Reedy Lagoon (ASX:RLC) Debt-to-Equity : -1.65 (As of Dec. 2023)

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What is Reedy Lagoon Debt-to-Equity?

Reedy Lagoon's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Reedy Lagoon's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.30 Mil. Reedy Lagoon's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-0.18 Mil. Reedy Lagoon's debt to equity for the quarter that ended in Dec. 2023 was -1.65.

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

ASX:RLC' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.65 Med: -1.37 Max: -1.09
Current: -1.65

During the past 13 years, the highest Debt-to-Equity Ratio of Reedy Lagoon was -1.09. The lowest was -1.65. And the median was -1.37.

ASX:RLC's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs ASX:RLC: -1.65

Reedy Lagoon Debt-to-Equity Historical Data

The historical data trend for Reedy Lagoon'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.

Reedy Lagoon Debt-to-Equity Chart

Reedy Lagoon Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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-1.09

Reedy Lagoon Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-1.09	-1.65

Competitive Comparison of Reedy Lagoon's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Reedy Lagoon'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.

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

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

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

Reedy Lagoon Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reedy Lagoon'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	+	0.2)	/	-0.184
	=	-1.09

Reedy Lagoon'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)	/	-0.182
	=	-1.65

Reedy Lagoon (ASX:RLC) 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.

Reedy Lagoon Debt-to-Equity Related Terms

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Reedy Lagoon (ASX:RLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Reedy Lagoon Corp Ltd (ASX:RLC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Collins Street, Level 14, Melbourne, VIC, AUS, 3000

Website

https://www.reedylagoon.com.au

Reedy Lagoon Corp Ltd is a mineral exploration company, it explores lithium, gold and magnetite. Its project profile includes Big Smoky South, Columbus Salt Marsh, Clayton Valley, Burracoppin Project, Alkali Lake North, and other projects.

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