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First Andes Silver (TSXV:FAS) Debt-to-Equity : 0.09 (As of Nov. 2023)


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What is First Andes Silver Debt-to-Equity?

First Andes Silver's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.19 Mil. First Andes Silver's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil. First Andes Silver's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$2.23 Mil. First Andes Silver's debt to equity for the quarter that ended in Nov. 2023 was 0.09.

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 First Andes Silver's Debt-to-Equity or its related term are showing as below:

TSXV:FAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.09
Current: 0.09

During the past 2 years, the highest Debt-to-Equity Ratio of First Andes Silver was 0.09. The lowest was 0.01. And the median was 0.02.

TSXV:FAS's Debt-to-Equity is ranked better than
56.24% of 1314 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:FAS: 0.09

First Andes Silver Debt-to-Equity Historical Data

The historical data trend for First Andes Silver'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.

First Andes Silver Debt-to-Equity Chart

First Andes Silver Annual Data
Trend Feb22 Feb23
Debt-to-Equity
- 0.01

First Andes Silver Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - 0.01 0.01 0.04 0.09

Competitive Comparison of First Andes Silver's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, First Andes Silver'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.


First Andes Silver's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where First Andes Silver's Debt-to-Equity falls into.



First Andes Silver Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Andes Silver's Debt to Equity Ratio for the fiscal year that ended in Feb. 2023 is calculated as

First Andes Silver's Debt to Equity Ratio for the quarter that ended in Nov. 2023 is calculated as

* 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.


First Andes Silver  (TSXV:FAS) 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.


First Andes Silver Debt-to-Equity Related Terms

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


First Andes Silver (TSXV:FAS) Business Description

Traded in Other Exchanges
Address
1100 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5
Mantaro Precious Metals Corp holds a diversified portfolio of gold and silver-focused mineral properties in Bolivia and Peru. The company holds an option to acquire up to an 80% interest in the advanced Golden Hill Property (Golden Hill), located in the underexplored, orogenic Bolivia Shield, Bolivia. It also holds 100% interest in high-grade Santas Gloria Silver Property as well as a 100% interest in the San Jose, La Purisima, Cerro Luque and Huaranay Properties (Silver Properties) located in Peru.