M3 Mining (ASX:M3M) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is M3 Mining Debt-to-Equity?

M3 Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. M3 Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. M3 Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1.95 Mil. M3 Mining'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 M3 Mining's Debt-to-Equity or its related term are showing as below:

ASX:M3M'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.

M3 Mining Debt-to-Equity Historical Data

The historical data trend for M3 Mining'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.

M3 Mining Debt-to-Equity Chart

M3 Mining Annual Data

Trend

Jun22

Jun23

Jun24

Debt-to-Equity

M3 Mining Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of M3 Mining's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, M3 Mining'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.

M3 Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, M3 Mining's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where M3 Mining's Debt-to-Equity falls into.

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M3 Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

M3 Mining'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)	/	2.754
	=	0.00

M3 Mining'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)	/	1.954
	=	0.00

M3 Mining (ASX:M3M) 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.

M3 Mining Debt-to-Equity Related Terms

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M3 Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » M3 Mining Ltd (ASX:M3M) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 St Georges Terrace, Level 4, West Perth, Perth, WA, AUS, 6000

Website

https://www.m3mining.com.au

M3 Mining Ltd is a mining exploration company. It focuses on unlocking copper and gold deposit in West Australian mining jurisdiction. The company's project includes Victoria Bore Copper and Edjudina Gold. The Company has one reportable segment, being mineral exploration in Australia.

M3 Mining Headlines

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