Antofagasta (LSE:ANTO) Debt-to-Equity : 0.59 (As of Jun. 2024)

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What is Antofagasta Debt-to-Equity?

Antofagasta's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £1,140 Mil. Antofagasta's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £3,001 Mil. Antofagasta's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £7,063 Mil. Antofagasta's debt to equity for the quarter that ended in Jun. 2024 was 0.59.

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

LSE:ANTO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.38 Max: 0.59
Current: 0.59

During the past 13 years, the highest Debt-to-Equity Ratio of Antofagasta was 0.59. The lowest was 0.34. And the median was 0.38.

LSE:ANTO's Debt-to-Equity is ranked worse than
77.78% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:ANTO: 0.59

Antofagasta Debt-to-Equity Historical Data

The historical data trend for Antofagasta'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.

Antofagasta Debt-to-Equity Chart

Antofagasta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.37

0.48

0.38

0.46

Antofagasta 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															0.45	0.38	0.38	0.46	0.59

Competitive Comparison of Antofagasta's Debt-to-Equity

For the Copper subindustry, Antofagasta'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.

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

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

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

Antofagasta Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Antofagasta'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
	=	(712.501	+	2508.092)	/	7072.001
	=	0.46

Antofagasta'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
	=	(1139.779	+	3001.105)	/	7063.31
	=	0.59

Antofagasta (LSE:ANTO) 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.

Antofagasta Debt-to-Equity Related Terms

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Antofagasta Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ANFGF:USA ANTOl:UK FG1:Germany

Address

103 Mount Street, London, GBR, W1K 2TJ

Website

https://www.antofagasta.co.uk

Antofagasta PLC is a Chilean copper mining company. The company operates four copper mines in Chile, two of which produce significant volumes of by-products. The company also has a portfolio of growth opportunities located mainly in Chile. In addition to mining, the company has a transport division providing rail and road cargo services in northern Chile to mining customers. All of the company's operations are located in the Antofagasta Region of northern Chile except for its flagship operation, Los Pelambres, which is in the Coquimbo Region of central Chile. The operating business segments are Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division. The Los Pelambres segment drives maximum revenue.

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