Grupo MexicoB de CV (Grupo MexicoB de CV) Debt-to-Equity : 0.48 (As of Sep. 2023)

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What is Grupo MexicoB de CV Debt-to-Equity?

Grupo MexicoB de CV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $212 Mil. Grupo MexicoB de CV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $8,824 Mil. Grupo MexicoB de CV's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $18,725 Mil. Grupo MexicoB de CV's debt to equity for the quarter that ended in Sep. 2023 was 0.48.

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 Grupo MexicoB de CV's Debt-to-Equity or its related term are showing as below:

GMBXF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.69 Max: 0.83
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of Grupo MexicoB de CV was 0.83. The lowest was 0.48. And the median was 0.69.

GMBXF's Debt-to-Equity is ranked worse than
74.94% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs GMBXF: 0.48

Grupo MexicoB de CV Debt-to-Equity Historical Data

The historical data trend for Grupo MexicoB de CV'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.

Grupo MexicoB de CV Debt-to-Equity Chart

Grupo MexicoB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.69

0.75

0.66

0.57

0.51

Grupo MexicoB de CV Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.55	0.51	0.49	0.50	0.48

Competitive Comparison of Grupo MexicoB de CV's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Grupo MexicoB de CV'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.

Grupo MexicoB de CV's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Grupo MexicoB de CV's Debt-to-Equity falls into.

Grupo MexicoB de CV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grupo MexicoB de CV'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
	=	(230.741	+	8470.46)	/	17242.754
	=	0.50

Grupo MexicoB de CV's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(211.969	+	8823.698)	/	18725.101
	=	0.48

Grupo MexicoB de CV (OTCPK:GMBXF) 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.

Grupo MexicoB de CV Debt-to-Equity Related Terms

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

Grupo MexicoB de CV (Grupo MexicoB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grupo Mexico SAB de CV (OTCPK:GMBXF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GMEXICOB:Mexico 4GE:Germany

Address

Campos Eliieos No. 400, Col. lomas de chapultepec, Mexico, DF, MEX, C.P. 11000

Website

http://www.gmexico.com

Grupo Mexico SAB de CV is a holding company that operates in the mining-metallurgic industry, the exploration, exploitation, and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development. The majority of the group's revenue is generated by the mining division, through its subsidiary AMC. The company has 14 mines and exploration projects in Mexico, Peru, the United States of America, Chile, Ecuador, and Argentina, and its products include copper, molybdenum, silver, zinc, gold, and lead. The company also has a transportation division comprised of three large railroad companies through its subsidiary FM Rail Holding. Together, they form the largest railroad operator in Mexico, both in terms of coverage and fleet size.

Grupo MexicoB de CV (Grupo MexicoB de CV) Headlines

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