Outback Goldfields (TSXV:OZ) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Outback Goldfields Debt-to-Equity?

Outback Goldfields's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Outback Goldfields's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Outback Goldfields's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$14.33 Mil. Outback Goldfields's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Outback Goldfields's Debt-to-Equity or its related term are showing as below:

During the past 6 years, the highest Debt-to-Equity Ratio of Outback Goldfields was 0.48. The lowest was 0.07. And the median was 0.10.

TSXV:OZ's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Outback Goldfields Debt-to-Equity Historical Data

The historical data trend for Outback Goldfields'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.

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Outback Goldfields Debt-to-Equity Chart

Outback Goldfields Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.10

0.25

Outback Goldfields Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Outback Goldfields's Debt-to-Equity

For the Gold subindustry, Outback Goldfields'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.

Outback Goldfields's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Outback Goldfields Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Outback Goldfields'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	+	0)	/	14.974
	=	0.00

Outback Goldfields's Debt to Equity Ratio for the quarter that ended in Mar. 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	+	0)	/	14.329
	=	0.00

Outback Goldfields (TSXV:OZ) 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.

Outback Goldfields Debt-to-Equity Related Terms

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

Outback Goldfields (TSXV:OZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Outback Goldfields Corp (TSXV:OZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OZBKF:USA S600:Germany S600:Germany

Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E3V7

Website

https://www.outbackgoldfields.com

Outback Goldfields Corp is an exploration mining company, holding a package of four prospective gold projects located proximate and adjacent to the Fosterville Gold Mine in Victoria, Australia. The company acquired certain gold projects located in Victoria, Australia including an exploration license for the Yeungroon Gold Project and a right, title, and interest in a mining joint venture agreement for the Glenfine Gold Project. In addition, three exploration license applications were acquired for the Silver Spoon Orogenic Gold Project.

Executives

Chris Donaldson

Director, Senior Officer