Kingston Resources (ASX:KSN) Debt-to-Equity : 0.13 (As of Dec. 2023)

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What is Kingston Resources Debt-to-Equity?

Kingston Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.09 Mil. Kingston Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$9.25 Mil. Kingston Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$81.32 Mil. Kingston Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

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

ASX:KSN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.13
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Kingston Resources was 0.13. The lowest was 0.00. And the median was 0.01.

ASX:KSN's Debt-to-Equity is ranked better than
50.42% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:KSN: 0.13

Kingston Resources Debt-to-Equity Historical Data

The historical data trend for Kingston 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.

* Premium members only.

Kingston Resources Debt-to-Equity Chart

Kingston Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

0.13

Kingston 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															-	0.01	0.09	0.13	0.13

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

For the Gold subindustry, Kingston 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.

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

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

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

Kingston Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kingston 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
	=	(0.403	+	9.223)	/	76.455
	=	0.13

Kingston 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
	=	(1.087	+	9.253)	/	81.317
	=	0.13

Kingston Resources (ASX:KSN) 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.

Kingston Resources Debt-to-Equity Related Terms

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Kingston Resources (ASX:KSN) Business Description

Industry

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

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Traded in Other Exchanges

RZZ:Germany

Address

201 Miller Street, Suite 202, North Sydney, NSW, AUS, 2060

Website

https://www.kingstonresources.com.au

Kingston Resources Ltd is an Australian-based mineral exploration company that engages in acquiring and exploring gold projects. It operates in two business segment which is the Exploration and Evaluation of Minerals in Australia and mining. Its projects are Misima Gold Project, Mineral Hill Mine and Livingstone Gold Project. Geographically it derives the majority of its revenue from Australia.

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