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Rey Resources (ASX:REY) Debt-to-Equity : 2.35 (As of Dec. 2024)


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What is Rey Resources Debt-to-Equity?

Rey Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.60 Mil. Rey Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$20.87 Mil. Rey Resources's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$9.12 Mil. Rey Resources's debt to equity for the quarter that ended in Dec. 2024 was 2.35.

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

ASX:REY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.4   Max: 2.35
Current: 2.35

During the past 13 years, the highest Debt-to-Equity Ratio of Rey Resources was 2.35. The lowest was 0.04. And the median was 0.40.

ASX:REY's Debt-to-Equity is ranked worse than
95.9% of 122 companies
in the Other Energy Sources industry
Industry Median: 0.255 vs ASX:REY: 2.35

Rey Resources Debt-to-Equity Historical Data

The historical data trend for Rey 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.

* Premium members only.

Rey Resources Debt-to-Equity Chart

Rey Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.43 0.58 0.81 1.85

Rey Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.67 0.81 0.97 1.85 2.35

Competitive Comparison of Rey Resources's Debt-to-Equity

For the Thermal Coal subindustry, Rey 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.


Rey Resources's Debt-to-Equity Distribution in the Other Energy Sources Industry

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

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


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Rey Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Rey 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.


Rey Resources  (ASX:REY) 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.


Rey Resources Debt-to-Equity Related Terms

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


Rey Resources Business Description

Traded in Other Exchanges
N/A
Address
3B Macquarie Street, Suite 2, Sydney, NSW, AUS, 2000
Rey Resources Ltd is engaged in exploring and developing energy resources. Its exploration properties include the Fitzroy Blocks (EP457 and EP458), the Derby Block (EP487), Lennard Shelf Blocks (EP104, R1, and L15), the Surat Gas Project, and the Duchess Paradise Coal Project. The company operates in two segments, Mineral exploration and development and Petroleum exploration in Western Australia.

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