Ardea Resources (Ardea Resources) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Ardea Resources Debt-to-Equity?

Ardea Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.11 Mil. Ardea Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.05 Mil. Ardea Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $39.01 Mil. Ardea Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

During the past 6 years, the highest Debt-to-Equity Ratio of Ardea Resources was 0.01. The lowest was 0.00. And the median was 0.00.

ARRRF's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Ardea Resources Debt-to-Equity Historical Data

The historical data trend for Ardea 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.

Ardea Resources Debt-to-Equity Chart

Ardea Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

Ardea Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-	0.01	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Ardea 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.

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

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

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

Ardea Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ardea Resources's Debt to Equity Ratio for the fiscal year 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
	=	(0.063	+	0.04)	/	30.783
	=	0.00

Ardea Resources'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
	=	(0.112	+	0.046)	/	39.013
	=	0.00

Ardea Resources (OTCPK:ARRRF) 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.

Ardea Resources Debt-to-Equity Related Terms

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Ardea Resources (Ardea Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ardea Resources Ltd (OTCPK:ARRRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

A91:Germany ARL:Australia

Address

45 Ord Street, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.ardearesources.com.au

Ardea Resources Ltd is a mineral exploration company. It is focused on cobalt, nickel and scandium project and gold exploration. The company holds interests in the Goongarrie Nickel-Cobalt Project and, Kalgoorlie Nickel Project.

Ardea Resources (Ardea Resources) Headlines

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