Reward Minerals (ASX:RWD) Debt-to-Equity: -2.20 (As of Dec. 2025)

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What is Reward Minerals Debt-to-Equity?

Reward Minerals ASX:RWD Debt-to-Equity is -2.20 as of Dec. 2025. The stock has 4 warning signs investors should review. Among 1,222 Metals & Mining companies, Reward Minerals ranks worse than 81832.98% on this metric.

Reward Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$7.08 Mil. Reward Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$0.05 Mil. Reward Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$-3.24 Mil. Reward Minerals's debt to equity for the quarter that ended in Dec. 2025 was -2.20.

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

ASX:RWD' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.09   Med: 0.04   Max: 0.17
Current: -2.2

During the past 13 years, the highest Debt-to-Equity Ratio of Reward Minerals was 0.17. The lowest was -5.09. And the median was 0.04.

ASX:RWD's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.15 vs ASX:RWD: -2.20

Reward Minerals  (ASX:RWD) 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.

Reward Minerals Debt-to-Equity Related Terms

Reward Minerals Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Reward 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.

Reward Minerals Debt-to-Equity Chart

Reward Minerals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.08 0.17 -5.09 -2.20

Reward Minerals Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.17 -1.26 -5.09 -2.66 -2.20

Reward Minerals Debt-to-Equity Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Reward 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.

Reward Minerals Debt-to-Equity vs Metals & Mining Industry

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

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


Reward Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reward Minerals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 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
=(7.075 + 0.049) / -3.237
=-2.20

Reward Minerals's Debt to Equity Ratio for the quarter that ended in Dec. 2025 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
=(7.075 + 0.049) / -3.237
=-2.20

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -2.20 mean?
Reward Minerals (ASX:RWD) has a Debt-to-Equity of -2.20 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Reward Minerals and its competitors. According to the industry distribution chart, Reward Minerals ranks #999999 out of 1222 companies in the Metals & Mining industry.
Is Reward Minerals' Debt-to-Equity too high?
Reward Minerals' current Debt-to-Equity is -2.20. Based on the distribution chart, Reward Minerals ranks #999999 out of 1222 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Reward Minerals' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Reward Minerals ranks #999999 out of 1222 companies for Debt-to-Equity. This places Reward Minerals in the lower half of its industry. The industry median Debt-to-Equity is 0.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,222 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Reward Minerals and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reward Minerals's current Debt-to-Equity is -2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reward Minerals stock overvalued right now?
Reward Minerals (ASX:RWD) has a current Debt-to-Equity of -2.20. The current Debt-to-Equity is -2.20. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Reward Minerals (ASX:RWD), the current Debt-to-Equity is -2.20 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Reward Minerals Business Description

Address 159 Stirling Highway, Nedlands, WA, AUS, 6009
Reward Minerals Ltd is potash focused exploration and development company in Australia. The company operates predominantly in one business segment which is Potash mineral exploration and in one geographical area which is Western Australia.