Bowen Coking Coal (ASX:BCB) Debt-to-Equity : 16.25 (As of Jun. 2024)

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What is Bowen Coking Coal Debt-to-Equity?

Bowen Coking Coal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$50.0 Mil. Bowen Coking Coal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$108.8 Mil. Bowen Coking Coal's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$9.8 Mil. Bowen Coking Coal's debt to equity for the quarter that ended in Jun. 2024 was 16.25.

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 Bowen Coking Coal's Debt-to-Equity or its related term are showing as below:

ASX:BCB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.5 Max: 16.25
Current: 16.25

During the past 13 years, the highest Debt-to-Equity Ratio of Bowen Coking Coal was 16.25. The lowest was 0.00. And the median was 0.50.

ASX:BCB's Debt-to-Equity is ranked worse than
99.64% of 557 companies
in the Steel industry
Industry Median: 0.43 vs ASX:BCB: 16.25

Bowen Coking Coal Debt-to-Equity Historical Data

The historical data trend for Bowen Coking Coal'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.

Bowen Coking Coal Debt-to-Equity Chart

Bowen Coking Coal Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.01

0.50

4.55

16.25

Bowen Coking Coal Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.50	1.81	4.55	3.77	16.25

Competitive Comparison of Bowen Coking Coal's Debt-to-Equity

For the Coking Coal subindustry, Bowen Coking Coal'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.

Bowen Coking Coal's Debt-to-Equity Distribution in the Steel Industry

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

* The bar in red indicates where Bowen Coking Coal's Debt-to-Equity falls into.

Bowen Coking Coal Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bowen Coking Coal's Debt to Equity Ratio for the fiscal year 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
	=	(49.974	+	108.81)	/	9.774
	=	16.25

Bowen Coking Coal'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
	=	(49.974	+	108.81)	/	9.774
	=	16.25

Bowen Coking Coal (ASX:BCB) 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.

Bowen Coking Coal Debt-to-Equity Related Terms

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Bowen Coking Coal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bowen Coking Coal Ltd (ASX:BCB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

167 Eagle Street, Level 4, Brisbane, QLD, AUS, 4000

Website

https://www.bowencokingcoal.com.au

Bowen Coking Coal Ltd is a coking coal exploration company. The firm holds the Broadmeadow East, Hillalong, Isaac River, Cooroorah, and Comet Ridge Coking Coal Projects, Bluff Mine, located in the Bowen Basin in Queensland, Australia. Also, BCB is a joint venture partner in the Lilyvale (15% interest) and Mackenzie (5% interest) Coking Coal Projects. The Group operates in one geographical location being Australia and its operations are organized into two business units being the exploration and development of coal and mining and sale of coal.

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