Gem Diamonds (LSE:GEMD) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is Gem Diamonds Debt-to-Equity?

Gem Diamonds's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £28.1 Mil. Gem Diamonds's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £7.1 Mil. Gem Diamonds's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £109.7 Mil. Gem Diamonds's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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

LSE:GEMD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.17 Max: 0.32
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Gem Diamonds was 0.32. The lowest was 0.09. And the median was 0.17.

LSE:GEMD's Debt-to-Equity is ranked worse than
66.41% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:GEMD: 0.32

Gem Diamonds Debt-to-Equity Historical Data

The historical data trend for Gem Diamonds'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.

Gem Diamonds Debt-to-Equity Chart

Gem Diamonds Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.14

0.10

0.09

0.32

Gem Diamonds 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															0.10	0.14	0.09	0.12	0.32

Competitive Comparison of Gem Diamonds's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Gem Diamonds'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.

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

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

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

Gem Diamonds Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gem Diamonds'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
	=	(28.104	+	7.064)	/	109.707
	=	0.32

Gem Diamonds'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
	=	(28.104	+	7.064)	/	109.707
	=	0.32

Gem Diamonds (LSE:GEMD) 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.

Gem Diamonds Debt-to-Equity Related Terms

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

Gem Diamonds (LSE:GEMD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GMDMF:USA GEMDl:UK ZVW:Germany

Address

2 Eaton Gate, London, GBR, SW1W 9BJ

Website

https://www.gemdiamonds.com

Gem Diamonds Ltd is a United Kingdom-based company engaged in the exploration and development of diamond mines. The company's geographical segments include Lesotho (diamond mining activities); Belgium (sales, marketing, and manufacturing of diamonds); and BVI, RSA, the UK, and Cyprus (technical and administrative services). It generates maximum revenue from the Belgium region. Its projects include Letseng Diamond mine and Ghaghoo Diamond mine. The company's revenue is derived from mining activities, polished manufacturing margins, and diamond analysis and manufacturing services.

Gem Diamonds (LSE:GEMD) Headlines

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