Imperial Metals (TSX:III) Debt-to-Equity : 0.45 (As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

What is Imperial Metals Debt-to-Equity?

Imperial Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$206.6 Mil. Imperial Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$113.1 Mil. Imperial Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$716.2 Mil. Imperial Metals's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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

TSX:III' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.05 Max: 2.43
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Imperial Metals was 2.43. The lowest was 0.00. And the median was 1.05.

TSX:III's Debt-to-Equity is ranked worse than
72.7% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:III: 0.45

Imperial Metals Debt-to-Equity Historical Data

The historical data trend for Imperial 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.

Imperial Metals Debt-to-Equity Chart

Imperial Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.01

0.05

0.27

0.45

Imperial Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.27	0.31	0.39	0.40	0.45

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

For the Copper subindustry, Imperial 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.

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

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

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

Imperial Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Imperial 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
	=	(206.644	+	113.143)	/	716.231
	=	0.45

Imperial Metals'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
	=	(206.644	+	113.143)	/	716.231
	=	0.45

Imperial Metals (TSX:III) 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.

Imperial Metals Debt-to-Equity Related Terms

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

Imperial Metals (TSX:III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Imperial Metals Corp (TSX:III) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IPMLF:USA L7D:Germany

Address

580 Hornby Street, Suite 200, Vancouver, BC, CAN, V6C 3B6

Website

https://www.imperialmetals.com

Imperial Metals Corp is a mining company mainly engaged in the exploration, development, and production of base and precious metals from Canadian mineral properties. It operates through four segments which include Red Chris, Mount Polley, Huckleberry, and Corporate. The company's properties include the Red Chris copper/gold mine in northwest British Columbia; the Mount Polley copper/gold mine in central British Columbia, and the Huckleberry copper mine in northern British Columbia. It explores copper, gold, silver, and other minerals in which copper is the company's principal product.