MLG Oz (ASX:MLG) Debt-to-Equity : 0.47 (As of Dec. 2023)

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What is MLG Oz Debt-to-Equity?

MLG Oz's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$29.7 Mil. MLG Oz's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$29.6 Mil. MLG Oz's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$126.1 Mil. MLG Oz's debt to equity for the quarter that ended in Dec. 2023 was 0.47.

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 MLG Oz's Debt-to-Equity or its related term are showing as below:

ASX:MLG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.52 Max: 0.6
Current: 0.47

During the past 3 years, the highest Debt-to-Equity Ratio of MLG Oz was 0.60. The lowest was 0.05. And the median was 0.52.

ASX:MLG's Debt-to-Equity is ranked worse than
73.35% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:MLG: 0.47

MLG Oz Debt-to-Equity Historical Data

The historical data trend for MLG Oz'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.

MLG Oz Debt-to-Equity Chart

MLG Oz Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.45

0.59

0.52

MLG Oz Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.60	0.59	0.58	0.52	0.47

Competitive Comparison of MLG Oz's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, MLG Oz'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.

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

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

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

MLG Oz Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MLG Oz'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
	=	(30.673	+	30.216)	/	118.118
	=	0.52

MLG Oz'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
	=	(29.731	+	29.61)	/	126.139
	=	0.47

MLG Oz (ASX:MLG) 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.

MLG Oz Debt-to-Equity Related Terms

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MLG Oz (ASX:MLG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Yindi Way, Broadwood, Kalgoorlie, WA, AUS, 6430

Website

https://www.mlgoz.com.au

MLG Oz Ltd operates within the Australian mining industry. It offers comprehensive supply chain solutions such as crushing and screening, quarry products and bulk transport services.