Mastermyne Group (ASX:MYE) Debt-to-Equity : 0.10 (As of Dec. 2024)

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What is Mastermyne Group Debt-to-Equity?

Mastermyne Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$3.5 Mil. Mastermyne Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$4.1 Mil. Mastermyne Group's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$74.9 Mil. Mastermyne Group's debt to equity for the quarter that ended in Dec. 2024 was 0.10.

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 Mastermyne Group's Debt-to-Equity or its related term are showing as below:

ASX:MYE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.24 Max: 4.8
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Mastermyne Group was 4.80. The lowest was 0.03. And the median was 0.24.

ASX:MYE's Debt-to-Equity is ranked better than
73.77% of 122 companies
in the Other Energy Sources industry
Industry Median: 0.24 vs ASX:MYE: 0.10

Mastermyne Group Debt-to-Equity Historical Data

The historical data trend for Mastermyne Group'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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Mastermyne Group Debt-to-Equity Chart

Mastermyne Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.19

0.17

1.22

2.20

0.10

Mastermyne Group 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															4.80	2.20	1.63	0.10	0.10

Competitive Comparison of Mastermyne Group's Debt-to-Equity

For the Thermal Coal subindustry, Mastermyne Group'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.

Mastermyne Group's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Mastermyne Group's Debt-to-Equity distribution charts can be found below:

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

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Mastermyne Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mastermyne Group'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
	=	(3.088	+	4.128)	/	73.577
	=	0.10

Mastermyne Group'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
	=	(3.461	+	4.143)	/	74.906
	=	0.10

Mastermyne Group (ASX:MYE) 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.

Mastermyne Group Debt-to-Equity Related Terms

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Mastermyne Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Mastermyne Group Ltd (ASX:MYE) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

45 River Street, P.O. Box 1671, Level 1, Riverside Plaza, Mackay, QLD, AUS, 4740

Website

https://www.mastermyne.com.au

Metarock Group Ltd provides mine operations, contracting, training and related services in mining and supporting industries across Australia. The company operates in single segment: Mastermyne.