SWYDF (Stornoway Diamond) Debt-to-Equity: -3.12 (As of Jun. 2019)


What is Stornoway Diamond Debt-to-Equity?

Stornoway Diamond SWYDF Debt-to-Equity is -3.12 as of Jun. 2019.

Stornoway Diamond's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $27.0 Mil. Stornoway Diamond's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $218.2 Mil. Stornoway Diamond's Total Stockholders Equity for the quarter that ended in Jun. 2019 was $-78.7 Mil. Stornoway Diamond's debt to equity for the quarter that ended in Jun. 2019 was -3.12.

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

SWYDF'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.

Stornoway Diamond  (OTCPK:SWYDF) 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.

Stornoway Diamond Debt-to-Equity Related Terms

Stornoway Diamond Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Stornoway Diamond'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.

Stornoway Diamond Debt-to-Equity Chart

Stornoway Diamond Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.36 0.36 0.53 1.15

Stornoway Diamond Quarterly Data
Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 0.58 0.63 1.15 1.36 -3.12

SWYDF vs DYNR, CTDT: Debt-to-Equity Comparison

For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.

Stornoway Diamond Debt-to-Equity vs Metals & Mining Industry

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

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


Stornoway Diamond Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Stornoway Diamond'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
=(10.063 + 234.471) / 212.391
=1.15

Stornoway Diamond'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
=(26.983 + 218.238) / -78.651
=-3.12

* 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 -3.12 mean?
Stornoway Diamond (SWYDF) has a Debt-to-Equity of -3.12 as of Jun. 2019. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Stornoway Diamond and its competitors.
Is Stornoway Diamond's Debt-to-Equity too high?
Stornoway Diamond's current Debt-to-Equity is -3.12.
How does Stornoway Diamond's Debt-to-Equity compare to DYNR and CTDT?
Stornoway Diamond's Debt-to-Equity of -3.12 can be compared against companies in the Metals & Mining industry. The industry median Debt-to-Equity is 0.15. 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 1,220 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. 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 Stornoway Diamond 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. Stornoway Diamond's current Debt-to-Equity is -3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stornoway Diamond stock overvalued right now?
Stornoway Diamond (SWYDF) has a current Debt-to-Equity of -3.12. The current Debt-to-Equity is -3.12. 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 Stornoway Diamond (SWYDF), the current Debt-to-Equity is -3.12 as of Jun. 2019. 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.

Stornoway Diamond Business Description

Address 1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.