Firebird Metals (ASX:FRB) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Firebird Metals Debt-to-Equity?

Firebird Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.00 Mil. Firebird Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.00 Mil. Firebird Metals's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$12.64 Mil. Firebird Metals's debt to equity for the quarter that ended in Jun. 2024 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 Firebird Metals's Debt-to-Equity or its related term are showing as below:

During the past 5 years, the highest Debt-to-Equity Ratio of Firebird Metals was 0.02. The lowest was 0.01. And the median was 0.02.

ASX:FRB'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.

Firebird Metals Debt-to-Equity Historical Data

The historical data trend for Firebird 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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Firebird Metals Debt-to-Equity Chart

Firebird Metals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

0.02

0.01

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

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

For the Other Industrial Metals & Mining subindustry, Firebird 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.

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

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

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

Firebird Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Firebird Metals'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	+	0)	/	12.638
	=	0.00

Firebird Metals'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	+	0)	/	12.638
	=	0.00

Firebird Metals (ASX:FRB) 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.

Firebird Metals Debt-to-Equity Related Terms

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

Firebird Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FRBMF:USA

Address

460 Stirling Highway, Unit 38, Peppermint Grove, Perth, WA, AUS, 6011

Website

https://www.firebirdmetals.com.au

Firebird Metals Ltd is engaged in the exploration and development of mineral properties in Australia. Its project includes Oakover Project, Hill 616 Project, Wandanya Project and Other Manganese Projects.

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