Trident Royalties (LSE:TRR) Debt-to-Equity : 0.27 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Trident Royalties Debt-to-Equity?

Trident Royalties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £4.00 Mil. Trident Royalties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £18.81 Mil. Trident Royalties's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £85.76 Mil. Trident Royalties's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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

LSE:TRR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.27 Max: 0.38
Current: 0.27

During the past 5 years, the highest Debt-to-Equity Ratio of Trident Royalties was 0.38. The lowest was 0.12. And the median was 0.27.

LSE:TRR's Debt-to-Equity is ranked worse than
63.41% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:TRR: 0.27

Trident Royalties Debt-to-Equity Historical Data

The historical data trend for Trident Royalties'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.

Trident Royalties Debt-to-Equity Chart

Trident Royalties Annual Data

Trend

Apr19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.37

0.27

Trident Royalties Semi-Annual Data
	Oct18	Apr19	Oct19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.12	0.35	0.37	0.37	0.27

Competitive Comparison of Trident Royalties's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Trident Royalties'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.

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

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

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

Trident Royalties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trident Royalties'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
	=	(4.001	+	18.813)	/	85.762
	=	0.27

Trident Royalties'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
	=	(4.001	+	18.813)	/	85.762
	=	0.27

Trident Royalties (LSE:TRR) 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.

Trident Royalties Debt-to-Equity Related Terms

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

Trident Royalties (LSE:TRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trident Royalties PLC (LSE:TRR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TDTRF:USA 5KV:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.tridentroyalties.com

Trident Royalties PLC is a growth-focused diversified mining royalty and streaming company. The company is aiming to provide investors with exposure to a mix of base and precious metals, bulk materials (excluding thermal coal), and battery metals. Its reportable segments involve Precious, Bulk/Battery Metals, and Base.