Timah Resources (ASX:TML) Debt-to-Equity : 1.00 (As of Dec. 2023)

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What is Timah Resources Debt-to-Equity?

Timah Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Timah Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$7.38 Mil. Timah Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$7.38 Mil. Timah Resources's debt to equity for the quarter that ended in Dec. 2023 was 1.00.

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

ASX:TML' s Debt-to-Equity Range Over the Past 10 Years
Min: 1 Med: 1.71 Max: 2.87
Current: 1

During the past 8 years, the highest Debt-to-Equity Ratio of Timah Resources was 2.87. The lowest was 1.00. And the median was 1.71.

ASX:TML's Debt-to-Equity is ranked worse than
54.76% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.81 vs ASX:TML: 1.00

Timah Resources Debt-to-Equity Historical Data

The historical data trend for Timah 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.

Timah Resources Debt-to-Equity Chart

Timah Resources Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.63

1.26

1.15

1.18

1.00

Timah Resources Semi-Annual Data
	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												1.15	1.13	1.18	1.08	1.00

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

For the Utilities - Renewable subindustry, Timah 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.

Timah Resources's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Timah Resources's Debt-to-Equity distribution charts can be found below:

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

Timah Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Timah Resources's Debt to Equity Ratio for the fiscal year 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
	=	(0.004	+	7.377)	/	7.379
	=	1.00

Timah Resources'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
	=	(0.004	+	7.377)	/	7.379
	=	1.00

Timah Resources (ASX:TML) 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.

Timah Resources Debt-to-Equity Related Terms

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

Timah Resources (ASX:TML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Timah Resources Ltd (ASX:TML) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Road, Lot 70, Block 6, Prima Square, Mile 4, Sandakan, SBH, MYS, 90000

Website

https://www.timahresources.com.au

Timah Resources Ltd engages in the generation of renewable energy power. The company along with its subsidiary owns and operates a Biogas Renewable Energy Plant in Malaysia with an export capacity of up to 3.5 Megawatt. The Plant is located at Sandakan in the State of Sabah, Malaysia. The Plant uses Palm Oil Mill Effluent to produce Methane Gas, which is then used as fuel to run Gas Engines to generate green and renewable energy.

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