Larvotto Resources (ASX:LRV) Debt-to-Equity : 0.02 (As of Jun. 2024)

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What is Larvotto Resources Debt-to-Equity?

Larvotto Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.20 Mil. Larvotto Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.00 Mil. Larvotto Resources's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$8.90 Mil. Larvotto Resources's debt to equity for the quarter that ended in Jun. 2024 was 0.02.

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

ASX:LRV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.02 Max: 0.02
Current: 0.02

During the past 2 years, the highest Debt-to-Equity Ratio of Larvotto Resources was 0.02. The lowest was 0.02. And the median was 0.02.

ASX:LRV's Debt-to-Equity is ranked better than
83.6% of 1250 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:LRV: 0.02

Larvotto Resources Debt-to-Equity Historical Data

The historical data trend for Larvotto 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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Larvotto Resources Debt-to-Equity Chart

Larvotto Resources Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

Larvotto Resources Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	0.02

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

For the Other Precious Metals & Mining subindustry, Larvotto 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.

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

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

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

Larvotto Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Larvotto Resources's Debt to Equity Ratio for the fiscal year 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)	/	11.325
	=	0.00

Larvotto Resources's Debt to Equity Ratio for the quarter 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
	=	(0.196	+	0)	/	8.897
	=	0.02

Larvotto Resources (ASX:LRV) 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.

Larvotto Resources Debt-to-Equity Related Terms

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

Larvotto Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

K6X:Germany

Address

88 Broadway, Suite 1, Nedlands, WA, AUS, 6009

Website

https://www.larvottoresources.com

Larvotto Resources Ltd is engaged in the exploration and evaluation of mineral resources projects in New South Wales, Western Australia, Queensland, and New Zealand. Its projects portfolio includes Hillgrove Gold Antimony project, Mt Isa Copper project, Ohakuri project, and Eyre project.

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