Lotus Resources (ASX:LOT) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Lotus Resources Debt-to-Equity?

Lotus Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Lotus Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Lotus Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$117.17 Mil. Lotus 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 Lotus Resources's Debt-to-Equity or its related term are showing as below:

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

ASX:LOT'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.

Lotus Resources Debt-to-Equity Historical Data

The historical data trend for Lotus 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.

Lotus Resources Debt-to-Equity Chart

Lotus Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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Lotus Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Lotus 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.

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

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

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

Lotus Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lotus 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)	/	35.094
	=	0.00

Lotus 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)	/	117.17
	=	0.00

Lotus Resources (ASX:LOT) 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.

Lotus Resources Debt-to-Equity Related Terms

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Lotus Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LTSRF:USA 7D0:Germany

Address

140 St Georges Terrace, Level 20, Perth, WA, AUS, 6000

Website

https://www.lotusresources.com.au

Lotus Resources Ltd is a mineral exploration company engaged in the development of interests in exploration and development projects in the resource industry in Australia and Malawi. It holds an interest in the Kayelekera Uranium Project located in northern Malawi, the Letlhakane Uranium Project in Botswana, and the Wilconi Nickel-Cobalt Project in Australia. The company operates in four business segments and two geographical locations, being the exploration, evaluation, and development of Uranium assets in Africa (comprising the geographical locations Malawi and Botswana), nickel-cobalt exploration, evaluation, and development in Australia, and Corporate activities in Australia.