Indiana Resources (FRA:GDM) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Indiana Resources Debt-to-Equity?

Indiana Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.02 Mil. Indiana Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.02 Mil. Indiana Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €4.40 Mil. Indiana Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

FRA:GDM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.1
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Indiana Resources was 0.10. The lowest was 0.01. And the median was 0.03.

FRA:GDM's Debt-to-Equity is ranked better than
99.92% of 1259 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:GDM: 0.01

Indiana Resources Debt-to-Equity Historical Data

The historical data trend for Indiana 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.

Indiana Resources Debt-to-Equity Chart

Indiana Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.03

0.04

0.02

0.01

Indiana 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															0.04	0.02	0.02	0.01	0.01

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

For the Other Precious Metals & Mining subindustry, Indiana 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.

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

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

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

Indiana Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Indiana 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
	=	(0.006	+	0.014)	/	4.241
	=	0.00

Indiana 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
	=	(0.019	+	0.02)	/	4.4
	=	0.01

Indiana Resources (FRA:GDM) 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.

Indiana Resources Debt-to-Equity Related Terms

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

Indiana Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Indiana Resources Ltd (FRA:GDM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GSMGF:USA IDA:Australia

Address

22 Ware Street, Level 9, Thebarton, SA, AUS, 5031

Website

https://www.indianaresources.com.au

Indiana Resources Ltd is an Australian-based exploration company focused on advancing a portfolio of tenements, which include rare earths, gold and base metals, in the prospective Central Gawler Craton Province in South Australia. It shows an interest in projects which consist of Lake Labyrinth Shear Zone, Double Dutch, Earea Dam and Boomerang. The Group's exploration activities take place solely in South Australia.

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