Australian Critical Minerals (ASX:ACM) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Australian Critical Minerals Debt-to-Equity?

Australian Critical Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Australian Critical Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Australian Critical Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$4.97 Mil. Australian Critical Minerals's debt to equity for the quarter that ended in Dec. 2023 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 Australian Critical Minerals's Debt-to-Equity or its related term are showing as below:

ASX:ACM' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.21 Med: 0.02 Max: 0.02
Current: 0.03

During the past 2 years, the highest Debt-to-Equity Ratio of Australian Critical Minerals was 0.02. The lowest was -7.21. And the median was 0.02.

ASX:ACM's Debt-to-Equity is ranked better than
75.77% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:ACM: 0.03

Australian Critical Minerals Debt-to-Equity Historical Data

The historical data trend for Australian Critical Minerals'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.

Australian Critical Minerals Debt-to-Equity Chart

Australian Critical Minerals Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

-7.21

0.02

Australian Critical Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	-7.21	0.02	0.02	-

Competitive Comparison of Australian Critical Minerals's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Australian Critical Minerals'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.

Australian Critical Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Australian Critical Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Australian Critical Minerals'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
	=	(0.147	+	0)	/	6.993
	=	0.02

Australian Critical Minerals'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	+	0)	/	4.965
	=	0.00

Australian Critical Minerals (ASX:ACM) 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.

Australian Critical Minerals Debt-to-Equity Related Terms

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Australian Critical Minerals (ASX:ACM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Critical Minerals Ltd (ASX:ACM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Stirling Highway, Nedlands, Perth, WA, AUS, 6009

Website

https://www.auscriticalminerals.com.au

Australian Critical Minerals Ltd is an exploration company with a focus on critical minerals, including lithium, tantalum, iron ore, gold, kaolin halloysite and rare earth elements. Its projects include Cooletha and Shaw Projects; Kojonup Project; Pilbara - Iron Ore & Gold; Rankin Dome - Rare Earths; Kondinin Project; and Beverley Project. The Company has also entered into a farm-in agreement with Kula Gold Limited under which it has acquired a right to earn up to a 51% joint venture interest in the Rankin Dome Project.