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Toubani Resources (ASX:TRE) Debt-to-Equity : 0.00 (As of Mar. 2023)


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What is Toubani Resources Debt-to-Equity?

Toubani Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was A$0.00 Mil. Toubani Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was A$0.00 Mil. Toubani Resources's Total Stockholders Equity for the quarter that ended in Mar. 2023 was A$2.70 Mil. Toubani Resources's debt to equity for the quarter that ended in Mar. 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 Toubani Resources's Debt-to-Equity or its related term are showing as below:

ASX:TRE'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.

Toubani Resources Debt-to-Equity Historical Data

The historical data trend for Toubani 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.

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Toubani Resources Debt-to-Equity Chart

Toubani Resources Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
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Toubani Resources Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of Toubani Resources's Debt-to-Equity

For the Gold subindustry, Toubani 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.


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

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

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



Toubani Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toubani Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Toubani Resources's Debt to Equity Ratio for the quarter that ended in Mar. 2023 is calculated as

* 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.


Toubani Resources  (ASX:TRE) 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.


Toubani Resources Debt-to-Equity Related Terms

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Toubani Resources (ASX:TRE) Business Description

Traded in Other Exchanges
Address
100 King Street West, Suite 1600, Toronto, ON, CAN, M5X 1G5
Toubani Resources Ltd is a Canada-based gold exploration and development company. Its segment consists of the acquisition, exploration, and development of precious and base metal mineral resources properties located in Western Africa. The company's portfolio includes the Kobada gold project which is a stage gold development project located in Mali.

Toubani Resources (ASX:TRE) Headlines

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