Mithril Resources (ASX:MTH) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Mithril Resources Debt-to-Equity?

Mithril Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.85 Mil. Mithril Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Mithril Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$29.62 Mil. Mithril Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

ASX:MTH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.03
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Mithril Resources was 0.03. The lowest was 0.00. And the median was 0.02.

ASX:MTH's Debt-to-Equity is ranked better than
75.77% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:MTH: 0.03

Mithril Resources Debt-to-Equity Historical Data

The historical data trend for Mithril 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.

Mithril Resources Debt-to-Equity Chart

Mithril Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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Mithril Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	0.03

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

For the Other Industrial Metals & Mining subindustry, Mithril 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.

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

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

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

Mithril Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mithril 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
	=	(0.011	+	0)	/	30.627
	=	0.00

Mithril 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
	=	(0.85	+	0)	/	29.615
	=	0.03

Mithril Resources (ASX:MTH) 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.

Mithril Resources Debt-to-Equity Related Terms

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Mithril Resources (ASX:MTH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Albert Road, Level 4, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://mithrilresources.com.au

Mithril Resources Ltd is engaged in the exploration and development of mineral properties in Australia. The company holds an interest in Billy Hills, Kurnalpi, Limestone Well, and the Lignum Dam Projects. It operates in two segments namely Mexican and Australian operations, of which key revenues come from Australia.