MetalNRG (LSE:MNRG) Debt-to-Equity : -0.68 (As of Dec. 2023)

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What is MetalNRG Debt-to-Equity?

MetalNRG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.83 Mil. MetalNRG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.02 Mil. MetalNRG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £-1.25 Mil. MetalNRG's debt to equity for the quarter that ended in Dec. 2023 was -0.68.

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

LSE:MNRG' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.68 Med: 1.27 Max: 5.05
Current: -0.68

During the past 7 years, the highest Debt-to-Equity Ratio of MetalNRG was 5.05. The lowest was -0.68. And the median was 1.27.

LSE:MNRG's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs LSE:MNRG: -0.68

MetalNRG Debt-to-Equity Historical Data

The historical data trend for MetalNRG'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.

MetalNRG Debt-to-Equity Chart

MetalNRG Annual Data

Trend

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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5.05

0.15

2.40

-0.68

MetalNRG Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.15	-	2.40	-	-0.68

Competitive Comparison of MetalNRG's Debt-to-Equity

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

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

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

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

MetalNRG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MetalNRG'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
	=	(0.827	+	0.022)	/	-1.246
	=	-0.68

MetalNRG'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
	=	(0.827	+	0.022)	/	-1.246
	=	-0.68

MetalNRG (LSE:MNRG) 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.

MetalNRG Debt-to-Equity Related Terms

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

MetalNRG (LSE:MNRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MetalNRG PLC (LSE:MNRG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Ely Place, London, GBR, EC1N 6RY

Website

https://www.metalnrg.com

MetalNRG PLC is an investment holding company that invests mainly in companies engaged in the natural resources sector. It has oil and gas projects in Romania and United Kingdom. Its other mining projects include Lake Victoria, IMC Uranium project, and Goldridge in the United States.

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