Iamgold (Iamgold) Debt-to-Equity

: 0.43 (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

Iamgold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $26.1 Mil. Iamgold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $926.0 Mil. Iamgold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,206.0 Mil. Iamgold's debt to equity for the quarter that ended in Dec. 2023 was 0.43.

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

IAG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.23 Max: 0.47
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Iamgold was 0.47. The lowest was 0.14. And the median was 0.23.

IAG's Debt-to-Equity is ranked worse than
72.62% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs IAG: 0.43

Iamgold Debt-to-Equity Historical Data

The historical data trend for Iamgold'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.

Iamgold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.20

0.22

0.24

0.47

0.43

Iamgold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.47	0.36	0.44	0.43	0.43

Competitive Comparison

For the Gold subindustry, Iamgold'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.

Iamgold Debt-to-Equity Distribution

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

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

Iamgold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Iamgold'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
	=	(26.1	+	926)	/	2206
	=	0.43

Iamgold'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
	=	(26.1	+	926)	/	2206
	=	0.43

Iamgold (NYSE:IAG) 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.

Iamgold Debt-to-Equity Related Terms

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

Iamgold (Iamgold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iamgold Corp (NYSE:IAG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IAL:Germany IAL:Germany IMG:Canada

Address

401 Bay Street, Suite 3200, P.O. Box 153, Toronto, ON, CAN, M5H 2Y4

Website

https://www.iamgold.com

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.