Fortress Minerals (SGX:OAJ) Debt-to-Equity : 0.20 (As of Aug. 2023)

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What is Fortress Minerals Debt-to-Equity?

Fortress Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was S$11.67 Mil. Fortress Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was S$6.98 Mil. Fortress Minerals's Total Stockholders Equity for the quarter that ended in Aug. 2023 was S$95.55 Mil. Fortress Minerals's debt to equity for the quarter that ended in Aug. 2023 was 0.20.

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

SGX:OAJ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.43
Current: 0.14

During the past 9 years, the highest Debt-to-Equity Ratio of Fortress Minerals was 0.43. The lowest was 0.01. And the median was 0.09.

SGX:OAJ's Debt-to-Equity is ranked better than
78.34% of 554 companies
in the Steel industry
Industry Median: 0.43 vs SGX:OAJ: 0.14

Fortress Minerals Debt-to-Equity Historical Data

The historical data trend for Fortress Minerals'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.

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Fortress Minerals Debt-to-Equity Chart

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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0.02

0.05

0.43

0.25

0.14

Fortress Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.25	0.21	0.20	0.14

Competitive Comparison of Fortress Minerals's Debt-to-Equity

For the Steel subindustry, Fortress Minerals'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.

Fortress Minerals's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Fortress Minerals's Debt-to-Equity distribution charts can be found below:

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

Fortress Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fortress Minerals's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(11.04	+	2.856)	/	97.148
	=	0.14

Fortress Minerals's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(11.671	+	6.979)	/	95.552
	=	0.20

Fortress Minerals (SGX:OAJ) 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.

Fortress Minerals Debt-to-Equity Related Terms

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Fortress Minerals (SGX:OAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

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