Patronus Resources (ASX:PTN) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Patronus Resources Debt-to-Equity?

Patronus Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Patronus Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Patronus Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$29.26 Mil. Patronus Resources'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 Patronus Resources's Debt-to-Equity or its related term are showing as below:

During the past 10 years, the highest Debt-to-Equity Ratio of Patronus Resources was 0.87. The lowest was 0.13. And the median was 0.51.

ASX:PTN'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.

Patronus Resources Debt-to-Equity Historical Data

The historical data trend for Patronus Resources'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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Patronus Resources Debt-to-Equity Chart

Patronus Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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Patronus Resources 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															-	-	-	-	-

Competitive Comparison of Patronus Resources's Debt-to-Equity

For the Gold subindustry, Patronus Resources'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.

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

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

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

Patronus Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Patronus Resources'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)	/	18.259
	=	0.00

Patronus Resources'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	+	0)	/	29.261
	=	0.00

Patronus Resources (ASX:PTN) 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.

Patronus Resources Debt-to-Equity Related Terms

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Patronus Resources Business Description

Industry

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

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Address

342 Scarborough Beach Road, First Floor, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.kinmining.com.au

Kin Mining NL is a gold exploration company. The company is engaged in the exploration and development of gold properties. It holds a 100% interest in the Cardinia Gold Project. The other project include Desdemona, Murrin Murrin, Redcastle, MT Flora, Randwick Gold, and others. The company operates predominantly in one business and geographical segment which is mineral exploration in Australia.