Waratah Minerals (ASX:WTM) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Waratah Minerals Debt-to-Equity?

Waratah Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Waratah Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Waratah Minerals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$23.25 Mil. Waratah Minerals's debt to equity for the quarter that ended in Jun. 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 Waratah Minerals's Debt-to-Equity or its related term are showing as below:

During the past 11 years, the highest Debt-to-Equity Ratio of Waratah Minerals was 0.01. The lowest was 0.00. And the median was 0.01.

ASX:WTM'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.

Waratah Minerals Debt-to-Equity Historical Data

The historical data trend for Waratah Minerals'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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Waratah Minerals Debt-to-Equity Chart

Waratah Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Waratah Minerals 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															0.01	-	-	-	-

Competitive Comparison of Waratah Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Waratah Minerals'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.

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

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

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

Waratah Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Waratah Minerals's Debt to Equity Ratio for the fiscal year 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)	/	24.083
	=	0.00

Waratah Minerals's Debt to Equity Ratio for the quarter 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
	=	(0.003	+	0)	/	23.252
	=	0.00

Waratah Minerals (ASX:WTM) 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.

Waratah Minerals Debt-to-Equity Related Terms

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Waratah Minerals (ASX:WTM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

BTRYF:USA 0FS0:Germany

Address

72 Kings Park Road, Ground Floor, West Perth, WA, AUS, 6005

Website

https://www.batteryminerals.com

Battery Minerals Ltd engages in the exploration of mineral properties. The company has two reportable segments which are Mozambique which comprises mineral exploration and evaluation and mine development activities, and Australia which comprises mineral exploration and evaluation, investing activities, and corporate management. The company has various projects including the Stavely-Stawell project, the Azura project in Australia, the Montepuez Graphite project, and the Balama Central project in Mozambique.