Pantera Minerals (ASX:PFE) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Pantera Minerals Debt-to-Equity?

Pantera Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.14 Mil. Pantera Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.36 Mil. Pantera Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$8.51 Mil. Pantera Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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

ASX:PFE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.1
Current: 0.06

During the past 2 years, the highest Debt-to-Equity Ratio of Pantera Minerals was 0.10. The lowest was 0.06. And the median was 0.09.

ASX:PFE's Debt-to-Equity is ranked better than
63.51% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:PFE: 0.06

Pantera Minerals Debt-to-Equity Historical Data

The historical data trend for Pantera 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.

* Premium members only.

Pantera Minerals Debt-to-Equity Chart

Pantera Minerals Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.10

Pantera Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	-	0.10	0.09	0.10	0.06

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

For the Other Industrial Metals & Mining subindustry, Pantera 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.

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

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

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

Pantera Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pantera Minerals'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
	=	(0.147	+	0.463)	/	6.379
	=	0.10

Pantera Minerals'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
	=	(0.142	+	0.36)	/	8.509
	=	0.06

Pantera Minerals (ASX:PFE) 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.

Pantera Minerals Debt-to-Equity Related Terms

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Pantera Minerals (ASX:PFE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Outram Street,, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.panteraminerals.com

Pantera Minerals Ltd is a mineral exploration company. Its projects include the Superbird Lithium Brine project, Hellcat Lead-Silver project, Yampi Iron Ore and Copper projects, Fredrick Pollymetalic projects, and the Weelarrana Manganese project. It operates in the given segment which is mineral exploration and evaluation in Western Australia.