Alkane Resources (Alkane Resources) Debt-to-Equity

: 0.03 (As of Dec. 2023)

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Alkane Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.8 Mil. Alkane Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.5 Mil. Alkane Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $212.2 Mil. Alkane Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Alkane Resources's Debt-to-Equity or its related term are showing as below:

ALKEF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.08
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Alkane Resources was 0.08. The lowest was 0.02. And the median was 0.05.

ALKEF's Debt-to-Equity is ranked better than
75.15% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ALKEF: 0.03

Alkane Resources Debt-to-Equity Historical Data

The historical data trend for Alkane 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.

Alkane Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.03

0.05

0.06

0.05

Alkane Resources 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																0.08	0.06	0.05	0.05	0.03

Competitive Comparison

For the Gold subindustry, Alkane 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.

Alkane Resources Debt-to-Equity Distribution

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

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

Alkane Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alkane Resources's Debt to Equity Ratio for the fiscal year 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
	=	(4.947	+	4.144)	/	201.34
	=	0.05

Alkane Resources's Debt to Equity Ratio for the quarter 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
	=	(4.753	+	2.544)	/	212.197
	=	0.03

Alkane Resources (OTCPK:ALKEF) 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.

Alkane Resources Debt-to-Equity Related Terms

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Alkane Resources (Alkane Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alkane Resources Ltd (OTCPK:ALKEF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AK7:Germany ALK:Australia

Address

66 Kings Park Road, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.alkane.com.au

Alkane Resources Ltd owns and operates Tomingley Gold Operations, an open pit and underground gold mining development, located 50km southwest of Dubbo. It also holds several prospective gold and copper tenements in Central West NSW, including the Boda deposit 20km north of Wellington. The initial Boda and Kaiser resource estimates suggest a genuine prospect for a large-tonnage gold-copper development.

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