South32 (ASX:S32) Debt-to-Equity : 0.19 (As of Dec. 2023)

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What is South32 Debt-to-Equity?

South32's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$650 Mil. South32's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2,029 Mil. South32's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$13,785 Mil. South32's debt to equity for the quarter that ended in Dec. 2023 was 0.19.

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 South32's Debt-to-Equity or its related term are showing as below:

ASX:S32' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.11 Max: 0.75
Current: 0.19

During the past 12 years, the highest Debt-to-Equity Ratio of South32 was 0.75. The lowest was 0.08. And the median was 0.11.

ASX:S32's Debt-to-Equity is ranked worse than
56.43% of 1315 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:S32: 0.19

South32 Debt-to-Equity Historical Data

The historical data trend for South32'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.

South32 Debt-to-Equity Chart

South32 Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.09

0.11

0.14

0.17

0.19

South32 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															0.12	0.17	0.18	0.19	0.19

Competitive Comparison of South32's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, South32'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.

South32's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, South32's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where South32's Debt-to-Equity falls into.

South32 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

South32'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
	=	(543.85	+	2050.24)	/	13970.24
	=	0.19

South32'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
	=	(649.89	+	2028.852)	/	13785.138
	=	0.19

South32 (ASX:S32) 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.

South32 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of South32's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

South32 (ASX:S32) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South32 Ltd (ASX:S32) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

S32:South Africa SOUHY:USA SHTLF:USA S32l:UK S32:UK 32Z:Germany

Address

108 St Georges Terrace, Level 35, Perth, WA, AUS, 6000

Website

https://www.south32.net

South32 was born of the demerger of noncore assets from BHP in 2015. South32's major operations include alumina businesses in Australia and Brazil, aluminium in Brazil, South Africa, and Mozambique, manganese businesses in Australia and South Africa, and New South Wales metallurgical coal. It also owns the Cannington silver/lead/zinc mine in northwest Queensland and the Cerro Matoso nickel mine in Colombia. Cannington silver mine and manganese operations deliver high returns, but have relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor deposit in the U.S., and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.

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