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iTech Minerals (ASX:ITM) Debt-to-Equity : 0.01 (As of Dec. 2023)


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What is iTech Minerals Debt-to-Equity?

iTech Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.08 Mil. iTech Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.06 Mil. iTech Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$20.77 Mil. iTech Minerals's debt to equity for the quarter that ended in Dec. 2023 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 iTech Minerals's Debt-to-Equity or its related term are showing as below:

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

During the past 3 years, the highest Debt-to-Equity Ratio of iTech Minerals was 0.01. The lowest was 0.00. And the median was 0.01.

ASX:ITM's Debt-to-Equity is ranked better than
99.92% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:ITM: 0.01

iTech Minerals Debt-to-Equity Historical Data

The historical data trend for iTech 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.

iTech Minerals Debt-to-Equity Chart

iTech Minerals Annual Data
Trend Jun22 Jun23 Jun24
Debt-to-Equity
0.01 0.01 0.01

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

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

For the Other Industrial Metals & Mining subindustry, iTech 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.

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

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

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


iTech Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

iTech 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
=(0.058 + 0.042) / 21.148
=0.00

iTech 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
=(0.082 + 0.057) / 20.766
=0.01

* 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.

iTech Minerals  (ASX:ITM) 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.

iTech Minerals Debt-to-Equity Related Terms

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

iTech Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » iTech Minerals Ltd (ASX:ITM) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
ITMIF:USA
Address
170 Greenhill Road, Level 3, Parkside, Adelaide, SA, AUS, 5063
Website
https://www.itechminerals.com.au
iTech Minerals Ltd is a speculative exploration company. It is an industrial and battery minerals exploration and development company with a focus on developing the Eyre Peninsula and Franklyn Project halloysite-kaolinite projects and the Campoona Graphite Project in South Australia.