Alvo Minerals (ASX:ALV) Debt-to-Equity : 0.02 (As of Jun. 2023)

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What is Alvo Minerals Debt-to-Equity?

Alvo Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.04 Mil. Alvo Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.02 Mil. Alvo Minerals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$2.84 Mil. Alvo Minerals's debt to equity for the quarter that ended in Jun. 2023 was 0.02.

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 Alvo Minerals's Debt-to-Equity or its related term are showing as below:

ASX:ALV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.02
Current: 0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Alvo Minerals was 0.02. The lowest was 0.01. And the median was 0.02.

ASX:ALV's Debt-to-Equity is ranked better than
83.05% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:ALV: 0.02

Alvo Minerals Debt-to-Equity Historical Data

The historical data trend for Alvo Minerals'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.

Alvo Minerals Debt-to-Equity Chart

Alvo Minerals Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.02

Alvo Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.01	-	0.02	0.02	0.02

Competitive Comparison of Alvo Minerals's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Alvo Minerals'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.

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

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

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

Alvo Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alvo Minerals's Debt to Equity Ratio for the fiscal year 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
	=	(0.032	+	0)	/	2.184
	=	0.01

Alvo Minerals's Debt to Equity Ratio for the quarter 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
	=	(0.038	+	0.017)	/	2.835
	=	0.02

Alvo Minerals (ASX:ALV) 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.

Alvo Minerals Debt-to-Equity Related Terms

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

Alvo Minerals (ASX:ALV) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

96-100 Albert Road, Level 4, South Melbourne, VIC, AUS, 3205

Website

https://www.alvo.com.au

Alvo Minerals Ltd is an active critical minerals exploration company operating in the under-explored Palmeiropolis region of central Brazil. Alvo holds the Bluebush HREE Project and the Palma Cu-Zn VMS Project.