Strategic Minerals (LSE:SML) Debt-to-Equity : 0.04 (As of Jun. 2023)

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What is Strategic Minerals Debt-to-Equity?

Strategic Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.17 Mil. Strategic Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.18 Mil. Strategic Minerals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £10.22 Mil. Strategic Minerals's debt to equity for the quarter that ended in Jun. 2023 was 0.03.

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

LSE:SML' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.21
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Strategic Minerals was 0.21. The lowest was 0.01. And the median was 0.05.

LSE:SML's Debt-to-Equity is ranked better than
70.44% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:SML: 0.04

Strategic Minerals Debt-to-Equity Historical Data

The historical data trend for Strategic Minerals'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.

Strategic Minerals Debt-to-Equity Chart

Strategic Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.21

0.01

0.05

Strategic Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.05	0.05	0.05	0.04

Competitive Comparison of Strategic Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Strategic Minerals'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.

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

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

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

Strategic Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Strategic Minerals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.232	+	0.25)	/	10.544
	=	0.05

Strategic Minerals's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.171	+	0.182)	/	10.219
	=	0.03

Strategic Minerals (LSE:SML) 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.

Strategic Minerals Debt-to-Equity Related Terms

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

Strategic Minerals (LSE:SML) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

27/28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.strategicminerals.net

Strategic Minerals PLC is a UK-based mineral production and development company. The principal business activity of the company is the exploration, development, and operation of mining projects. Its operating segments include Southern Minerals Group LLC (SMG), Head Office, Development Asset, and United Kingdom. It derives a majority of the revenue from the SMG segment that is involved in the sale of magnetite to both the US domestic market and historically transported magnetite to port for onward export sale.

Strategic Minerals (LSE:SML) Headlines

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