Andrada Mining (LSE:ATM) Debt-to-Equity : 0.25 (As of Aug. 2023)

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What is Andrada Mining Debt-to-Equity?

Andrada Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was £4.04 Mil. Andrada Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was £4.90 Mil. Andrada Mining's Total Stockholders Equity for the quarter that ended in Aug. 2023 was £35.74 Mil. Andrada Mining's debt to equity for the quarter that ended in Aug. 2023 was 0.25.

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

LSE:ATM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.23 Max: 9.26
Current: 0.25

During the past 9 years, the highest Debt-to-Equity Ratio of Andrada Mining was 9.26. The lowest was 0.02. And the median was 0.23.

LSE:ATM's Debt-to-Equity is ranked worse than
61.5% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:ATM: 0.25

Andrada Mining Debt-to-Equity Historical Data

The historical data trend for Andrada 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.

Andrada Mining Debt-to-Equity Chart

Andrada Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.08

0.26

0.20

Andrada Mining Semi-Annual Data
	Feb15	Feb16	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial										0.03	0.20	0.37	0.20	0.25

Competitive Comparison of Andrada Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Andrada 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.

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

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

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

Andrada Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Andrada Mining's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(3.184	+	3.994)	/	35.817
	=	0.20

Andrada Mining's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(4.041	+	4.896)	/	35.742
	=	0.25

Andrada Mining (LSE:ATM) 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.

Andrada Mining Debt-to-Equity Related Terms

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

Andrada Mining (LSE:ATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andrada Mining Ltd (LSE:ATM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

9IA:Germany

Address

Oak House, Hirzel Street, P.O. Box 282, Saint Peter Port, GGY, GY1 3RH

Website

https://www.andradamining.com

Andrada Mining Ltd is a Guernsey-based mining company. The company's geographical segments include South Africa and Namibia. The company's project consists of the Uis Tin project and Mokopane Tin project. It derives a majority of its revenue from the Namibia region. The company's asset includes Lithium Ridge (Nai-Nais), Spodumene Hill, Brandberg West.

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