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Legacy Minerals Holdings (ASX:LGM) Debt-to-Equity : 0.01 (As of Dec. 2024)


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What is Legacy Minerals Holdings Debt-to-Equity?

Legacy Minerals Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.09 Mil. Legacy Minerals Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.02 Mil. Legacy Minerals Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$9.00 Mil. Legacy Minerals Holdings's debt to equity for the quarter that ended in Dec. 2024 was 0.01.

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 Legacy Minerals Holdings's Debt-to-Equity or its related term are showing as below:

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

During the past 3 years, the highest Debt-to-Equity Ratio of Legacy Minerals Holdings was 0.01. The lowest was 0.01. And the median was 0.01.

ASX:LGM's Debt-to-Equity is ranked better than
99.92% of 1246 companies
in the Metals & Mining industry
Industry Median: 0.145 vs ASX:LGM: 0.01

Legacy Minerals Holdings Debt-to-Equity Historical Data

The historical data trend for Legacy Minerals Holdings'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.

Legacy Minerals Holdings Debt-to-Equity Chart

Legacy Minerals Holdings Annual Data
Trend Jun22 Jun23 Jun24
Debt-to-Equity
- - -

Legacy Minerals Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Debt-to-Equity Get a 7-Day Free Trial - - - - 0.01

Competitive Comparison of Legacy Minerals Holdings's Debt-to-Equity

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

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

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

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


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Legacy Minerals Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Legacy Minerals Holdings'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) / 7.333
=0.00

Legacy Minerals Holdings'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
=(0.091 + 0.02) / 9.002
=0.01

* 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.

Legacy Minerals Holdings  (ASX:LGM) 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.

Legacy Minerals Holdings Debt-to-Equity Related Terms

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

Legacy Minerals Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Legacy Minerals Holdings Ltd (ASX:LGM) » Definitions » Debt-to-Equity
Comparable Companies
ASX:PHO ASX:MTC ASX:AW1 ASX:LEX ASX:JLL ASX:AZL ASX:AGY ASX:SLS ASX:DEV ASX:EMC ASX:BHP ASX:RIO LSE:RIO SAU:1211 MEX:GMEXICOB LSE:GLEN BSP:VALE3 LSE:AAL ASX:FMG HKSE:03993
Traded in Other Exchanges
N/A
Address
401/54 Miller Street, North Sydney, NSW, AUS, 2060
Website
https://www.legacyminerals.com.au
Legacy Minerals Holdings Ltd is focused on gold and copper discovery. The company is engaged in the acquisition and exploration of gold and copper projects in the prospective Lachlan Fold Belt (LFB) and New England Fold Belt (NEFB) of New South Wales (NSW). Its properties include Cobar, Harden, Rockley, Bauloora, Black range, and Fontenoy.

Legacy Minerals Holdings Headlines

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