Castile Resources (ASX:CST) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Castile Resources Debt-to-Equity?

Castile Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Castile Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Castile Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$33.22 Mil. Castile 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 Castile Resources's Debt-to-Equity or its related term are showing as below:

During the past 5 years, the highest Debt-to-Equity Ratio of Castile Resources was 0.01. The lowest was 0.00. And the median was 0.00.

ASX:CST'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.

Castile Resources Debt-to-Equity Historical Data

The historical data trend for Castile 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.

Castile Resources Debt-to-Equity Chart

Castile Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

Castile Resources Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Castile 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.

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

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

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

Castile Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Castile 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
	=	(0.026	+	0.038)	/	33.419
	=	0.00

Castile 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
	=	(0.026	+	0.027)	/	33.218
	=	0.00

Castile Resources (ASX:CST) 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.

Castile Resources Debt-to-Equity Related Terms

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

Castile Resources (ASX:CST) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CLRSF:USA

Address

17 Southport Street, Suite 1A, West Leederville, WA, AUS, 6007

Website

https://www.castile.com.au

Castile Resources Ltd is a mineral exploration and development company. Its projects include the Rover Project and the Warumpi Project. The Company operates predominantly in one business segment the exploration of minerals in one geographic segment, Australia.

Castile Resources (ASX:CST) Headlines

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