PolyMet Mining (TSX:POM) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is PolyMet Mining Debt-to-Equity?

PolyMet Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.09 Mil. PolyMet Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.10 Mil. PolyMet Mining's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$675.54 Mil. PolyMet Mining's debt to equity for the quarter that ended in Jun. 2023 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of PolyMet Mining was 1.33. The lowest was 0.00. And the median was 0.24.

TSX:POM's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

PolyMet Mining Debt-to-Equity Historical Data

The historical data trend for PolyMet Mining'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.

PolyMet Mining Debt-to-Equity Chart

PolyMet Mining Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.27

0.04

0.10

0.15

0.29

PolyMet Mining Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.21	0.24	0.29	0.30	-

Competitive Comparison of PolyMet Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, PolyMet Mining'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.

PolyMet Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

PolyMet Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PolyMet Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(128.403	+	0.278)	/	445.824
	=	0.29

PolyMet Mining's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.089	+	0.098)	/	675.541
	=	0.00

PolyMet Mining (TSX:POM) 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.

PolyMet Mining Debt-to-Equity Related Terms

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PolyMet Mining (TSX:POM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PolyMet Mining Corp (TSX:POM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

444 Cedar Street, Suite 2060, St. Paul, MN, USA, 55101

Website

https://www.polymetmining.com

PolyMet Mining Corp is engaged in the exploration and development of natural resource properties. The company's primary mineral property is the NorthMet Project, which is a polymetallic project in northeastern Minnesota, USA. The NorthMet Project comprises two key elements: the NorthMet deposit (or Mine Site) and the Erie Plant. The company ultimately plans to produce metals such as copper, nickel, cobalt, gold, silver, and platinum.