Red Metal (ASX:RDM) Debt-to-Equity : 0.10 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Red Metal Debt-to-Equity?

Red Metal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.11 Mil. Red Metal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.39 Mil. Red Metal's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$5.21 Mil. Red Metal's debt to equity for the quarter that ended in Dec. 2023 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 Red Metal's Debt-to-Equity or its related term are showing as below:

ASX:RDM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.1 Max: 0.27
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Red Metal was 0.27. The lowest was 0.04. And the median was 0.10.

ASX:RDM's Debt-to-Equity is ranked better than
55.23% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:RDM: 0.10

Red Metal Debt-to-Equity Historical Data

The historical data trend for Red Metal'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.

Red Metal Debt-to-Equity Chart

Red Metal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.14

0.04

0.08

0.16

Red Metal Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.27	0.08	0.10	0.16	0.10

Competitive Comparison of Red Metal's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Red Metal'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.

Red Metal's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Red Metal Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Red Metal'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
	=	(0.128	+	0.44)	/	3.507
	=	0.16

Red Metal'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
	=	(0.114	+	0.388)	/	5.206
	=	0.10

Red Metal (ASX:RDM) 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.

Red Metal Debt-to-Equity Related Terms

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

Red Metal (ASX:RDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Metal Ltd (ASX:RDM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

323 Castlereagh Street, Level 15, Sydney, NSW, AUS, 2000

Website

https://www.redmetal.com.au

Red Metal Ltd is a minerals exploration company. It explores for copper, nickel, uranium, zircon-titanium, silver, zinc, gold, and potash deposits. It owns projects including Punt Hill, and Pernatty Lagoon Project, Pardoo Nickel-Copper-PGE, Corkwood Project, Maronan Project and among others. It operates in the mining industry in Australia.

Red Metal (ASX:RDM) Headlines

No Headlines