Sail Mining Group (JSE:SGP) Debt-to-Equity: -34.76 (As of Aug. 2021)

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What is Sail Mining Group Debt-to-Equity?

Sail Mining Group JSE:SGP Debt-to-Equity is -34.76 as of Aug. 2021.

Sail Mining Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2021 was R431 Mil. Sail Mining Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2021 was R105 Mil. Sail Mining Group's Total Stockholders Equity for the quarter that ended in Aug. 2021 was R-15 Mil. Sail Mining Group's debt to equity for the quarter that ended in Aug. 2021 was -34.76.

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

JSE:SGP's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Sail Mining Group  (JSE:SGP) 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.

Sail Mining Group Debt-to-Equity Related Terms

Sail Mining Group Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Sail Mining Group'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.

Sail Mining Group Debt-to-Equity Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 1.62 1.20 2.41 5.46

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
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 2.05 2.41 3.62 5.46 -34.76

JSE:SGP vs BHPBF: Debt-to-Equity Comparison

For the Other Industrial Metals & Mining subindustry, Sail Mining Group'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.

Sail Mining Group Debt-to-Equity vs Metals & Mining Industry

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

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


Sail Mining Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sail Mining Group's Debt to Equity Ratio for the fiscal year that ended in Feb. 2021 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
=(482.835 + 394.666) / 160.765
=5.46

Sail Mining Group's Debt to Equity Ratio for the quarter that ended in Aug. 2021 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
=(430.747 + 105.495) / -15.429
=-34.76

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -34.76 mean?
Sail Mining Group (JSE:SGP) has a Debt-to-Equity of -34.76 as of Aug. 2021. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's Debt-to-Equity too high?
Sail Mining Group's current Debt-to-Equity is -34.76.
How does Sail Mining Group's Debt-to-Equity compare to BHPBF?
Sail Mining Group's Debt-to-Equity of -34.76 can be compared against companies in the Metals & Mining industry. The industry median Debt-to-Equity is 0.13. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.13, based on 1,229 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sail Mining Group and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sail Mining Group's current Debt-to-Equity is -34.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current Debt-to-Equity of -34.76. The current Debt-to-Equity is -34.76. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Sail Mining Group (JSE:SGP), the current Debt-to-Equity is -34.76 as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.