Alliance Nickel (ASX:AXN) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Alliance Nickel Debt-to-Equity?

Alliance Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.08 Mil. Alliance Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Alliance Nickel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$50.95 Mil. Alliance Nickel'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 Alliance Nickel's Debt-to-Equity or its related term are showing as below:

ASX:AXN'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.

Alliance Nickel Debt-to-Equity Historical Data

The historical data trend for Alliance Nickel'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.

Alliance Nickel Debt-to-Equity Chart

Alliance Nickel Annual Data

Trend

Jun14

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Jun17

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Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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Alliance Nickel 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															-	-	-	-	-

Competitive Comparison of Alliance Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Alliance Nickel'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.

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

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

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

Alliance Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alliance Nickel'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
	=	(0.095	+	0.023)	/	50.167
	=	0.00

Alliance Nickel'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
	=	(0.075	+	0)	/	50.953
	=	0.00

Alliance Nickel (ASX:AXN) 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.

Alliance Nickel Debt-to-Equity Related Terms

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

Alliance Nickel (ASX:AXN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alliance Nickel Ltd (ASX:AXN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GM90:Germany

Address

45 Stirling Highway, Level 1, Suite 1.02, Nedlands, WA, AUS, 6009

Website

https://www.alliancenickel.au

Alliance Nickel Ltd is an exploration and development company with nickel, cobalt and gold interests in Western Australia. Alliance's principal asset is its 100% owned NiWest Nickel Cobalt Project situated adjacent to Glencore's Murrin Murrin Operations. The company has completed a Pre-Feasibility Study which has confirmed the technical and economic viability of a heap leach and direct solvent extraction operation at undeveloped nickel/cobalt deposits in Australia.

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