Tungsten West (LSE:TUN) Debt-to-Equity : 0.39 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Tungsten West Debt-to-Equity?

Tungsten West's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £6.76 Mil. Tungsten West's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £1.93 Mil. Tungsten West's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £22.20 Mil. Tungsten West's debt to equity for the quarter that ended in Sep. 2023 was 0.39.

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

LSE:TUN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.39 Max: 14.61
Current: 0.39

During the past 4 years, the highest Debt-to-Equity Ratio of Tungsten West was 14.61. The lowest was 0.04. And the median was 0.39.

LSE:TUN's Debt-to-Equity is ranked worse than
69.62% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:TUN: 0.39

Tungsten West Debt-to-Equity Historical Data

The historical data trend for Tungsten West'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.

Tungsten West Debt-to-Equity Chart

Tungsten West Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

4.20

6.77

0.04

0.07

Tungsten West Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			14.61	0.04	0.05	0.07	0.39

Competitive Comparison of Tungsten West's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Tungsten West'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.

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

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

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

Tungsten West Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tungsten West's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.115	+	1.902)	/	30.981
	=	0.07

Tungsten West's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(6.758	+	1.927)	/	22.201
	=	0.39

Tungsten West (LSE:TUN) 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.

Tungsten West Debt-to-Equity Related Terms

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

Tungsten West (LSE:TUN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

540:Germany

Address

Hemerdon Mine, Drakelands, Plympton, Plymouth, Devon, GBR, PL7 5BS

Website

https://www.tungstenwest.com

Tungsten West PLC owns and operates historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon, England. It has a compliant Mineral Resource of approximately 325Mt at 0.12 per cent. WO3. The company's main country of operation is the United Kingdom.

Tungsten West (LSE:TUN) Headlines

No Headlines