Astral Resources NL (ASX:AAR) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Astral Resources NL Debt-to-Equity?

Astral Resources NL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.26 Mil. Astral Resources NL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.08 Mil. Astral Resources NL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$28.67 Mil. Astral Resources NL's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Astral Resources NL's Debt-to-Equity or its related term are showing as below:

ASX:AAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.14
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Astral Resources NL was 0.14. The lowest was 0.00. And the median was 0.01.

ASX:AAR's Debt-to-Equity is ranked better than
99.92% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:AAR: 0.01

Astral Resources NL Debt-to-Equity Historical Data

The historical data trend for Astral Resources NL'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.

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Astral Resources NL Debt-to-Equity Chart

Astral Resources NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

Astral Resources NL 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

Competitive Comparison of Astral Resources NL's Debt-to-Equity

For the Gold subindustry, Astral Resources NL'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.

Astral Resources NL's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Astral Resources NL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Astral Resources NL'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
	=	(0.051	+	0)	/	25.505
	=	0.00

Astral Resources NL'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
	=	(0.26	+	0.075)	/	28.672
	=	0.01

Astral Resources NL (ASX:AAR) 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.

Astral Resources NL Debt-to-Equity Related Terms

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Astral Resources NL (ASX:AAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Astral Resources NL (ASX:AAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Lyall Street, Suite 2, South Perth, WA, AUS, 6151

Website

https://www.astralresources.com.au

Astral Resources NL is a resources company. It is organized into one operating segment, which involves exploration throughout Australia. The company is exploring for gold and base metals in Western Australia, its projects being: Feysville Gold, Koongie Park Gold and Base Metals Project, Mandilla Gold, Carnilya Hill Gold Project, and Leonora Base Metals.

Astral Resources NL (ASX:AAR) Headlines

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