Nickelx (ASX:NKL) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Nickelx Debt-to-Equity?

Nickelx's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Nickelx's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Nickelx's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.70 Mil. Nickelx's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

During the past 3 years, the highest Debt-to-Equity Ratio of Nickelx was 0.01. The lowest was 0.00. And the median was 0.01.

ASX:NKL's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Nickelx Debt-to-Equity Historical Data

The historical data trend for Nickelx'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.

Nickelx Debt-to-Equity Chart

Nickelx Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

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

Competitive Comparison of Nickelx's Debt-to-Equity

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

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

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

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

Nickelx Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nickelx'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
	=	(0.013	+	0)	/	4.64
	=	0.00

Nickelx'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	+	0)	/	3.704
	=	0.00

Nickelx (ASX:NKL) 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.

Nickelx Debt-to-Equity Related Terms

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

Nickelx (ASX:NKL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Milligan Street, Level 3, The Read Buildings, Perth, WA, AUS, 6000

Website

https://www.nickelxlimited.com

Nickelx Ltd is a nickel and copper exploration company exploring Biranup project which is located at the northern end of the Albany-Fraser belt, adjacent to the Tropicana gold mine, the Dalwallinu Nickel Project and Cosmos South Nickel Project.

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