Desoto Resources (ASX:DES) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Desoto Resources Debt-to-Equity?

Desoto Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.05 Mil. Desoto Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.13 Mil. Desoto Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$9.36 Mil. Desoto Resources's debt to equity for the quarter that ended in Dec. 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 Desoto Resources's Debt-to-Equity or its related term are showing as below:

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

During the past 2 years, the highest Debt-to-Equity Ratio of Desoto Resources was 0.02. The lowest was 0.02. And the median was 0.02.

ASX:DES's Debt-to-Equity is ranked better than
84.09% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:DES: 0.02

Desoto Resources Debt-to-Equity Historical Data

The historical data trend for Desoto Resources'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.

Desoto Resources Debt-to-Equity Chart

Desoto Resources Annual Data

Trend

Jun23

Jun24

Debt-to-Equity

0.02

Desoto Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	0.02	0.02	0.02	0.02

Competitive Comparison of Desoto Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Desoto Resources'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.

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

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

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

Desoto Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Desoto Resources'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
	=	(0.055	+	0.103)	/	9.041
	=	0.02

Desoto Resources'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
	=	(0.054	+	0.134)	/	9.358
	=	0.02

Desoto Resources (ASX:DES) 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.

Desoto Resources Debt-to-Equity Related Terms

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

Desoto Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Outram Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.desotoresources.com

Desoto Resources Ltd is into exploring and developing mineral projects. It owns interest in the Pine Creek Project located in the Northern Territory. The company's project includes fenix lithium-gold project, fenton gold project, and spectrum ree project.

Desoto Resources Headlines

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