Industrial Minerals (ASX:IND) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Industrial Minerals Debt-to-Equity?

Industrial Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Industrial Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.09 Mil. Industrial Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.76 Mil. Industrial Minerals's debt to equity for the quarter that ended in Dec. 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 Industrial Minerals's Debt-to-Equity or its related term are showing as below:

ASX:IND' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.05
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of Industrial Minerals was 0.05. The lowest was 0.03. And the median was 0.05.

ASX:IND's Debt-to-Equity is ranked better than
75.3% of 1316 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:IND: 0.03

Industrial Minerals Debt-to-Equity Historical Data

The historical data trend for Industrial Minerals'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.

Industrial Minerals Debt-to-Equity Chart

Industrial Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.04

0.05

Industrial Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	-	0.04	0.05	0.05	0.03

Competitive Comparison of Industrial Minerals's Debt-to-Equity

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

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

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

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

Industrial Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Industrial Minerals'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
	=	(0.034	+	0.105)	/	2.94
	=	0.05

Industrial Minerals'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
	=	(0.035	+	0.088)	/	3.762
	=	0.03

Industrial Minerals (ASX:IND) 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.

Industrial Minerals Debt-to-Equity Related Terms

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

Industrial Minerals (ASX:IND) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

9ED:Germany

Address

460 Stirling Highway, Unit 20, Peppermint Grove, WA, AUS, 6011

Website

https://www.industmin.com

Industrial Minerals Ltd is a company engaged in exploring and developing industrial minerals. Its projects include the Quins High Purity Silica project, the Unicup High Purity Silica project, the Lake Macleod Gypsum, and Sale project, the Turner River project, among others.

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