Sihayo Gold (ASX:SIH) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Sihayo Gold Debt-to-Equity?

Sihayo Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. Sihayo Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.05 Mil. Sihayo Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$38.46 Mil. Sihayo Gold's debt to equity for the quarter that ended in Dec. 2023 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 Sihayo Gold's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Sihayo Gold was 0.20. The lowest was 0.00. And the median was 0.09.

ASX:SIH's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Sihayo Gold Debt-to-Equity Historical Data

The historical data trend for Sihayo Gold'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.

Sihayo Gold Debt-to-Equity Chart

Sihayo Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.14

0.19

0.10

Sihayo Gold 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															0.04	-	0.09	0.10	-

Competitive Comparison of Sihayo Gold's Debt-to-Equity

For the Gold subindustry, Sihayo Gold'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.

Sihayo Gold's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Sihayo Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sihayo Gold'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
	=	(4.434	+	0.097)	/	44.593
	=	0.10

Sihayo Gold'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
	=	(0.023	+	0.05)	/	38.458
	=	0.00

Sihayo Gold (ASX:SIH) 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.

Sihayo Gold Debt-to-Equity Related Terms

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Sihayo Gold (ASX:SIH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sihayo Gold Ltd (ASX:SIH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

245 Bay Street, Suite 1, Brighton, Melbourne, VIC, AUS, 3186

Website

https://www.sihayogold.com

Sihayo Gold Ltd is a mineral exploration company with gold exploration projects. It is focused on the development of the Sihayo Pungkut Gold project in North Sumatra, Indonesia and the Sihayo Gold project. The company classifies its business in the geographical segments that are Australia, South East Asia, and India of which South East Asia generates a majority of revenue to the company.

Sihayo Gold (ASX:SIH) Headlines

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