Heavy Rare Earths (ASX:HRE) Debt-to-Asset : 0.00 (As of Dec. 2023)

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What is Heavy Rare Earths Debt-to-Asset?

Heavy Rare Earths's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Heavy Rare Earths's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Heavy Rare Earths's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$5.15 Mil. Heavy Rare Earths's debt to asset for the quarter that ended in Dec. 2023 was 0.00.

Heavy Rare Earths Debt-to-Asset Historical Data

The historical data trend for Heavy 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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Heavy Rare Earths Debt-to-Asset Chart

Heavy Rare Earths Annual Data

Trend

Jun23

Debt-to-Asset

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23
Debt-to-Asset	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Heavy 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.

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

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

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

Heavy Rare Earths Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Heavy Rare Earths's Debt-to-Asset for the fiscal year 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	+	0)	/	5.564
	=	0.00

Heavy Rare Earths's Debt-to-Asset for the quarter 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
	=	(0	+	0)	/	5.145
	=	0.00

Heavy Rare Earths (ASX:HRE) 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.

Heavy Rare Earths Debt-to-Asset Related Terms

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Heavy Rare Earths (ASX:HRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heavy Rare Earths Ltd (ASX:HRE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.hreltd.com.au

Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.

Heavy Rare Earths (ASX:HRE) Headlines

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