Sirius Minerals (Sirius Minerals) Debt-to-Equity : 0.58 (As of Jun. 2019)

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What is Sirius Minerals Debt-to-Equity?

Sirius Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $639.67 Mil. Sirius Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $11.15 Mil. Sirius Minerals's Total Stockholders Equity for the quarter that ended in Jun. 2019 was $1,131.94 Mil. Sirius Minerals's debt to equity for the quarter that ended in Jun. 2019 was 0.57.

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

SRUXY's Debt-to-Equity is not ranked ^*
in the Agriculture industry.
Industry Median: 0.37
* Ranked among companies with meaningful Debt-to-Equity only.

Sirius Minerals Debt-to-Equity Historical Data

The historical data trend for Sirius 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.

* Premium members only.

Sirius Minerals Debt-to-Equity Chart

Sirius Minerals Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Dec16

Dec17

Dec18

Debt-to-Equity

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0.04

0.01

0.65

0.49

0.34

Sirius Minerals Semi-Annual Data
	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
Debt-to-Equity	Get a 7-Day Free Trial															0.76	0.49	0.55	0.34	0.58

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

For the Agricultural Inputs subindustry, Sirius 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.

Sirius Minerals's Debt-to-Equity Distribution in the Agriculture Industry

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

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

Sirius Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sirius Minerals's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(248.354	+	0)	/	727.342
	=	0.34

Sirius Minerals's Debt to Equity Ratio for the quarter that ended in Jun. 2019 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
	=	(639.67	+	11.153)	/	1131.939
	=	0.57

Sirius Minerals (OTCPK:SRUXY) 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.

Sirius Minerals Debt-to-Equity Related Terms

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Sirius Minerals (Sirius Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sirius Minerals PLC (OTCPK:SRUXY) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

68 Haymarket, Third Floor, Greener House, London, GBR, SW1Y 4RF

Website

http://www.siriusminerals.com

Sirius Minerals PLC is a producer of multi-nutrient fertilizers. The company is currently organized into one business division: the UK segment. Under its UK segment, the firm conducts North Yorkshire polyhalite project related activities and the corporate operations. POLY4 is the trademark name of all polyhalite products from the company. The company operates its business mainly in the United Kingdom.

Sirius Minerals (Sirius Minerals) Headlines

From GuruFocus

Sirius Minerals: Financing will be a serious challenge

By Bronte Capital Bronte Capital • 07-02-2015