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Poseidon Nickel (Poseidon Nickel) Debt-to-Equity : 0.02 (As of Dec. 2023)


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What is Poseidon Nickel Debt-to-Equity?

Poseidon Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.30 Mil. Poseidon Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.09 Mil. Poseidon Nickel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $23.22 Mil. Poseidon Nickel's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Poseidon Nickel's Debt-to-Equity or its related term are showing as below:

PSDNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.38   Max: 33.69
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Poseidon Nickel was 33.69. The lowest was 0.01. And the median was 0.38.

PSDNF's Debt-to-Equity is ranked better than
83.03% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs PSDNF: 0.02

Poseidon Nickel Debt-to-Equity Historical Data

The historical data trend for Poseidon Nickel'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.

Poseidon Nickel Debt-to-Equity Chart

Poseidon Nickel Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.40 0.01 0.01 0.01

Poseidon Nickel Semi-Annual Data
Jun14 Dec14 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.02

Competitive Comparison of Poseidon Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Poseidon Nickel'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.


Poseidon Nickel's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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



Poseidon Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Poseidon Nickel's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Poseidon Nickel's Debt to Equity Ratio for the quarter that ended in Dec. 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.


Poseidon Nickel  (OTCPK:PSDNF) 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.


Poseidon Nickel Debt-to-Equity Related Terms

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Poseidon Nickel (Poseidon Nickel) Business Description

Traded in Other Exchanges
Address
3 Ord Street, Level 1, West Perth, Perth, WA, AUS, 6005
Poseidon Nickel Ltd is involved in the exploration, mining, and production of nickel and other minerals. The company's projects include the Lake Johnston Project, Mt Windarra, Black Swan Project and Windarra Gold Tailings project . It has one operating segment, being Nickel and Other Mineral Exploration and Evaluation in Australia.

Poseidon Nickel (Poseidon Nickel) Headlines