Sunrise Energy Metals (Sunrise Energy Metals) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Sunrise Energy Metals Debt-to-Equity?

Sunrise Energy Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.06 Mil. Sunrise Energy Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.16 Mil. Sunrise Energy Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8.49 Mil. Sunrise Energy Metals'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 Sunrise Energy Metals's Debt-to-Equity or its related term are showing as below:

SREMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.37
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Sunrise Energy Metals was 0.37. The lowest was 0.00. And the median was 0.03.

SREMF's Debt-to-Equity is ranked better than
89.96% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs SREMF: 0.03

Sunrise Energy Metals Debt-to-Equity Historical Data

The historical data trend for Sunrise Energy Metals'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.

Sunrise Energy Metals Debt-to-Equity Chart

Sunrise Energy Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.03

0.02

0.01

Sunrise Energy Metals 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															0.01	0.01	0.01	0.01	0.03

Competitive Comparison of Sunrise Energy Metals's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Sunrise Energy Metals'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.

Sunrise Energy Metals's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunrise Energy Metals's Debt-to-Equity distribution charts can be found below:

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

Sunrise Energy Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunrise Energy Metals'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
	=	(0.056	+	0.006)	/	10.831
	=	0.01

Sunrise Energy Metals'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
	=	(0.061	+	0.164)	/	8.485
	=	0.03

Sunrise Energy Metals (OTCPK:SREMF) 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.

Sunrise Energy Metals Debt-to-Equity Related Terms

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Sunrise Energy Metals (Sunrise Energy Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunrise Energy Metals Ltd (OTCPK:SREMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4CQA:Germany SRL:Australia

Address

10 Queen Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.sunriseem.com

Sunrise Energy Metals Ltd is an Australia-based company engaged in providing metals recovery and industrial water treatment solutions through its proprietary Clean-iX continuous ion exchange technology. It focuses on metals that are highly geared to disruptive changes in technologies and markets, particularly in global energy and transport. The company operates wholly in the Australia.

Sunrise Energy Metals (Sunrise Energy Metals) Headlines

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