Noranda Aluminum Holding (Noranda Aluminum Holding) Debt-to-Equity : -4.17 (As of Dec. 2015)

View and export this data going back to 2010. Start your Free Trial

What is Noranda Aluminum Holding Debt-to-Equity?

Noranda Aluminum Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2015 was $742 Mil. Noranda Aluminum Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2015 was $0 Mil. Noranda Aluminum Holding's Total Stockholders Equity for the quarter that ended in Dec. 2015 was $-178 Mil. Noranda Aluminum Holding's debt to equity for the quarter that ended in Dec. 2015 was -4.17.

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 Noranda Aluminum Holding's Debt-to-Equity or its related term are showing as below:

NORNQ'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.

Noranda Aluminum Holding Debt-to-Equity Historical Data

The historical data trend for Noranda Aluminum Holding'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.

Noranda Aluminum Holding Debt-to-Equity Chart

Noranda Aluminum Holding Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Debt-to-Equity

Get a 7-Day Free Trial

1.69

4.07

4.67

10.11

-4.17

Noranda Aluminum Holding Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Debt-to-Equity	Get a 7-Day Free Trial															10.11	10.18	15.97	-5.22	-4.17

Competitive Comparison of Noranda Aluminum Holding's Debt-to-Equity

For the Aluminum subindustry, Noranda Aluminum Holding'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.

Noranda Aluminum Holding's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Noranda Aluminum Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Noranda Aluminum Holding's Debt to Equity Ratio for the fiscal year that ended in Dec. 2015 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
	=	(742.3	+	0)	/	-177.9
	=	-4.17

Noranda Aluminum Holding's Debt to Equity Ratio for the quarter that ended in Dec. 2015 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
	=	(742.3	+	0)	/	-177.9
	=	-4.17

Noranda Aluminum Holding (OTCPK:NORNQ) 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.

Noranda Aluminum Holding Debt-to-Equity Related Terms

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

Noranda Aluminum Holding (Noranda Aluminum Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Aluminum Holding Corp (OTCPK:NORNQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Crescent Centre Drive, Suite 600, Franklin, TN, USA, 37067

Website

http://www.norandaaluminum.com

Noranda Aluminum Holding Corporation is an integrated producer of value-added primary aluminum products and rolled aluminum coils. The company's downstream business is one of the largest aluminum foil producers in North America. Its upstream business is a large producer of primary aluminum in the U.S.

Executives

Richard B Evans	director	C/O BOATWATER INC, 55 EAST CAMPERDOWN WAY, GREENVILLE SC 29601
Ronald S Rolfe	director	825 8TH AVENUE, 38TH FLOOR, NEW YORK NY 10019
Carl J Rickertsen	director	MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Alan H Schumacher	director	C/O QUALITY DISTRIBUTION, INC., 4041 PARK OAKS BOULEVARD, SUITE 200, TAMPA FL 33610
Gail E Lehman	officer: Gen Counsel/Sec/Chief Adm Off	801 CRESCENT CENTRE DRIVE, SUITE 600, FRANKLIN TN 37067
Thomas R Miklich	director	C/O OM GROUP INC 50 PACIFIC SQUARE #3500 CLEVELAND OH 44113
Dale W Boyles	officer: Chief Financial Officer	1000 EAST HANES MILL ROAD, WINSTON-SALEM NC 27105
Pasquale Fiore	director	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Apollo Principal Holdings I Gp, Llc	10 percent owner	TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577
Apollo Investment Fund Vi L P	10 percent owner	2 MANHATTAVILLE RD, PURCHASE NY 10577
Apollo International Management Gp, Llc	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019
Apollo International Management, L.p.	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Management Vi, L.p.	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Aif Vi Management, Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Management Gp, Llc	10 percent owner	TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577

Noranda Aluminum Holding (Noranda Aluminum Holding) Headlines

From GuruFocus

Noranda Aluminum Holding (NOR) CFO Robert B Mahoney buys 10,000 Shares

By GuruFocus Research GuruFocus Editor • 12-15-2010

Noranda Aluminum Holding Corp. Insider Buys 196,000 shares

By Jennifer Chiou Jennifer Chiou • 07-24-2015

Royce Opportunity Fund's Semiannual Letter to Shareholders

By Cody Eustice Cody Eustice • 09-17-2015

Hotchkis & Wiley keeps on buying Noranda Aluminum

By Tiziano Frateschi Tiziano Frateschi • 06-11-2015