Fulcrum Metals (LSE:FMET) Debt-to-Equity : 0.12 (As of Sep. 2023)

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What is Fulcrum Metals Debt-to-Equity?

Fulcrum Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Fulcrum Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.48 Mil. Fulcrum Metals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £4.06 Mil. Fulcrum Metals's debt to equity for the quarter that ended in Sep. 2023 was 0.12.

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

LSE:FMET' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.41 Max: 0.42
Current: 0.12

During the past 5 years, the highest Debt-to-Equity Ratio of Fulcrum Metals was 0.42. The lowest was 0.14. And the median was 0.41.

LSE:FMET's Debt-to-Equity is ranked better than
51.27% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:FMET: 0.12

Fulcrum Metals Debt-to-Equity Historical Data

The historical data trend for Fulcrum Metals'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.

Fulcrum Metals Debt-to-Equity Chart

Fulcrum Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.42

0.41

0.14

Fulcrum Metals Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.42	0.14	0.41	0.12

Competitive Comparison of Fulcrum Metals's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Fulcrum Metals'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.

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

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

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

Fulcrum Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fulcrum Metals'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
	=	(0	+	0.519)	/	3.681
	=	0.14

Fulcrum Metals's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0	+	0.482)	/	4.063
	=	0.12

Fulcrum Metals (LSE:FMET) 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.

Fulcrum Metals Debt-to-Equity Related Terms

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Fulcrum Metals (LSE:FMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fulcrum Metals Plc (LSE:FMET) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

J2M:Germany

Address

Corrig Road, Paramount Court, Sandyford Business Park, Dublin, IRL, D18 R9C7

Website

https://www.fulcrummetals.com

Fulcrum Metals Plc is a multi-commodity minerals exploration company. Its project portfolio comprises of six gold and base metal projects in Ontario totalling 252km, covering the Schreiber-Hemlo, Wawa, Winston Lake and Dayohessarah Greenstone Belts, and two uranium and gold projects in the Northern Athabasca Basin region of Saskatchewan totalling 136km.