Korab Resources (ASX:KOR) Debt-to-Equity: -17.09 (As of Dec. 2024)

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What is Korab Resources Debt-to-Equity?

Korab Resources ASX:KOR Debt-to-Equity is -17.09 as of Dec. 2024.

Korab Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. Korab Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$4.80 Mil. Korab Resources's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$-0.28 Mil. Korab Resources's debt to equity for the quarter that ended in Dec. 2024 was -17.09.

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 Korab Resources's Debt-to-Equity or its related term are showing as below:

ASX:KOR's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.15
* Ranked among companies with meaningful Debt-to-Equity only.

Korab Resources  (ASX:KOR) 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.

Korab Resources Debt-to-Equity Related Terms

Korab Resources Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Korab 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.

Korab Resources Debt-to-Equity Chart

Korab Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 2.19 1.16 3.05 27.49

Korab Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.59 3.05 4.89 27.49 -17.09

Korab Resources Debt-to-Equity Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Korab 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.

Korab Resources Debt-to-Equity vs Metals & Mining Industry

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

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


Korab Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Korab Resources'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
=(0.035 + 4.253) / 0.156
=27.49

Korab Resources'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 + 4.802) / -0.281
=-17.09

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -17.09 mean?
Korab Resources (ASX:KOR) has a Debt-to-Equity of -17.09 as of Dec. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Korab Resources and its competitors.
Is Korab Resources' Debt-to-Equity too high?
Korab Resources' current Debt-to-Equity is -17.09.
How does Korab Resources' Debt-to-Equity compare to competitors?
Korab Resources' Debt-to-Equity of -17.09 can be compared against companies in the Metals & Mining industry. The industry median Debt-to-Equity is 0.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,218 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Korab Resources and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Korab Resources's current Debt-to-Equity is -17.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Korab Resources stock overvalued right now?
Korab Resources (ASX:KOR) has a current Debt-to-Equity of -17.09. The current Debt-to-Equity is -17.09. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Korab Resources (ASX:KOR), the current Debt-to-Equity is -17.09 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Korab Resources Business Description

Address 20 Prowse Street, West Perth, Perth, WA, AUS, 6005
Korab Resources Ltd is a battery and precious metals mining and exploration company. It is engaged in mineral exploration and the evaluation of mineral properties. It corporate strategy is to locate, acquire, advance and then crystallise value from their prospects and deposits though development, joint venture or sale. It operates development projects in Australia and exploration projects in Northern Territory. The company projects include the Bobrikovo project located in Ukraine, the Winchester magnesium and the Geolsec Phosphate projects, the Sundance project, the Batchelor and the Green Alligator projects located in Northern Territory, and the Mt. Elephant project situated in Western Australia.