Somerset Minerals (ASX:SMM) Debt-to-Equity : -0.01 (As of Dec. 2024)

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What is Somerset Minerals Debt-to-Equity?

Somerset Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.01 Mil. Somerset Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. Somerset Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$-1.71 Mil. Somerset Minerals'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 Somerset Minerals's Debt-to-Equity or its related term are showing as below:

ASX:SMM' 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 6 years, the highest Debt-to-Equity Ratio of Somerset Minerals was 0.01. The lowest was -0.01. And the median was 0.01.

ASX:SMM's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.15 vs ASX:SMM: -0.01

Somerset Minerals Debt-to-Equity Historical Data

The historical data trend for Somerset 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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Somerset Minerals Debt-to-Equity Chart

Somerset Minerals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.01

Somerset Minerals Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial								-	-	-	-	-0.01

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

For the Other Industrial Metals & Mining subindustry, Somerset 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.

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

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

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

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Somerset Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Somerset Minerals'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)	/	-1.472
	=	0.00

Somerset Minerals'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
	=	(0.01	+	0)	/	-1.713
	=	-0.01

Somerset Minerals (ASX:SMM) 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.

Somerset Minerals Debt-to-Equity Related Terms

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Somerset Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TMRFF:USA 4W00:Germany

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.somersetminerals.com.au

Somerset Minerals Ltd is a mineral exploration company focusing on exploring and developing Gold, copper, and other mineral opportunities. The projects of the company include the Claypan Dam Project, the Montejinni Project, the Blackdome-Elizabeth Gold Project, and the Zamora Project. Its operating segments are Corporate Activities Australia, Exploration Activities Canada, and Exploration Activities Educator.