PMMEF (Premium Exploration) Debt-to-Equity: 0.44 (As of Sep. 2014)

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Director of Data and Quant Analytics at GuruFocus
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What is Premium Exploration Debt-to-Equity?

Premium Exploration PMMEF -90.00% Debt-to-Equity is 0.44 as of Sep. 2014.

Premium Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2014 was $0.40 Mil. Premium Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2014 was $0.00 Mil. Premium Exploration's Total Stockholders Equity for the quarter that ended in Sep. 2014 was $0.91 Mil. Premium Exploration's debt to equity for the quarter that ended in Sep. 2014 was 0.44.

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

PMMEF's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.15
* Ranked among companies with meaningful Debt-to-Equity only.

Premium Exploration  (OTCPK:PMMEF) 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.

Premium Exploration Debt-to-Equity Related Terms

Premium Exploration Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Premium Exploration'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 Exploration Debt-to-Equity Chart

Premium Exploration Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.00 0.05 0.10 0.23 0.12

Premium Exploration Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.12 0.17 0.20 0.44

Premium Exploration Debt-to-Equity Competitor Comparison

For the Other Precious Metals & Mining subindustry, Premium Exploration'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.

Premium Exploration Debt-to-Equity vs Metals & Mining Industry

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

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


Premium Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Premium Exploration's Debt to Equity Ratio for the fiscal year that ended in Dec. 2013 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
=(0.28 + 0) / 2.31
=0.12

Premium Exploration's Debt to Equity Ratio for the quarter that ended in Sep. 2014 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
=(0.402 + 0) / 0.912
=0.44

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.44 mean?
Premium Exploration (PMMEF) has a Debt-to-Equity of 0.44 as of Sep. 2014. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Premium Exploration and its competitors.
Is Premium Exploration's Debt-to-Equity too high?
Premium Exploration's current Debt-to-Equity is 0.44. The Metals & Mining industry median Debt-to-Equity is 0.15. Premium Exploration's value of 0.44 is 193.3% above this industry median.
How does Premium Exploration's Debt-to-Equity compare to competitors?
Premium Exploration's Debt-to-Equity of 0.44 can be compared against companies in the Metals & Mining industry. The industry median Debt-to-Equity is 0.15. Premium Exploration's value of 0.44 is 193.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,218 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Premium Exploration's current Debt-to-Equity of 0.44 is 193.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Premium Exploration and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Premium Exploration's current Debt-to-Equity is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premium Exploration stock overvalued right now?
Premium Exploration (PMMEF) has a current Debt-to-Equity of 0.44. The current Debt-to-Equity is 0.44 and 193.3% above the Metals & Mining industry median of 0.15. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Premium Exploration (PMMEF), the current Debt-to-Equity is 0.44 as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Premium Exploration Business Description

Address 254 W. Hanley Avenue, Suite A, Coeur d\'Alene, ID, USA, 83815
Premium Exploration Inc is a mineral exploration company operating in Canada. It mainly explores and develops precious metal properties. The company owns an interest in the Idaho Gold Project, which includes Buffalo Gulch Zone, the Deadwood Zone, the Friday Zone, the Project X Zone, the Monday Zone and the Lucky Strike Zone. It also holds exploration interest in Chrome Mountain Property.