Aspire Mining (ASX:AKM) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Aspire Mining Debt-to-Equity?

Aspire Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Aspire Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Aspire Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$46.19 Mil. Aspire Mining'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 Aspire Mining's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Aspire Mining was 0.36. The lowest was 0.00. And the median was 0.10.

ASX:AKM's Debt-to-Equity is not ranked ^*
in the Steel industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Aspire Mining Debt-to-Equity Historical Data

The historical data trend for Aspire Mining'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.

Aspire Mining Debt-to-Equity Chart

Aspire Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Debt-to-Equity

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0.08

Aspire Mining 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															-	-	-	-	-

Competitive Comparison of Aspire Mining's Debt-to-Equity

For the Coking Coal subindustry, Aspire Mining'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.

Aspire Mining's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aspire Mining's Debt-to-Equity distribution charts can be found below:

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

Aspire Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aspire Mining's Debt to Equity Ratio for the fiscal year that ended in Jun. 2022 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)	/	69.156
	=	0.00

Aspire Mining'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)	/	46.191
	=	0.00

Aspire Mining (ASX:AKM) 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.

Aspire Mining Debt-to-Equity Related Terms

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

Aspire Mining (ASX:AKM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aspire Mining Ltd (ASX:AKM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WKU:Germany

Address

126-130 Phillip Street, Level 5, Sydney, NSW, AUS, 6000

Website

https://www.aspiremininglimited.com

Aspire Mining Ltd is a mineral exploration and development company. It principally engages in the business of exploring coal and progresses on the approval process for the development and funding of a rail line in northern Mongolia. It holds interests in various assets that are located in Mongolia. The company's segments include Australia, Mongolia, and Singapore. It also holds an interest in other projects such as the Ovoot coking coal, Nuurstei coal and coking coal market. The Ovoot project is a large-scale coking coal project. Majority of the company's revenue comes from Australian segment.

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