Energy Transition Minerals (ASX:ETM) Debt-to-Equity : 0.04 (As of Jun. 2023)

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What is Energy Transition Minerals Debt-to-Equity?

Energy Transition Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.32 Mil. Energy Transition Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.61 Mil. Energy Transition Minerals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$22.87 Mil. Energy Transition Minerals's debt to equity for the quarter that ended in Jun. 2023 was 0.04.

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 Energy Transition Minerals's Debt-to-Equity or its related term are showing as below:

ASX:ETM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.04
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Energy Transition Minerals was 0.04. The lowest was 0.00. And the median was 0.01.

ASX:ETM's Debt-to-Equity is ranked better than
99.92% of 1312 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:ETM: 0.01

Energy Transition Minerals Debt-to-Equity Historical Data

The historical data trend for Energy Transition Minerals'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.

Energy Transition Minerals Debt-to-Equity Chart

Energy Transition Minerals Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.01

0.03

0.04

0.01

Energy Transition Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	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															0.03	-	0.04	0.04	0.01

Competitive Comparison of Energy Transition Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Energy Transition Minerals'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.

Energy Transition Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Energy Transition Minerals's Debt-to-Equity falls into.

Energy Transition Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Energy Transition Minerals'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
	=	(0.236	+	0.034)	/	20.82
	=	0.01

Energy Transition Minerals'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
	=	(0.321	+	0.609)	/	22.87
	=	0.04

Energy Transition Minerals (ASX:ETM) 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.

Energy Transition Minerals Debt-to-Equity Related Terms

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Energy Transition Minerals (ASX:ETM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Energy Transition Minerals Ltd (ASX:ETM) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

GDLNF:USA G7PA:Germany

Address

Unit 7, 100 Railway Road, Subiaco, WA, AUS, 6008

Website

https://www.etransmin.com

Energy Transition Minerals Ltd is a mineral exploration and evaluation company. It is focused on advancing the Kvanefjeld multi-element project (rare earth elements, uranium, and zinc). Kvanefjeld project is centered on the Ilimaussaq Alkaline Complex in southern Greenland. The group also commenced initial exploration work on the Villasrubias lithium project in Spain.

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