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QX Resources (ASX:QXR) Debt-to-Equity : 0.00 (As of Dec. 2024)


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What is QX Resources Debt-to-Equity?

QX Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. QX Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. QX Resources's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$6.59 Mil. QX Resources's debt to equity for the quarter that ended in Dec. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of QX Resources was 3.31. The lowest was -5.83. And the median was -0.60.

ASX:QXR's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

QX Resources Debt-to-Equity Historical Data

The historical data trend for QX 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.

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QX Resources Debt-to-Equity Chart

QX Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Equity
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QX Resources Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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Competitive Comparison of QX Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, QX 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.


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

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

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


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QX Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

QX Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 is calculated as

QX Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

* 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.


QX Resources  (ASX:QXR) 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.


QX Resources Debt-to-Equity Related Terms

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


QX Resources Business Description

Traded in Other Exchanges
N/A
Address
99 St Georges Terrace, Level 8, Perth, WA, AUS, 6000
QX Resources Ltd is a mineral exploration operation company. It is focused on the exploration and development of battery minerals and gold assets. Its project portfolio includes the Turner River Lithium project, Pilbara Western Shaw Iron Ore project, Liberty Lithium Brine project, Anthony Molybdenum project, and Copper-Gold-Molybdenum projects among others. The company also has a strategic investment in nickel sulphides in Sweden. It operates in one business segment being the minerals exploration sector in Australia.

QX Resources Headlines

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