Everest Metals (ASX:EMC) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Everest Metals Debt-to-Equity?

Everest Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. Everest Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Everest Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$11.62 Mil. Everest Metals'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 Everest Metals's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Everest Metals was 0.82. The lowest was 0.00. And the median was 0.01.

ASX:EMC'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.

Everest Metals Debt-to-Equity Historical Data

The historical data trend for Everest 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.

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Everest Metals Debt-to-Equity Chart

Everest Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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Everest Metals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															-	-	0.01	-	-

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

For the Other Industrial Metals & Mining subindustry, Everest 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.

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

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

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

Everest Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Everest Metals'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
	=	(0.027	+	0.008)	/	9.181
	=	0.00

Everest Metals'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
	=	(0.022	+	0)	/	11.623
	=	0.00

Everest Metals (ASX:EMC) 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.

Everest Metals Debt-to-Equity Related Terms

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Everest Metals (ASX:EMC) Business Description

Industry

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

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Traded in Other Exchanges

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Address

256 Adelaide Terrace, Suite 4.02, Level 4, Perth, WA, AUS, 6000

Website

https://www.everestmetals.au

Everest Metals Corp Ltd is a company exploring economic deposits containing Cobalt in prospective areas within stable jurisdictions. Cobalt is a strategic mineral and an essential element used in batteries important for the growth of renewable energy in the world. The projects of the company include Revere; Mt Dimer; Rover; Yarbu; Ninghan and Mt Edon.