Perseus Mining (TSX:PRU) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Perseus Mining Debt-to-Equity?

Perseus Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$2 Mil. Perseus Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$2 Mil. Perseus Mining's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$2,166 Mil. Perseus Mining's debt to equity for the quarter that ended in Jun. 2024 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 Perseus 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 Perseus Mining was 0.25. The lowest was 0.00. And the median was 0.06.

TSX:PRU'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.

Perseus Mining Debt-to-Equity Historical Data

The historical data trend for Perseus 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.

Perseus Mining Debt-to-Equity Chart

Perseus Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.25

0.13

0.06

Perseus Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.06	-	-	-	-

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

For the Gold subindustry, Perseus 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.

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

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

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

Perseus Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Perseus Mining's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(2.328	+	2.085)	/	2165.771
	=	0.00

Perseus Mining's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(2.328	+	2.085)	/	2165.771
	=	0.00

Perseus Mining (TSX:PRU) 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.

Perseus Mining Debt-to-Equity Related Terms

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Perseus Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Perseus Mining Ltd (TSX:PRU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PMNXF:USA 0TXW:UK P4Q:Germany P4Q:Germany P4Q:Germany PRU:Australia

Address

437 Roberts Road, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.perseusmining.com

Perseus is an Australia-based gold miner. It sold around 510,000 ounces of gold in fiscal 2024 from its three majority-owned mines in West Africa. Founded in 2004, Perseus bought all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 70%-owned Meyas Sand gold project in Sudan in 2022 and its 80%-owned Nyanzaga gold project in Tanzania in fiscal 2024. Excluding Meyas Sand, where development is on hold due to armed conflict in Sudan, it had about six years of reserves at the end of fiscal 2024. We forecast it sells about 480,000 ounces of gold in fiscal 2025.