Lundin Mining (TSX:LUN) Debt-to-Equity

: 0.30 (As of Dec. 2023)

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Lundin Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$285 Mil. Lundin Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1,708 Mil. Lundin Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$6,656 Mil. Lundin Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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

TSX:LUN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 0.31
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Lundin Mining was 0.31. The lowest was 0.00. And the median was 0.10.

TSX:LUN's Debt-to-Equity is ranked worse than
65.62% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:LUN: 0.30

Lundin Mining Debt-to-Equity Historical Data

The historical data trend for Lundin Mining'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.

Lundin Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.05

0.01

0.04

0.30

Lundin Mining 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	Get a 7-Day Free Trial															0.04	0.04	0.08	0.31	0.30

Competitive Comparison

For the Copper subindustry, Lundin Mining'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.

Lundin Mining Debt-to-Equity Distribution

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

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

Lundin Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lundin Mining'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
	=	(285.286	+	1708.074)	/	6656.103
	=	0.30

Lundin Mining'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
	=	(285.286	+	1708.074)	/	6656.103
	=	0.30

Lundin Mining (TSX:LUN) 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.

Lundin Mining Debt-to-Equity Related Terms

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Lundin Mining (TSX:LUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lundin Mining Corp (TSX:LUN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LUNMF:USA LUMI:Sweden LUMIs:UK 0RQ9:UK GXD:Germany

Address

150 King Street West, Suite 2200, P.O. Box 38, Toronto, ON, CAN, M5H 1J9

Website

https://www.lundinmining.com

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden, and the United States of America, producing copper, zinc, gold, and nickel. Its material mineral properties include Candelaria, Chapada, Eagle, and Neves-Corvo. Majority of the revenue is from Copper.

Lundin Mining (TSX:LUN) Headlines

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