Platinum Group Metals (TSX:PTM) Debt-to-Equity : 0.01 (As of Feb. 2024)

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What is Platinum Group Metals Debt-to-Equity?

Platinum Group Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Platinum Group Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.39 Mil. Platinum Group Metals's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$34.39 Mil. Platinum Group Metals's debt to equity for the quarter that ended in Feb. 2024 was 0.01.

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

TSX:PTM' s Debt-to-Equity Range Over the Past 10 Years
Min: -23.38 Med: 0 Max: 14.79
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Platinum Group Metals was 14.79. The lowest was -23.38. And the median was 0.00.

TSX:PTM's Debt-to-Equity is ranked better than
99.92% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:PTM: 0.01

Platinum Group Metals Debt-to-Equity Historical Data

The historical data trend for Platinum Group 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.

Platinum Group Metals Debt-to-Equity Chart

Platinum Group Metals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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-2.10

-1.81

14.79

0.01

Platinum Group Metals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

Competitive Comparison of Platinum Group Metals's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Platinum Group 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.

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

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

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

Platinum Group Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Platinum Group Metals's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	0.427)	/	34.678
	=	0.01

Platinum Group Metals's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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	+	0.394)	/	34.391
	=	0.01

Platinum Group Metals (TSX:PTM) 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.

Platinum Group Metals Debt-to-Equity Related Terms

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

Platinum Group Metals (TSX:PTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Platinum Group Metals Ltd (TSX:PTM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PLG:USA P6MB:Germany

Address

1100 Melville Street, Suite 838, Vancouver, BC, CAN, V6E 4A6

Website

https://www.platinumgroupmetals.net

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co. Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold. Geographically, it operates in Canada and South Africa.

Executives

Kris Begic

Senior Officer