Kingfisher Mining (ASX:KFM) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Kingfisher Mining Debt-to-Equity?

Kingfisher Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. Kingfisher Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Kingfisher Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$6.36 Mil. Kingfisher Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

ASX:KFM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.02
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Kingfisher Mining was 0.02. The lowest was 0.01. And the median was 0.02.

ASX:KFM's Debt-to-Equity is ranked better than
99.92% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:KFM: 0.01

Kingfisher Mining Debt-to-Equity Historical Data

The historical data trend for Kingfisher 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.

Kingfisher Mining Debt-to-Equity Chart

Kingfisher Mining Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.02

0.01

Kingfisher Mining Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.02	0.02	0.01	0.01	0.01

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

For the Other Precious Metals & Mining subindustry, Kingfisher 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.

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

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

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

Kingfisher Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kingfisher 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
	=	(0.024	+	0.054)	/	7.58
	=	0.01

Kingfisher Mining'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
	=	(0.024	+	0.036)	/	6.355
	=	0.01

Kingfisher Mining (ASX:KFM) 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.

Kingfisher Mining Debt-to-Equity Related Terms

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Kingfisher Mining (ASX:KFM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 2, 106 Robinson Avenue, Belmont, WA, AUS, 6104

Website

https://www.kingfishermining.com.au

Kingfisher Mining Ltd is a mineral exploration company. The company acquires, develops, and explores mineral resource projects throughout Western Australia. The project portfolio includes Boolaloo, Mick Well, Kingfisher, and Arthur River projects. The company operates in one business segment which is the exploration for minerals and in one geographic segment, Australia.

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