Whitehaven Coal (ASX:WHC) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Whitehaven Coal Debt-to-Equity?

Whitehaven Coal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$60 Mil. Whitehaven Coal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$84 Mil. Whitehaven Coal's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$5,211 Mil. Whitehaven Coal's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

ASX:WHC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.22 Max: 0.37
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Whitehaven Coal was 0.37. The lowest was 0.03. And the median was 0.22.

ASX:WHC's Debt-to-Equity is ranked better than
85.71% of 126 companies
in the Other Energy Sources industry
Industry Median: 0.215 vs ASX:WHC: 0.03

Whitehaven Coal Debt-to-Equity Historical Data

The historical data trend for Whitehaven Coal'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.

Whitehaven Coal Debt-to-Equity Chart

Whitehaven Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.12

0.32

0.37

0.06

0.04

Whitehaven Coal 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															0.20	0.06	0.04	0.04	0.03

Competitive Comparison of Whitehaven Coal's Debt-to-Equity

For the Thermal Coal subindustry, Whitehaven Coal'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.

Whitehaven Coal's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Whitehaven Coal's Debt-to-Equity distribution charts can be found below:

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

Whitehaven Coal Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Whitehaven Coal'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
	=	(71.835	+	117.113)	/	5260.525
	=	0.04

Whitehaven Coal'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
	=	(59.865	+	84.142)	/	5210.871
	=	0.03

Whitehaven Coal (ASX:WHC) 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.

Whitehaven Coal Debt-to-Equity Related Terms

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

Whitehaven Coal (ASX:WHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Whitehaven Coal Ltd (ASX:WHC) » Definitions » Debt-to-Equity

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WHITF:USA WC2:Germany

Address

259 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.whitehavencoal.com.au

Whitehaven Coal is a large Australian independent thermal and semisoft metallurgical coal miner with mines in the Gunnedah Basin, New South Wales. It also owns the large Vickery and Winchester South deposits in New South Wales and Queensland, respectively. Coal is railed to ports in Newcastle for export to Asian customers. It has agreed to buy Blackwater and Daunia, two coking coal mines in Queensland, from BHP and Mitsubishi, effective mid-2024. Along with expanded production at Maules Creek and Narrabri, this should see its share of salable coal production approach 36 million metric tons from fiscal 2028, from about 13 million in fiscal 2023. Development of Vickery could see around 7 million metric tons of extra equity production, with first output likely from about 2025 in our view.

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