Armada Metals (ASX:AMM) Debt-to-Equity : 1.30 (As of Jun. 2023)

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What is Armada Metals Debt-to-Equity?

Armada Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$7.61 Mil. Armada Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Armada Metals's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$5.86 Mil. Armada Metals's debt to equity for the quarter that ended in Jun. 2023 was 1.30.

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 Armada Metals's Debt-to-Equity or its related term are showing as below:

ASX:AMM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.99 Max: 1.95
Current: 1.95

During the past 3 years, the highest Debt-to-Equity Ratio of Armada Metals was 1.95. The lowest was 0.30. And the median was 0.99.

ASX:AMM's Debt-to-Equity is ranked worse than
94.7% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:AMM: 1.95

Armada Metals Debt-to-Equity Historical Data

The historical data trend for Armada Metals'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.

Armada Metals Debt-to-Equity Chart

Armada Metals Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.30

0.99

1.95

Armada Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.30	0.78	0.99	1.30	1.95

Competitive Comparison of Armada Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Armada Metals'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.

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

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

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

Armada Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Armada Metals's Debt to Equity Ratio for the fiscal year 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
	=	(9.297	+	0)	/	4.764
	=	1.95

Armada Metals's Debt to Equity Ratio for the quarter 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
	=	(7.607	+	0)	/	5.863
	=	1.30

Armada Metals (ASX:AMM) 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.

Armada Metals Debt-to-Equity Related Terms

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

Armada Metals (ASX:AMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Armada Metals Ltd (ASX:AMM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 Macquarie Street, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.armadametals.com.au

Armada Metals Ltd is a mineral exploration and development company. It explores nickel, and copper deposits. The business is organized into one segment which is the exploration for metals in Gabon.

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