Diatreme Resources (ASX:DRX) Debt-to-Equity : 0.03 (As of Jun. 2023)

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What is Diatreme Resources Debt-to-Equity?

Diatreme Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$1.53 Mil. Diatreme Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Diatreme Resources's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$51.89 Mil. Diatreme Resources's debt to equity for the quarter that ended in Jun. 2023 was 0.03.

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 Diatreme Resources's Debt-to-Equity or its related term are showing as below:

ASX:DRX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.24
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Diatreme Resources was 0.24. The lowest was 0.03. And the median was 0.10.

ASX:DRX's Debt-to-Equity is ranked better than
75.55% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:DRX: 0.03

Diatreme Resources Debt-to-Equity Historical Data

The historical data trend for Diatreme Resources'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.

Diatreme Resources Debt-to-Equity Chart

Diatreme Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.07

0.05

0.03

Diatreme Resources 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															0.05	0.04	0.03	0.03	0.03

Competitive Comparison of Diatreme Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Diatreme Resources'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.

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

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

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

Diatreme Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Diatreme Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.032	+	1.509)	/	52.746
	=	0.03

Diatreme Resources's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(1.528	+	0)	/	51.886
	=	0.03

Diatreme Resources (ASX:DRX) 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.

Diatreme Resources Debt-to-Equity Related Terms

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Diatreme Resources (ASX:DRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Diatreme Resources Ltd (ASX:DRX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

55-61 Holdsworth Street, Unit 8, Coorparoo, Brisbane, QLD, AUS, 4151

Website

https://www.diatreme.com.au

Diatreme Resources Ltd is engaged in exploring heavy mineral sands, copper, gold and base metals in Australia. The company's projects include Cyclone Zircon Project, Galalar Silica Project, Clermont Copper/Gold Project and others.

Diatreme Resources (ASX:DRX) Headlines

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