Equatorial Resources (ASX:EQX) Debt-to-Equity : 0.00 (As of Dec. 2024)

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What is Equatorial Resources Debt-to-Equity?

Equatorial Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. Equatorial Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. Equatorial Resources's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$14.57 Mil. Equatorial Resources's debt to equity for the quarter that ended in Dec. 2024 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 Equatorial Resources's Debt-to-Equity or its related term are showing as below:

ASX:EQX's Debt-to-Equity is not ranked ^*
in the Steel industry.
Industry Median: 0.43
* Ranked among companies with meaningful Debt-to-Equity only.

Equatorial Resources Debt-to-Equity Historical Data

The historical data trend for Equatorial Resources'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.

Equatorial Resources Debt-to-Equity Chart

Equatorial Resources Annual Data

Trend

Jun15

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Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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Equatorial Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Equatorial Resources's Debt-to-Equity

For the Steel subindustry, Equatorial Resources'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.

Equatorial Resources's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Equatorial Resources's Debt-to-Equity distribution charts can be found below:

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

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Equatorial Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Equatorial Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 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)	/	15.308
	=	0.00

Equatorial Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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)	/	14.57
	=	0.00

Equatorial Resources (ASX:EQX) 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.

Equatorial Resources Debt-to-Equity Related Terms

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Equatorial Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equatorial Resources Ltd (ASX:EQX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PBU:Germany

Address

28 The Esplanade, Level 9, BGC Centre, Perth, WA, AUS, 6000

Website

https://www.equatorialresources.com.au

Equatorial Resources Ltd is an iron ore exploration and development company. The company's iron ore projects are located in the Republic of Congo (ROC). The company focuses on advancing its existing mineral resource assets in Africa, as well as searching for new opportunities in the resources sector. It operates the Badondo Iron Project located in the northwest region of the Republic of Congo. Central & West Africa hosts a regional distribution of undeveloped world-class high-grade iron ore deposits. It is comprised of the same rock type and similar geological formation as the Carajas System in South America.