Data

The historical data trend for Eastern Platinum'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.

Eastern Platinum Debt-to-Equity Chart

Eastern Platinum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.03

0.07

0.02

Eastern Platinum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.03	0.02	0.02	0.01

Competitive Comparison of Eastern Platinum's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Eastern Platinum'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.

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

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

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

Eastern Platinum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eastern Platinum'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
	=	(26.31	+	1.174)	/	1641.233
	=	0.02

Eastern Platinum's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(17.566	+	1.074)	/	1591.376
	=	0.01

Eastern Platinum (JSE:EPS) 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.

Eastern Platinum Debt-to-Equity Related Terms

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

Eastern Platinum (JSE:EPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eastern Platinum Ltd (JSE:EPS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ELRFF:USA E9P1:Germany ELR:Canada

Address

1188 West Georgia Street, Suite 1080, Vancouver, BC, CAN, V6E 4A2

Website

https://www.eastplats.com

Eastern Platinum Ltd owns, directly and indirectly, a number of PGM and chrome assets in the Republic of South Africa. All of the company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. It has three segments CRM, Eastern Limb and Corporate. Operations at the Crocodile River Mine include re-mining and processing its tailings resource, with an offtake of the chrome concentrate to Union Goal from the Zandfontein UG2 tailings facility and the processing and extraction of platinum group metals.

Eastern Platinum (JSE:EPS) Headlines

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