AuraSource (AuraSource) Debt-to-Equity

: -0.49 (As of Sep. 2023)

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AuraSource's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.33 Mil. AuraSource's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.02 Mil. AuraSource's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-6.80 Mil. AuraSource's debt to equity for the quarter that ended in Sep. 2023 was -0.49.

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

ARAO' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.28 Med: -0.53 Max: 22.43
Current: -0.49

During the past 13 years, the highest Debt-to-Equity Ratio of AuraSource was 22.43. The lowest was -1.28. And the median was -0.53.

ARAO's Debt-to-Equity is not ranked
in the Utilities - Regulated industry.
Industry Median: 0.84 vs ARAO: -0.49

AuraSource Debt-to-Equity Historical Data

The historical data trend for AuraSource'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.

AuraSource Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-0.57

-0.55

-0.53

-0.50

AuraSource Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.51	-0.50	-0.50	-0.50	-0.49

Competitive Comparison

For the Utilities - Diversified subindustry, AuraSource'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.

AuraSource Debt-to-Equity Distribution

For the Utilities - Regulated industry and Utilities sector, AuraSource's Debt-to-Equity distribution charts can be found below:

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

AuraSource Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AuraSource's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(3.181	+	0.036)	/	-6.421
	=	-0.50

AuraSource's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3.334	+	0.021)	/	-6.799
	=	-0.49

AuraSource (OTCPK:ARAO) 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.

AuraSource Debt-to-Equity Related Terms

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AuraSource (AuraSource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » AuraSource Inc (OTCPK:ARAO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2103 E. Cedar Street, Suite 6, Tempe, AZ, USA, 8281

Website

https://www.aurasourceinc.com

AuraSource Inc is an energy-producing company. The business activity of the firm is operated through two divisions: AuraMetal and AuraMoto. The AuraMetal is focused on the development and production of environmentally friendly and cost-effective beneficiation process for complex ore, tailings, and slimes materials as industrial application solutions. AuraSource's core technology includes physical separation, hydrometallurgical and pyrometallurgy processes. AuraMoto is focused on sourcing various vendors and customers in the automotive industry.

Executives

Hong Kong Minerals Holdings Ltd	10 percent owner	20170 SCOTTSDALE ROAD, SUITE 107-293, SCOTTSDALE AZ 85255
Mongolian Natural Resources Investment Group (hong Kong) Co Ltd	10 percent owner	10250 CONSTELLATION BLVD, #2320, CENTURY CITY CA 90067
Eric Stoppenhagen	director, officer: CFO and Treasurer	8908 SPLITARROW DRIVE, AUSTIN TX 78717
Lawrence L Kohler	director	10115 E. BELL RD., STE 107-415, SCOTTSDALE AZ 85260
Hongliang Liu	director, officer: CEO and President	1744 E. DESERT WILLOW DR., PHOENIX AZ 85048

AuraSource (AuraSource) Headlines

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