Newfield Resources (ASX:NWF) Debt-to-Asset : 1.95 (As of Jun. 2024)

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What is Newfield Resources Debt-to-Asset?

Newfield Resources ASX:NWF Debt-to-Asset is 1.95 as of Jun. 2024.

Newfield Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$4.49 Mil. Newfield Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$2.44 Mil. Newfield Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was A$3.55 Mil. Newfield Resources's debt to asset for the quarter that ended in Jun. 2024 was 1.95.

Newfield Resources  (ASX:NWF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Newfield Resources Debt-to-Asset Related Terms

Newfield Resources Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Newfield Resources's Debt-to-Asset 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.

Newfield Resources Debt-to-Asset Chart

Newfield Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.31 0.00 0.21 1.95

Newfield Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.03 0.21 0.01 1.95

ASX:NWF vs HL: Debt-to-Asset Comparison

For the Other Precious Metals & Mining subindustry, Newfield Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Newfield Resources Debt-to-Asset vs Metals & Mining Industry

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

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


Newfield Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Newfield Resources's Debt-to-Asset for the fiscal year that ended in Jun. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(4.492 + 2.442) / 3.548
=1.95

Newfield Resources's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(4.492 + 2.442) / 3.548
=1.95

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 1.95 mean?
Newfield Resources (ASX:NWF) has a Debt-to-Asset of 1.95 as of Jun. 2024. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Newfield Resources and its competitors.
Is Newfield Resources' Debt-to-Asset too high?
Newfield Resources' current Debt-to-Asset is 1.95.
How does Newfield Resources' Debt-to-Asset compare to HL?
Newfield Resources' Debt-to-Asset of 1.95 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Metals & Mining company?
A good Debt-to-Asset depends on the Metals & Mining industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Newfield Resources and its competitors. Newfield Resources's current Debt-to-Asset is 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newfield Resources stock overvalued right now?
Newfield Resources (ASX:NWF) has a current Debt-to-Asset of 1.95. The current Debt-to-Asset is 1.95. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Newfield Resources (ASX:NWF), the current Debt-to-Asset is 1.95 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newfield Resources Business Description

Address 4 Riseley Street, Suite 6, Applecross, Perth, WA, AUS, 6153
Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.