Neometals (LSE:NMT) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Neometals Debt-to-Equity?

Neometals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.16 Mil. Neometals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.27 Mil. Neometals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £44.49 Mil. Neometals'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 Neometals's Debt-to-Equity or its related term are showing as below:

LSE:NMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.15
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Neometals was 0.15. The lowest was 0.00. And the median was 0.01.

LSE:NMT's Debt-to-Equity is ranked better than
87.95% of 224 companies
in the Waste Management industry
Industry Median: 0.625 vs LSE:NMT: 0.11

Neometals Debt-to-Equity Historical Data

The historical data trend for Neometals'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.

Neometals Debt-to-Equity Chart

Neometals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.01

0.11

Neometals 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															-	0.01	0.01	0.01	0.11

Competitive Comparison of Neometals's Debt-to-Equity

For the Waste Management subindustry, Neometals'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.

Neometals's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Neometals's Debt-to-Equity distribution charts can be found below:

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

Neometals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Neometals's Debt to Equity Ratio for the fiscal year 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
	=	(0.152	+	0.347)	/	49.71
	=	0.01

Neometals'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
	=	(0.161	+	0.268)	/	44.494
	=	0.01

Neometals (LSE:NMT) 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.

Neometals Debt-to-Equity Related Terms

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Neometals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Neometals Ltd (LSE:NMT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NMTAF:USA NMTAY:USA 9R9:Germany 9R9:Germany 9R9:Germany NMT:Australia

Address

1292 Hay Street, Level 1, Perth, WA, AUS, 6005

Website

https://www.neometals.com.au

Neometals Ltd has developed and is commercialising three environmentally-friendly processing technologies that produce critical and strategic battery materials. Across three business units, above-ground feedstocks are targeted for lithium-ion battery recycling, vanadium recovery and downstream lithium processing opportunities that support the energy transition. The technologies are being exploited as principal, in joint venture and licensed for royalties.