True North Copper (ASX:TNC) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is True North Copper Debt-to-Equity?

True North Copper's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$9.88 Mil. True North Copper's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.29 Mil. True North Copper's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$24.22 Mil. True North Copper's debt to equity for the quarter that ended in Dec. 2023 was 0.42.

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 True North Copper's Debt-to-Equity or its related term are showing as below:

ASX:TNC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.22 Max: 0.42
Current: 0.42

During the past 4 years, the highest Debt-to-Equity Ratio of True North Copper was 0.42. The lowest was 0.01. And the median was 0.22.

ASX:TNC's Debt-to-Equity is ranked worse than
70.87% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:TNC: 0.42

True North Copper Debt-to-Equity Historical Data

The historical data trend for True North Copper'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.

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True North Copper Debt-to-Equity Chart

True North Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

True North Copper Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	0.01	0.42

Competitive Comparison of True North Copper's Debt-to-Equity

For the Copper subindustry, True North Copper'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.

True North Copper's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

True North Copper Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

True North Copper'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
	=	(0.078	+	0.328)	/	29.561
	=	0.01

True North Copper'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
	=	(9.881	+	0.285)	/	24.221
	=	0.42

True North Copper (ASX:TNC) 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.

True North Copper Debt-to-Equity Related Terms

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True North Copper (ASX:TNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » True North Copper Ltd (ASX:TNC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

46-48 Sheridan Street, PO Box 3006, Level 9, Citi Central Tower, Cairns, QLD, AUS, 4870

Website

https://www.truenorthcopper.com.au

True North Copper Ltd is a mining and exploration company. The company mainly explores copper and cobalt projects located in Cloncurry and Mt Oxide. It has having only one reportable segment, being exploration, development and operations for minerals.