Thomson Resources (ASX:TMZO) Debt-to-Equity: 0.02 (As of Dec. 2023)

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What is Thomson Resources Debt-to-Equity?

Thomson Resources ASX:TMZO Debt-to-Equity is 0.02 as of Dec. 2023. The stock has 4 warning signs investors should review.

Thomson Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.23 Mil. Thomson Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Thomson Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$12.24 Mil. Thomson Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

ASX:TMZO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0
Current: 0.02
ASX:TMZO's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.14 vs ASX:TMZO: 0.02

Thomson Resources  (ASX:TMZO) 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.

Thomson Resources Debt-to-Equity Related Terms

Thomson Resources Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Thomson 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.

Thomson Resources Debt-to-Equity Chart

Thomson 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 0.00 0.00 0.00 0.00 0.00

Thomson Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.00 0.00 0.00 0.02 0.00

ASX:TMZO vs BHPBF: Debt-to-Equity Comparison

For the Other Industrial Metals & Mining subindustry, Thomson 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.

Thomson Resources Debt-to-Equity vs Metals & Mining Industry

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

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


Thomson Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thomson 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) / 12.175
=0.00

Thomson 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
=(0.23 + 0) / 12.244
=0.02

* 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 0.02 mean?
Thomson Resources (ASX:TMZO) has a Debt-to-Equity of 0.02 as of Dec. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Thomson Resources and its competitors.
Is Thomson Resources' Debt-to-Equity too high?
Thomson Resources' current Debt-to-Equity is 0.02. The Metals & Mining industry median Debt-to-Equity is 0.14. Thomson Resources' value of 0.02 is 85.7% below this industry median.
How does Thomson Resources' Debt-to-Equity compare to BHPBF?
Thomson Resources' Debt-to-Equity of 0.02 can be compared against companies in the Metals & Mining industry. The industry median Debt-to-Equity is 0.14. Thomson Resources' value of 0.02 is 85.7% below this benchmark. 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 0.14, 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. Thomson Resources's current Debt-to-Equity of 0.02 is 85.7% below the industry median. 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 Thomson Resources and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thomson Resources's current Debt-to-Equity is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thomson Resources stock overvalued right now?
Thomson Resources (ASX:TMZO) has a current Debt-to-Equity of 0.02. The current Debt-to-Equity is 0.02 and 85.7% below the Metals & Mining industry median of 0.14. 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 Thomson Resources (ASX:TMZO), the current Debt-to-Equity is 0.02 as of Dec. 2023. 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.

Thomson Resources Business Description

Address 63 Sinclair Street, Wollstonecraft, NSW, AUS, 2065
Silver Metal Group Ltd, formerly Thomson Resources Ltd is an Australian-based exploration company, which is focused on the discovery and development of mineral deposits within the New England Fold Belt of Northern NSW. The company explores gold, silver, tin, copper, and base metals. The company focuses on the Texas Silver Project, Mt Carrington Silver & Gold Project, Conrad Silver Project, Webbs Silver Project, Harry Smith Gold Project, Yalgogrin Gold Project, Bygoo Tin Project, Chillagoe Gold Project, and Other Projects.