Auric Mining (ASX:AWJ) Debt-to-Equity : 0.01 (As of Jun. 2024)

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What is Auric Mining Debt-to-Equity?

Auric Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.08 Mil. Auric Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.00 Mil. Auric Mining's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$15.83 Mil. Auric Mining's debt to equity for the quarter that ended in Jun. 2024 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 Auric Mining's Debt-to-Equity or its related term are showing as below:

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

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

ASX:AWJ's Debt-to-Equity is ranked better than
99.92% of 1235 companies
in the Metals & Mining industry
Industry Median: 0.14 vs ASX:AWJ: 0.01

Auric Mining Debt-to-Equity Historical Data

The historical data trend for Auric Mining'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.

Auric Mining Debt-to-Equity Chart

Auric Mining Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.02

0.01

Auric Mining Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial			0.02	0.01	0.01	0.01	0.01

Competitive Comparison of Auric Mining's Debt-to-Equity

For the Gold subindustry, Auric Mining'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.

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

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

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

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Auric Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Auric Mining'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
	=	(0.024	+	0.069)	/	11.933
	=	0.01

Auric Mining's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(0.082	+	0)	/	15.834
	=	0.01

Auric Mining (ASX:AWJ) 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.

Auric Mining Debt-to-Equity Related Terms

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

Auric Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/- Danpalo Group Pty Ltd, 1 Tully Road, Suite 1, East Perth, WA, AUS, 6004

Website

https://www.auricmining.com.au

Auric Mining Ltd is a mineral exploration company. It explores and develops gold projects in the Widgiemooltha regions of Western Australia. The company's gold project includes the Munda Project, Jeffreys Find gold Project, and Spargoville gold Project.

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