Heavy Minerals (ASX:HVY) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Heavy Minerals Debt-to-Equity?

Heavy Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.07 Mil. Heavy Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.70 Mil. Heavy Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.33 Mil. Heavy Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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

ASX:HVY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.23 Max: 0.23
Current: 0.23

During the past 2 years, the highest Debt-to-Equity Ratio of Heavy Minerals was 0.23. The lowest was 0.23. And the median was 0.23.

ASX:HVY's Debt-to-Equity is ranked worse than
60.46% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:HVY: 0.23

Heavy Minerals Debt-to-Equity Historical Data

The historical data trend for Heavy 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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Heavy Minerals Debt-to-Equity Chart

Heavy Minerals Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

Heavy Minerals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	0.23

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

For the Other Industrial Metals & Mining subindustry, Heavy 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.

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

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

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

Heavy Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Heavy 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
	=	(0	+	0)	/	3.507
	=	0.00

Heavy 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
	=	(0.073	+	0.703)	/	3.325
	=	0.23

Heavy Minerals (ASX:HVY) 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.

Heavy Minerals Debt-to-Equity Related Terms

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Heavy Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 Saint Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.heavyminerals.com

Heavy Minerals Ltd is a mineral exploration and development company. It holds the right to acquire the Port Gregory Tenements, comprising five granted exploration licenses; and has applied for a mining concession at the Inhambane Project, comprising one mining concession license application. The firm operates in one business segment being the exploration for minerals with entities based in three geographic segments, being Australia, Mauritius and Mozambique.

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