Sheffield Resources (ASX:SFX) Debt-to-Equity : 0.00 (As of Dec. 2024)

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What is Sheffield Resources Debt-to-Equity?

Sheffield Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. Sheffield Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. Sheffield Resources's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$112.94 Mil. Sheffield 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 Sheffield 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 Sheffield Resources was 0.03. The lowest was 0.00. And the median was 0.02.

ASX:SFX'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.

Sheffield Resources Debt-to-Equity Historical Data

The historical data trend for Sheffield 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.

Sheffield Resources Debt-to-Equity Chart

Sheffield Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.02

Sheffield 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															-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Sheffield 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.

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

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

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

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Sheffield Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sheffield Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 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	+	0)	/	138.13
	=	0.00

Sheffield Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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	+	0)	/	112.937
	=	0.00

Sheffield Resources (ASX:SFX) 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.

Sheffield Resources Debt-to-Equity Related Terms

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

Sheffield Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sheffield Resources Ltd (ASX:SFX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 - 47 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.sheffieldresources.com.au/site/content

Sheffield Resources Ltd is an Australia-based company. Its principal activities are mineral sands development, exploration for mineral sands and base metals within the state of Western Australia. Its mineral sands projects comprise of the flagship high-grade, zircon-rich Thunderbird Mineral Sands Project; the Eneabba project; the McCalls chloride ilmenite project; the Central Canning project; and the Barton project. Its operating segments include South Atlantic project, Thunderbird project and Others.

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