ASMMF (Australian Strategic Materials) Debt-to-Equity : 0.08 (As of Jun. 2024)

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What is Australian Strategic Materials Debt-to-Equity?

Australian Strategic Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $10.98 Mil. Australian Strategic Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.22 Mil. Australian Strategic Materials's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $135.84 Mil. Australian Strategic Materials's debt to equity for the quarter that ended in Jun. 2024 was 0.08.

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 Australian Strategic Materials's Debt-to-Equity or its related term are showing as below:

ASMMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.08 Max: 0.09
Current: 0.08

During the past 4 years, the highest Debt-to-Equity Ratio of Australian Strategic Materials was 0.09. The lowest was 0.08. And the median was 0.08.

ASMMF's Debt-to-Equity is ranked better than
59.15% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASMMF: 0.08

Australian Strategic Materials Debt-to-Equity Historical Data

The historical data trend for Australian Strategic Materials'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.

Australian Strategic Materials Debt-to-Equity Chart

Australian Strategic Materials Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

0.09

0.08

Australian Strategic Materials Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial				0.09	0.08	0.08	0.09	0.08

Competitive Comparison of Australian Strategic Materials's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Australian Strategic Materials'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.

Australian Strategic Materials's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Australian Strategic Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Australian Strategic Materials'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
	=	(10.977	+	0.215)	/	135.841
	=	0.08

Australian Strategic Materials's Debt to Equity Ratio for the quarter 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
	=	(10.977	+	0.215)	/	135.841
	=	0.08

Australian Strategic Materials (OTCPK:ASMMF) 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.

Australian Strategic Materials Debt-to-Equity Related Terms

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Australian Strategic Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Strategic Materials Ltd (OTCPK:ASMMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ASM:Australia

Address

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

Website

https://www.asm-au.com

Australian Strategic Materials Ltd is engaged in the business of producing and mining specialty metal and oxides. The product portfolio includes neodymium, praseodymium, zirconium, hafnium, dysprosium, terbium and niobium oxides. Its Dubbo Project includes Central Western New South Wales, Australia. The company's segment includes Corporate, Dubbo, and Korea. The company generates majority of its revenue from Korea, which includes the Korean Metals Plant.

Australian Strategic Materials Headlines

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