Thungela Resources (Thungela Resources) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Thungela Resources Debt-to-Equity?

Thungela Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5 Mil. Thungela Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2 Mil. Thungela Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,321 Mil. Thungela Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

TNGRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.27
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Thungela Resources was 0.27. The lowest was 0.01. And the median was 0.01.

TNGRF's Debt-to-Equity is ranked better than
99.21% of 126 companies
in the Other Energy Sources industry
Industry Median: 0.195 vs TNGRF: 0.01

Thungela Resources Debt-to-Equity Historical Data

The historical data trend for Thungela 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.

Thungela Resources Debt-to-Equity Chart

Thungela Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.27

0.01

Thungela Resources Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.01	0.01	0.01	0.01	0.01

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

For the Thermal Coal subindustry, Thungela 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.

Thungela Resources's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Thungela Resources's Debt-to-Equity distribution charts can be found below:

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

Thungela Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thungela Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(5.367	+	1.717)	/	1320.735
	=	0.01

Thungela Resources's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(5.367	+	1.717)	/	1320.735
	=	0.01

Thungela Resources (OTCPK:TNGRF) 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.

Thungela Resources Debt-to-Equity Related Terms

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

Thungela Resources (Thungela Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Thungela Resources Ltd (OTCPK:TNGRF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

TGA:South Africa TGAl:UK TGA:UK 6UP:Germany

Address

25 Bath Avenue, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.thungela.com

Thungela Resources Ltd is a pure-play producer and exporter of thermal coal in South Africa. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa.

Thungela Resources (Thungela Resources) Headlines

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By GuruFocus Research • 09-20-2023