New Murchison Gold (FRA:TJ30) Debt-to-Equity : 0.01 (As of Sep. 2024)

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What is New Murchison Gold Debt-to-Equity?

New Murchison Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0.04 Mil. New Murchison Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0.03 Mil. New Murchison Gold's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €8.33 Mil. New Murchison Gold's debt to equity for the quarter that ended in Sep. 2024 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 New Murchison Gold's Debt-to-Equity or its related term are showing as below:

FRA:TJ30' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.37 Med: -1 Max: 0.03
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of New Murchison Gold was 0.03. The lowest was -2.37. And the median was -1.00.

FRA:TJ30's Debt-to-Equity is ranked better than
99.92% of 1238 companies
in the Metals & Mining industry
Industry Median: 0.14 vs FRA:TJ30: 0.01

New Murchison Gold Debt-to-Equity Historical Data

The historical data trend for New Murchison 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.

New Murchison Gold Debt-to-Equity Chart

New Murchison Gold Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Debt-to-Equity

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-2.37

-1.02

-0.98

0.03

0.01

New Murchison Gold Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-0.98	-	0.03	0.02	0.01

Competitive Comparison of New Murchison Gold's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, New Murchison 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.

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

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

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

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New Murchison Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Murchison Gold's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.038	+	0.031)	/	8.333
	=	0.01

New Murchison Gold's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.038	+	0.031)	/	8.333
	=	0.01

New Murchison Gold (FRA:TJ30) 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.

New Murchison Gold Debt-to-Equity Related Terms

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New Murchison Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Murchison Gold Ltd (FRA:TJ30) » Definitions » Debt-to-Equity

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NMG:Australia

Address

5 Ord Street, Level 2, Suite 8, West Perth, WA, AUS, 6005

Website

https://www.newmurchgold.com.au

New Murchison Gold Ltd Formerly Ora Gold Ltd is engaged in the mineral exploration industry in Australia. The company projects include Garden Gully; Red Bore and Keller Creek in Western Australia. The Garden Gully Gold Project represents an excellent opportunity for the discovery of a new gold camp in a region that has an established track record of hosting such occurrences.

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