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Mantengu Mining (JSE:MTU) Debt-to-Equity : 0.08 (As of Feb. 2024)


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What is Mantengu Mining Debt-to-Equity?

Mantengu Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was R0.2 Mil. Mantengu Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was R7.9 Mil. Mantengu Mining's Total Stockholders Equity for the quarter that ended in Feb. 2024 was R99.4 Mil. Mantengu Mining's debt to equity for the quarter that ended in Feb. 2024 was 0.08.

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

JSE:MTU' s Debt-to-Equity Range Over the Past 10 Years
Min: -2   Med: -0.79   Max: 0.1
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Mantengu Mining was 0.10. The lowest was -2.00. And the median was -0.79.

JSE:MTU's Debt-to-Equity is ranked better than
59.07% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.13 vs JSE:MTU: 0.08

Mantengu Mining Debt-to-Equity Historical Data

The historical data trend for Mantengu 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.

Mantengu Mining Debt-to-Equity Chart

Mantengu Mining Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.79 -0.82 - 0.10 0.08

Mantengu Mining Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.10 0.13 0.08

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

For the Other Industrial Metals & Mining subindustry, Mantengu 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.


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

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

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



Mantengu Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mantengu Mining's Debt to Equity Ratio for the fiscal year that ended in Feb. 2024 is calculated as

Mantengu Mining's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

* 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.


Mantengu Mining  (JSE:MTU) 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.


Mantengu Mining Debt-to-Equity Related Terms

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


Mantengu Mining (JSE:MTU) Business Description

Traded in Other Exchanges
N/A
Address
5 Saint Michaels Lane, Bryanston, Sandton, Johannesburg, GT, ZAF, 2080
Mantengu Mining Ltd operates as a mining investment company. Its project comprises of Langpan project.

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