Energy Resources of Australia (ASX:ERA) Debt-to-Equity : -0.00 (As of Jun. 2023)

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What is Energy Resources of Australia Debt-to-Equity?

Energy Resources of Australia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.29 Mil. Energy Resources of Australia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.54 Mil. Energy Resources of Australia's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$-570.23 Mil. Energy Resources of Australia'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 Energy Resources of Australia's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Energy Resources of Australia was 0.01. The lowest was -0.02. And the median was -0.02.

ASX:ERA's Debt-to-Equity is not ranked ^*
in the Other Energy Sources industry.
Industry Median: 0.23
* Ranked among companies with meaningful Debt-to-Equity only.

Energy Resources of Australia Debt-to-Equity Historical Data

The historical data trend for Energy Resources of Australia'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.

Energy Resources of Australia Debt-to-Equity Chart

Energy Resources of Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.02

0.01

-0.02

Energy Resources of Australia 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															-	-	-0.02	-	-

Competitive Comparison of Energy Resources of Australia's Debt-to-Equity

For the Uranium subindustry, Energy Resources of Australia'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.

Energy Resources of Australia's Debt-to-Equity Distribution in the Other Energy Sources Industry

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

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

Energy Resources of Australia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Energy Resources of Australia'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
	=	(0.295	+	0.385)	/	-1627.3
	=	-0.00

Energy Resources of Australia'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
	=	(0.29	+	0.535)	/	-570.232
	=	-0.00

Energy Resources of Australia (ASX:ERA) 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.

Energy Resources of Australia Debt-to-Equity Related Terms

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Energy Resources of Australia (ASX:ERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Energy Resources of Australia Ltd (ASX:ERA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EGRAY:USA EGRAF:USA EJ7:Germany

Address

18-20 Cavenagh Street, GPO Box 2394, Level 3, Energy House, Darwin, NT, AUS, 0801

Website

http://www.energyres.com.au

Energy Resources of Australia Ltd (ERA) is engaged in mining, processing, and sale of uranium oxide. It operates the Ranger uranium mine. The Ranger mine's operational infrastructure lies within the 79-square kilometer Ranger Project Area, which is located eight kilometers east of Jabiru and 260 kilometers east of Darwin, in the Northern Territory of Australia.