PRMLF (Premium Resources) Debt-to-Equity : -5.58 (As of Dec. 2024)

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What is Premium Resources Debt-to-Equity?

Premium Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil. Premium Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $13.50 Mil. Premium Resources's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $-2.42 Mil. Premium Resources's debt to equity for the quarter that ended in Dec. 2024 was -5.58.

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

PRMLF' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.58 Med: 0.37 Max: 2.03
Current: -5.58

During the past 6 years, the highest Debt-to-Equity Ratio of Premium Resources was 2.03. The lowest was -5.58. And the median was 0.37.

PRMLF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.14 vs PRMLF: -5.58

Premium Resources Debt-to-Equity Historical Data

The historical data trend for Premium Resources'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.

Premium Resources Debt-to-Equity Chart

Premium Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.37

2.03

-5.58

Premium Resources Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial												2.03	0.42	1.07	2.55	-5.58

Competitive Comparison of Premium Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Premium Resources'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 Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

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Premium Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Premium Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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	+	13.497)	/	-2.419
	=	-5.58

Premium Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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	+	13.497)	/	-2.419
	=	-5.58

Premium Resources (OTCPK:PRMLF) 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 Resources Debt-to-Equity Related Terms

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

Premium Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premium Resources Ltd (OTCPK:PRMLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

R10:Germany PREM:Canada

Address

100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.premiumresources.com

Premium Resources Ltd is a mineral exploration and development company focused on discovering and advancing high-quality copper- nickel-cobalt-platinum element metals (Cu- Ni-Co-PGE) resources. The principal assets of the company are the Selebi and Selebi North nickel-copper-cobalt ("Ni-Cu-Co") mines (the "Selebi Mines") in Botswana and related infrastructure (together, the "Selebi Assets"), as well as the nickel, copper, cobalt, platinum-group elements ("Ni-Cu-Co-PGE") Selkirk mine (the "Selkirk Mine") in Botswana. It manages a global portfolio, including the 100% owned Maniitsoq project in Greenland and the Post-Creek and Halcyon projects in Northern Ontario, Canada.

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