Horizon Minerals (ASX:HRZ) Debt-to-Equity : 0.01 (As of Dec. 2024)

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What is Horizon Minerals Debt-to-Equity?

Horizon Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.07 Mil. Horizon Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.25 Mil. Horizon Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$55.08 Mil. Horizon Minerals's debt to equity for the quarter that ended in Dec. 2024 was 0.01.

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

ASX:HRZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.2
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Horizon Minerals was 0.20. The lowest was 0.00. And the median was 0.06.

ASX:HRZ's Debt-to-Equity is ranked better than
99.92% of 1239 companies
in the Metals & Mining industry
Industry Median: 0.14 vs ASX:HRZ: 0.01

Horizon Minerals Debt-to-Equity Historical Data

The historical data trend for Horizon 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.

Horizon Minerals Debt-to-Equity Chart

Horizon Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.10

0.20

0.18

Horizon Minerals Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.20	-	0.18	0.01

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

For the Gold subindustry, Horizon 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.

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

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

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

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Horizon Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Horizon Minerals'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
	=	(8.228	+	0)	/	46.275
	=	0.18

Horizon Minerals's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.066	+	0.247)	/	55.075
	=	0.01

Horizon Minerals (ASX:HRZ) 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.

Horizon Minerals Debt-to-Equity Related Terms

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

Horizon Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

I6R:Germany

Address

16 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.horizonminerals.com.au

Horizon Minerals Ltd is an emerging mid-tier gold producer with an portfolio of gold projects located in the Western Australian goldfields. The Company is actively exploring for new discoveries in Western Australian Goldfields for gold and other commodities including Nickel-Cobalt, Silver-Zinc, PGEs and Lithium across its extensive land holdings. Its projects include Boorara Gold Project, Kalgoorlie region project, induli-Teal project area, Nimbus Silver Zinc Project, etc.

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