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Brazilian Rare Earths (ASX:BRE) Debt-to-Asset : 0.01 (As of Jun. 2023)


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What is Brazilian Rare Earths Debt-to-Asset?

Brazilian Rare Earths's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.53 Mil. Brazilian Rare Earths's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Brazilian Rare Earths's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was A$51.01 Mil. Brazilian Rare Earths's debt to asset for the quarter that ended in Jun. 2023 was 0.01.

Brazilian Rare Earths Debt-to-Asset Historical Data

The historical data trend for Brazilian Rare Earths's Debt-to-Asset 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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Brazilian Rare Earths Debt-to-Asset Chart

Brazilian Rare Earths Annual Data
Trend Dec22 Dec23
Debt-to-Asset
0.88 0.21

Brazilian Rare Earths Semi-Annual Data
Dec22 Jun23 Dec23
Debt-to-Asset 0.88 0.01 0.21

Competitive Comparison of Brazilian Rare Earths's Debt-to-Asset

For the Other Precious Metals & Mining subindustry, Brazilian Rare Earths's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Brazilian Rare Earths's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Brazilian Rare Earths's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Brazilian Rare Earths's Debt-to-Asset falls into.


Brazilian Rare Earths Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Brazilian Rare Earths's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(7.33 + 3.413) / 51.395
=0.21

Brazilian Rare Earths's Debt-to-Asset for the quarter that ended in Jun. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.525 + 0) / 51.014
=0.01

* 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.

Brazilian Rare Earths  (ASX:BRE) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Brazilian Rare Earths Debt-to-Asset Related Terms

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Brazilian Rare Earths (ASX:BRE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brazilian Rare Earths Ltd (ASX:BRE) » Definitions » Debt-to-Asset
Comparable Companies
Traded in Other Exchanges
X84:Germany X84:Germany
Address
11-15 Labouchere Road, Suite 53, Level 2, South Perth, WA, AUS, 6151
Website
https://www.brazilianrareearths.com
Brazilian Rare Earths Ltd is an Australian-based company focused on exploring rare earth elements and other critical minerals in Brazil. The company owns and operates a district-scale Tier One Rare Earths Province, located in North Eastern Brazil. The company has a project named Rocha da Rocha Critical Minerals which represents one of the exciting critical minerals discoveries globally.

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