Advance Metals (ASX:AVM) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Advance Metals Debt-to-Equity?

Advance Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Advance Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Advance Metals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$5.26 Mil. Advance Metals's debt to equity for the quarter that ended in Jun. 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 Advance Metals's Debt-to-Equity or its related term are showing as below:

ASX:AVM's Debt-to-Equity is not ranked ^*
in the Steel industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Advance Metals Debt-to-Equity Historical Data

The historical data trend for Advance 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.

Advance Metals Debt-to-Equity Chart

Advance Metals Annual Data

Trend

Aug14

Aug15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Advance Metals Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	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															-	-	-	-	-

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

For the Coking Coal subindustry, Advance 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.

Advance Metals's Debt-to-Equity Distribution in the Steel Industry

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

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

Advance Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advance Metals'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	+	0)	/	5.674
	=	0.00

Advance Metals'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	+	0)	/	5.258
	=	0.00

Advance Metals (ASX:AVM) 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.

Advance Metals Debt-to-Equity Related Terms

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Advance Metals (ASX:AVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Advance Metals Ltd (ASX:AVM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 York Street, Suite 706, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.advancemetals.com.au

Advance Metals Ltd is a Australia-based mineral exploration company engaged in investment in renewable energy and coal exploration. It holds coal licenses for exploration in the coking coal regions of Kootenay in British Columbia and applications for exploration licenses in the metallurgical coal region of the Arkoma Basin in Oklahoma. The Group has only two reportable segments, being the geographic location of assets in Canada and Australia. The company plans to develop a portfolio of projects that support the green economy through the discovery and delivery of commodities that promote electrification and decarbonization.

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