Galena Mining (ASX:G1A) Debt-to-Equity : 2.08 (As of Dec. 2022)

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What is Galena Mining Debt-to-Equity?

Galena Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$20.18 Mil. Galena Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$176.76 Mil. Galena Mining's Total Stockholders Equity for the quarter that ended in Dec. 2022 was A$94.93 Mil. Galena Mining's debt to equity for the quarter that ended in Dec. 2022 was 2.07.

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 Galena Mining's Debt-to-Equity or its related term are showing as below:

ASX:G1A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.89 Max: 2.66
Current: 2.66

During the past 6 years, the highest Debt-to-Equity Ratio of Galena Mining was 2.66. The lowest was 0.03. And the median was 0.89.

ASX:G1A's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs ASX:G1A: 2.66

Galena Mining Debt-to-Equity Historical Data

The historical data trend for Galena Mining'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.

Galena Mining Debt-to-Equity Chart

Galena Mining Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.03

0.38

1.41

2.66

Galena Mining Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial							0.38	0.40	1.41	2.08	2.66

Competitive Comparison of Galena Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Galena Mining'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.

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

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

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

Galena Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Galena Mining'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
	=	(33.912	+	179.681)	/	80.207
	=	2.66

Galena Mining's Debt to Equity Ratio for the quarter 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
	=	(20.18	+	176.757)	/	94.927
	=	2.07

Galena Mining (ASX:G1A) 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.

Galena Mining Debt-to-Equity Related Terms

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

Galena Mining (ASX:G1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galena Mining Ltd (ASX:G1A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GM6:Germany

Address

1100 Hay Street, Level 2, PO Box 297, West Perth, Perth, WA, AUS, 6872

Website

https://www.galenamining.com.au

Galena Mining Ltd is engaged in the mining industry. It explores and develops base metals in Australia through the Abra base metal deposit project. The company's operating segment includes Abra Project; Exploration and Other Activities. It generates maximum revenue from the Abra Project segment.

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