Mt Malcolm Mines NL (ASX:M2M) Debt-to-Equity : 0.08 (As of Dec. 2023)

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What is Mt Malcolm Mines NL Debt-to-Equity?

Mt Malcolm Mines NL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.53 Mil. Mt Malcolm Mines NL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Mt Malcolm Mines NL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$7.18 Mil. Mt Malcolm Mines NL's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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 Mt Malcolm Mines NL's Debt-to-Equity or its related term are showing as below:

ASX:M2M' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.08
Current: 0.08

During the past 2 years, the highest Debt-to-Equity Ratio of Mt Malcolm Mines NL was 0.08. The lowest was 0.01. And the median was 0.01.

ASX:M2M's Debt-to-Equity is ranked better than
58.6% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:M2M: 0.08

Mt Malcolm Mines NL Debt-to-Equity Historical Data

The historical data trend for Mt Malcolm Mines NL'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.

Mt Malcolm Mines NL Debt-to-Equity Chart

Mt Malcolm Mines NL Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.01

Mt Malcolm Mines NL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.01	0.01	0.02	0.01	0.08

Competitive Comparison of Mt Malcolm Mines NL's Debt-to-Equity

For the Gold subindustry, Mt Malcolm Mines NL'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.

Mt Malcolm Mines NL's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mt Malcolm Mines NL's Debt-to-Equity falls into.

Mt Malcolm Mines NL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mt Malcolm Mines NL'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	+	0.051)	/	7.42
	=	0.01

Mt Malcolm Mines NL'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
	=	(0.525	+	0.036)	/	7.181
	=	0.08

Mt Malcolm Mines NL (ASX:M2M) 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.

Mt Malcolm Mines NL Debt-to-Equity Related Terms

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Mt Malcolm Mines NL (ASX:M2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mt Malcolm Mines NL (ASX:M2M) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Sarich Court, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.mtmalcolm.com.au

Mt Malcolm Mines NL is a gold-focused exploration company. Its key project is the Malcolm Project located in the Mt Malcolm District of the Mt Margaret Mineral Field in Western Australia. The firm is organised into two operating segments, which is corporate and exploration operations.

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