QEM (ASX:QEM) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is QEM Debt-to-Equity?

QEM's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.09 Mil. QEM's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. QEM's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$0.80 Mil. QEM's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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

ASX:QEM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.15
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of QEM was 0.15. The lowest was 0.02. And the median was 0.05.

ASX:QEM's Debt-to-Equity is ranked better than
95.27% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs ASX:QEM: 0.02

QEM Debt-to-Equity Historical Data

The historical data trend for QEM'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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QEM Debt-to-Equity Chart

QEM Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.04

0.02

0.13

0.05

0.02

QEM Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial								0.13	0.06	0.05	0.11	0.02

Competitive Comparison of QEM's Debt-to-Equity

For the Oil & Gas E&P subindustry, QEM'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.

QEM's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, QEM's Debt-to-Equity distribution charts can be found below:

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

QEM Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

QEM'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
	=	(0.104	+	0.036)	/	2.749
	=	0.05

QEM'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
	=	(0.09	+	0)	/	0.8
	=	0.11

QEM (ASX:QEM) 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.

QEM Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of QEM's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

QEM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » QEM Ltd (ASX:QEM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Appel Street, Level 6, Surfers Paradise, Gold Coast, QLD, AUS, 4217

Website

https://www.qldem.com.au

QEM Ltd is engaged in exploring and developing vanadium and oil shale project in the Julia Creek area of North-Western Queensland, Australia.

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