Pilbara Minerals (ASX:PLS) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Pilbara Minerals Debt-to-Equity?

Pilbara Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$133 Mil. Pilbara Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$445 Mil. Pilbara Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3,205 Mil. Pilbara Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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

ASX:PLS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.34 Max: 0.62
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Pilbara Minerals was 0.62. The lowest was 0.00. And the median was 0.34.

ASX:PLS's Debt-to-Equity is ranked worse than
55.56% of 1314 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:PLS: 0.18

Pilbara Minerals Debt-to-Equity Historical Data

The historical data trend for Pilbara Minerals'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.

Pilbara Minerals Debt-to-Equity Chart

Pilbara Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.37

0.46

0.29

0.23

0.14

Pilbara Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.23	0.13	0.14	0.18

Competitive Comparison of Pilbara Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Pilbara Minerals'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.

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

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

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

Pilbara Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pilbara Minerals's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(124.331	+	347.618)	/	3390.022
	=	0.14

Pilbara Minerals'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
	=	(132.803	+	444.812)	/	3205.226
	=	0.18

Pilbara Minerals (ASX:PLS) 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.

Pilbara Minerals Debt-to-Equity Related Terms

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

Pilbara Minerals (ASX:PLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pilbara Minerals Ltd (ASX:PLS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PILBF:USA PLR:Germany

Address

146 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.pilbaraminerals.com.au

Pilbara Minerals Ltd is an industrial metals and materials company. The business is engaged in the exploration, development, and mining of resources. Pilbara Minerals has one business segment, Mining, that is engaged in mineral exploration, evaluation, and development of various mineral resources. The company generates the vast majority of its revenue in Australia. The company's primary property is the Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia.

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