Hillgrove Resources (Hillgrove Resources) Debt-to-Equity : 0.04 (As of Jun. 2023)

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What is Hillgrove Resources Debt-to-Equity?

Hillgrove Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.70 Mil. Hillgrove Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.03 Mil. Hillgrove Resources's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $44.38 Mil. Hillgrove Resources's debt to equity for the quarter that ended in Jun. 2023 was 0.04.

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

HLGVF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.18 Max: 0.73
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of Hillgrove Resources was 0.73. The lowest was 0.01. And the median was 0.18.

HLGVF's Debt-to-Equity is ranked worse than
58.75% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HLGVF: 0.22

Hillgrove Resources Debt-to-Equity Historical Data

The historical data trend for Hillgrove 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.

Hillgrove Resources Debt-to-Equity Chart

Hillgrove Resources Annual Data

Trend

Jan14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.22

Hillgrove Resources Semi-Annual Data
	Jan14	Jul14	Jun15	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															-	-	-	0.04	0.22

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

For the Copper subindustry, Hillgrove 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.

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

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

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

Hillgrove Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hillgrove 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
	=	(2.886	+	5.024)	/	36.731
	=	0.22

Hillgrove Resources's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.697	+	1.031)	/	44.383
	=	0.04

Hillgrove Resources (OTCPK:HLGVF) 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.

Hillgrove Resources Debt-to-Equity Related Terms

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

Hillgrove Resources (Hillgrove Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hillgrove Resources Ltd (OTCPK:HLGVF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

HGO:Australia

Address

5-7 King William Road, P.O. Box 372, Ground Floor, Unley, SA, AUS, 5061

Website

https://www.hillgroveresources.com.au

Hillgrove Resources Ltd is a mineral exploration company. It is focused on developing the Kanmantoo Copper Gold Mine which is located in the Adelaide Hills region of South Australia.

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