Almonty Industries (TSX:AII) Debt-to-Equity : 2.68 (As of Dec. 2023)

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What is Almonty Industries Debt-to-Equity?

Almonty Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$34.17 Mil. Almonty Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$95.90 Mil. Almonty Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$48.51 Mil. Almonty Industries's debt to equity for the quarter that ended in Dec. 2023 was 2.68.

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

TSX:AII' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 1.71 Max: 2.68
Current: 2.68

During the past 12 years, the highest Debt-to-Equity Ratio of Almonty Industries was 2.68. The lowest was 0.58. And the median was 1.71.

TSX:AII's Debt-to-Equity is ranked worse than
97.18% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:AII: 2.68

Almonty Industries Debt-to-Equity Historical Data

The historical data trend for Almonty Industries'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.

Almonty Industries Debt-to-Equity Chart

Almonty Industries Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.23

2.11

1.81

2.25

2.68

Almonty Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.25	2.28	2.61	3.40	2.68

Competitive Comparison of Almonty Industries's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Almonty Industries'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.

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

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

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

Almonty Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Almonty Industries'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
	=	(34.167	+	95.9)	/	48.508
	=	2.68

Almonty Industries'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
	=	(34.167	+	95.9)	/	48.508
	=	2.68

Almonty Industries (TSX:AII) 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.

Almonty Industries Debt-to-Equity Related Terms

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

Almonty Industries (TSX:AII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almonty Industries Inc (TSX:AII) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ALMTF:USA 1MR:Germany AII:Australia

Address

100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

https://www.almonty.com

Almonty Industries Inc is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain - the Los Santos Mine, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal - the Panasqueira Mine, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain in the province of Zamora - the Valtreixal Mine, as well as the evaluation and evaluation of its Sangdong tungsten mine project located in Gangwon Province, Republic of Korea - the Sangdong Mine.

Almonty Industries (TSX:AII) Headlines

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