Galileo Mining (ASX:GAL) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Galileo Mining Debt-to-Equity?

Galileo Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Galileo Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Galileo Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$42.79 Mil. Galileo Mining'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 Galileo Mining's Debt-to-Equity or its related term are showing as below:

During the past 7 years, the highest Debt-to-Equity Ratio of Galileo Mining was 0.01. The lowest was 0.00. And the median was 0.00.

ASX:GAL'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.

Galileo Mining Debt-to-Equity Historical Data

The historical data trend for Galileo Mining'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.

Galileo Mining Debt-to-Equity Chart

Galileo Mining Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

Galileo Mining Semi-Annual Data
	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 Galileo Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Galileo Mining'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.

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

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

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

Galileo Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Galileo Mining'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
	=	(0.055	+	0)	/	43.277
	=	0.00

Galileo Mining'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
	=	(0.025	+	0)	/	42.787
	=	0.00

Galileo Mining (ASX:GAL) 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.

Galileo Mining Debt-to-Equity Related Terms

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

Galileo Mining (ASX:GAL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Colin Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.galileomining.com.au

Galileo Mining Ltd is engaged in the business of mineral exploration and development in Western Australia. It holds interests in the Fraser Range Project which covers exploration licences of approximately 492 km2 in the Albany-Fraser Orogen and Norseman Project which comprises exploration and prospecting licenses covering a total area of approximately 351 km2.