Mantle Minerals (ASX:MTL) Debt-to-Equity : -0.79 (As of Dec. 2024)

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What is Mantle Minerals Debt-to-Equity?

Mantle Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.66 Mil. Mantle Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. Mantle Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$-0.83 Mil. Mantle Minerals's debt to equity for the quarter that ended in Dec. 2024 was -0.79.

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 Mantle Minerals's Debt-to-Equity or its related term are showing as below:

ASX:MTL' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.79 Med: 0.05 Max: 0.17
Current: -0.79

During the past 13 years, the highest Debt-to-Equity Ratio of Mantle Minerals was 0.17. The lowest was -0.79. And the median was 0.05.

ASX:MTL's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.14 vs ASX:MTL: -0.79

Mantle Minerals Debt-to-Equity Historical Data

The historical data trend for Mantle Minerals'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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Mantle Minerals Debt-to-Equity Chart

Mantle Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.17

Mantle Minerals Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	-	-	-	-0.79

Competitive Comparison of Mantle Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Mantle Minerals'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.

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

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

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

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Mantle Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mantle Minerals's Debt to Equity Ratio for the fiscal year 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	+	0)	/	0.034
	=	0.00

Mantle Minerals's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.655	+	0)	/	-0.829
	=	-0.79

Mantle Minerals (ASX:MTL) 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.

Mantle Minerals Debt-to-Equity Related Terms

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Mantle Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

168 Stirling Highway, Ground Floor, PO Box 369, Nedlands, Perth, WA, AUS, 6009

Website

https://www.mantleminerals.com.au

Mantle Minerals Ltd is an Australia-based mineral exploration and development company focused on acquiring a portfolio of prospective exploration projects or near-term development projects in Australia and the United States. The company's projects include the Mount Berghaus project, Roberts Hill project, Mallina Basin project in Pilbara, the Yule river project and the Pardoo Project.