Australasian Metals (ASX:A8G) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Australasian Metals Debt-to-Equity?

Australasian Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. Australasian Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Australasian Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$7.35 Mil. Australasian Metals's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

During the past 4 years, the highest Debt-to-Equity Ratio of Australasian Metals was 0.01. The lowest was 0.00. And the median was 0.00.

ASX:A8G's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Australasian Metals Debt-to-Equity Historical Data

The historical data trend for Australasian 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.

Australasian Metals Debt-to-Equity Chart

Australasian Metals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

Australasian Metals Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.01	0.01	0.01	-	-

Competitive Comparison of Australasian Metals's Debt-to-Equity

For the Gold subindustry, Australasian 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.

Australasian Metals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Australasian Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Australasian 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
	=	(0.018	+	0.006)	/	7.187
	=	0.00

Australasian 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
	=	(0.016	+	0)	/	7.349
	=	0.00

Australasian Metals (ASX:A8G) 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.

Australasian Metals Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Australasian Metals's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Australasian Metals (ASX:A8G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australasian Metals Ltd (ASX:A8G) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

123B Colin Street, Unit 34, Level 5, West Perth, Perth, WA, AUS, 6008

Website

https://www.australasiangold.com

Australasian Metals Ltd is a gold and lithium exploration company focused on projects in Australia. It holds three projects namely May Queen gold project, Mt Clermont gold project, the Fairview gold project, and the Mt Peake Lithium Project.

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