Lord Resources (ASX:LRD) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Lord Resources Debt-to-Equity?

Lord Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Lord Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.10 Mil. Lord Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2.54 Mil. Lord Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Lord Resources's Debt-to-Equity or its related term are showing as below:

ASX:LRD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.05
Current: 0.05

During the past 2 years, the highest Debt-to-Equity Ratio of Lord Resources was 0.05. The lowest was 0.03. And the median was 0.04.

ASX:LRD's Debt-to-Equity is ranked better than
66.36% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:LRD: 0.05

Lord Resources Debt-to-Equity Historical Data

The historical data trend for Lord 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.

Lord Resources Debt-to-Equity Chart

Lord Resources Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.03

0.04

Lord Resources Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.03	0.04	0.04	0.05

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

For the Other Industrial Metals & Mining subindustry, Lord 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.

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

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

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

Lord Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lord 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
	=	(0.038	+	0.111)	/	3.762
	=	0.04

Lord 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
	=	(0.037	+	0.096)	/	2.537
	=	0.05

Lord Resources (ASX:LRD) 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.

Lord Resources Debt-to-Equity Related Terms

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

Lord Resources (ASX:LRD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, WA, AUS, 6021

Website

https://www.lordresources.com

Lord Resources Ltd is an exploration company. The primary objective of the company is to focus on mineral exploration of resource opportunities that have the potential to deliver growth to the company for the benefit of shareholders.

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