Litchfield Minerals (ASX:LMS) Debt-to-Equity : 0.00 (As of Dec. 2024)

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What is Litchfield Minerals Debt-to-Equity?

Litchfield Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. Litchfield Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. Litchfield Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$4.50 Mil. Litchfield Minerals's debt to equity for the quarter that ended in Dec. 2024 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 Litchfield Minerals's Debt-to-Equity or its related term are showing as below:

During the past 3 years, the highest Debt-to-Equity Ratio of Litchfield Minerals was 0.14. The lowest was 0.01. And the median was 0.07.

ASX:LMS's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

Litchfield Minerals Debt-to-Equity Historical Data

The historical data trend for Litchfield 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.

Litchfield Minerals Debt-to-Equity Chart

Litchfield Minerals Annual Data

Trend

Jun22

Jun23

Jun24

Debt-to-Equity

N/A

0.01

Litchfield Minerals Semi-Annual Data
	Jun22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	N/A	0.01	0.14	-	-

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

For the Other Precious Metals & Mining subindustry, Litchfield 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.

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

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

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

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Litchfield Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Litchfield Minerals'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	+	0)	/	4.658
	=	0.00

Litchfield Minerals'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	+	0)	/	4.5
	=	0.00

Litchfield Minerals (ASX:LMS) 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.

Litchfield Minerals Debt-to-Equity Related Terms

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

Litchfield Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Market Street, Level 6, Suite 606, Brisbane, QLD, AUS, 4000

Website

https://www.litchfieldminerals.com.au

Litchfield Minerals Ltd is a mining company that has conducted mineral exploration activities in the Northern Territory of Australia. The company's main focus is on exploring copper tungsten, rare earth elements, uranium, and gold. Its primary project is the Mount Doreen Project, in which it holds a 100% interest. Litchfield Minerals seeks to further explore, drill and if appropriate, develop its projects, with a focus on listing on the Mount Doreen Project and and Lucy Creek Project.

Litchfield Minerals Headlines

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