Augustus Minerals (ASX:AUG) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Augustus Minerals Debt-to-Equity?

Augustus Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.01 Mil. Augustus Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Augustus Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$13.94 Mil. Augustus Minerals'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 Augustus Minerals's Debt-to-Equity or its related term are showing as below:

During the past 2 years, the highest Debt-to-Equity Ratio of Augustus Minerals was 0.53. The lowest was 0.00. And the median was 0.00.

ASX:AUG'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.

Augustus Minerals Debt-to-Equity Historical Data

The historical data trend for Augustus 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.

Augustus Minerals Debt-to-Equity Chart

Augustus Minerals Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.53

Augustus Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.53	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Augustus 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.

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

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

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

Augustus Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Augustus Minerals'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
	=	(0.012	+	0.003)	/	14.526
	=	0.00

Augustus Minerals'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
	=	(0.009	+	0)	/	13.938
	=	0.00

Augustus Minerals (ASX:AUG) 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.

Augustus Minerals Debt-to-Equity Related Terms

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

Augustus Minerals (ASX:AUG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 – 43 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.augustusminerals.com.au

Augustus Minerals Ltd is an Exploration Company exploring for Rare Earths, Lithium, Copper-Gold, and Nickel-copper-PGEs in a large tenement package located in the Gascoyne Province of Western Australia. The project covers approximately 3,905km2 of granted and under application tenements located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon. The company's projects include Crawford Bore Area, Lyons Central Area, Minnie Springs Area, and Mt Phillips Area.

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