Anglo Asian Mining (LSE:AAZ) Debt-to-Equity : 0.27 (As of Jun. 2024)

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What is Anglo Asian Mining Debt-to-Equity?

Anglo Asian Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £12.10 Mil. Anglo Asian Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £5.30 Mil. Anglo Asian Mining's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £63.45 Mil. Anglo Asian Mining's debt to equity for the quarter that ended in Jun. 2024 was 0.27.

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

LSE:AAZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 0.63
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Anglo Asian Mining was 0.63. The lowest was 0.02. And the median was 0.13.

LSE:AAZ's Debt-to-Equity is ranked worse than
62.73% of 1280 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:AAZ: 0.27

Anglo Asian Mining Debt-to-Equity Historical Data

The historical data trend for Anglo Asian 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.

Anglo Asian Mining Debt-to-Equity Chart

Anglo Asian Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.02

0.03

0.02

0.27

Anglo Asian Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.02	0.02	0.27	0.27

Competitive Comparison of Anglo Asian Mining's Debt-to-Equity

For the Gold subindustry, Anglo Asian 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.

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

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

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

Anglo Asian Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Anglo Asian Mining'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
	=	(11.205	+	7.127)	/	66.998
	=	0.27

Anglo Asian Mining's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(12.097	+	5.295)	/	63.451
	=	0.27

Anglo Asian Mining (LSE:AAZ) 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.

Anglo Asian Mining Debt-to-Equity Related Terms

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

Anglo Asian Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglo Asian Mining PLC (LSE:AAZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AGXKF:USA AAZ.GB:UK A4A:Germany

Address

2 Izmir Street, 3rd Floor, Tower 2, Hyatt Regency Business Centre, Baku, AZE, AZ1065

Website

https://www.angloasianmining.com

Anglo Asian Mining PLC owns and operates gold, silver, and copper producing properties in the Republic of Azerbaijan. It has a substantial portfolio of greenfield assets in areas such as Gilar, Zafar, Xarxar, Garadag, and others all of them hosting substantial ore deposits. The company's mining operations mainly comprise its producing assets, the Gedabek and Gadir mines, and related exploration and development at its Gedabek mining concession. Its revenue consists of sales to third parties of gold contained within dore, gold and silver bullion to its refiners, and gold and copper concentrate. Key revenue is generated from the sales of gold within dore and gold bullion.

Anglo Asian Mining Headlines

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