Resurgere Mines & Minerals India (NSE:RMMIL) Debt-to-Equity : 0.40 (As of Mar. 2018)

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What is Resurgere Mines & Minerals India Debt-to-Equity?

Resurgere Mines & Minerals India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was ₹1,090.51 Mil. Resurgere Mines & Minerals India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was ₹82.62 Mil. Resurgere Mines & Minerals India's Total Stockholders Equity for the quarter that ended in Mar. 2018 was ₹2,925.07 Mil. Resurgere Mines & Minerals India's debt to equity for the quarter that ended in Mar. 2018 was 0.40.

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 Resurgere Mines & Minerals India's Debt-to-Equity or its related term are showing as below:

NSE:RMMIL'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.

Resurgere Mines & Minerals India Debt-to-Equity Historical Data

The historical data trend for Resurgere Mines & Minerals India'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.

Resurgere Mines & Minerals India Debt-to-Equity Chart

Resurgere Mines & Minerals India Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Debt-to-Equity

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0.23

0.26

0.29

0.34

0.40

Resurgere Mines & Minerals India Semi-Annual Data
	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18
Debt-to-Equity	Get a 7-Day Free Trial						0.23	0.26	0.29	0.34	0.40

Competitive Comparison of Resurgere Mines & Minerals India's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Resurgere Mines & Minerals India'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.

Resurgere Mines & Minerals India's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Resurgere Mines & Minerals India's Debt-to-Equity falls into.

Resurgere Mines & Minerals India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Resurgere Mines & Minerals India's Debt to Equity Ratio for the fiscal year that ended in Mar. 2018 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
	=	(1090.509	+	82.624)	/	2925.07
	=	0.40

Resurgere Mines & Minerals India's Debt to Equity Ratio for the quarter that ended in Mar. 2018 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
	=	(1090.509	+	82.624)	/	2925.07
	=	0.40

Resurgere Mines & Minerals India (NSE:RMMIL) 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.

Resurgere Mines & Minerals India Debt-to-Equity Related Terms

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Resurgere Mines & Minerals India (NSE:RMMIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resurgere Mines & Minerals India Ltd (NSE:RMMIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15, Morvi House, 28/30, Goa Street, Ballard Estate, 1st Floor, Mumbai, MH, IND, 400038

Website

http://www.resurgere.in

Resurgere Mines & Minerals India Ltd is engaged in extraction, processing, and sale of iron ore, bauxite and soapstone products and exploration & development of mining assets. The company's products portfolio consists of Lump Ore, Size Ore, Calibrated Lump Ore, Iron Ore Fines, and Bauxite. It operates two mines contracts, Iron Ore mine situated at Satarda and Bauxite mine situated at Mahalmiriya. It owns two mines, Soapstone mine situated at Dhelana in the state of Rajasthan and Bauxite mine situated at Yelwan Jugai, Maharashtra. Majority of the revenue is derived from its only segment Mining & Trading of Minerals.

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