Genesis Minerals (ASX:GMD) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Genesis Minerals Debt-to-Equity?

Genesis Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.0 Mil. Genesis Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$29.4 Mil. Genesis Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$879.2 Mil. Genesis Minerals's debt to equity for the quarter that ended in Dec. 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 Genesis Minerals's Debt-to-Equity or its related term are showing as below:

ASX:GMD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.05
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Genesis Minerals was 0.05. The lowest was 0.01. And the median was 0.04.

ASX:GMD's Debt-to-Equity is ranked better than
70.43% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:GMD: 0.04

Genesis Minerals Debt-to-Equity Historical Data

The historical data trend for Genesis 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.

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Genesis Minerals Debt-to-Equity Chart

Genesis Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

Genesis Minerals 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															-	-	0.05	0.01	0.04

Competitive Comparison of Genesis Minerals's Debt-to-Equity

For the Gold subindustry, Genesis 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.

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

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

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

Genesis Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Genesis Minerals'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
	=	(4.364	+	6.987)	/	838.236
	=	0.01

Genesis Minerals'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
	=	(5.96	+	29.397)	/	879.224
	=	0.04

Genesis Minerals (ASX:GMD) 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.

Genesis Minerals Debt-to-Equity Related Terms

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Genesis Minerals (ASX:GMD) Business Description

Industry

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

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GSISF:USA

Address

Level 7, 40 The Esplanade, Perth, WA, AUS, 6000

Website

https://www.genesisminerals.com.au

Genesis Minerals Ltd is an Australian gold exploration company. The Group's sole activity is mineral production, exploration and development of mineral interests in the Leonora region, wholly within Australia It owns an interest in Ulysses Gold Project and Barimaia Gold Project. The company generates revenue from the sale of Gold and Silver, with the majority of revenue coming from the sale of Gold.

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