Ballymore Resources (ASX:BMR) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Ballymore Resources Debt-to-Equity?

Ballymore Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. Ballymore Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. Ballymore Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$15.73 Mil. Ballymore Resources'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 Ballymore Resources's Debt-to-Equity or its related term are showing as below:

During the past 2 years, the highest Debt-to-Equity Ratio of Ballymore Resources was 0.01. The lowest was 0.00. And the median was 0.00.

ASX:BMR's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Ballymore Resources Debt-to-Equity Historical Data

The historical data trend for Ballymore Resources'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.

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Ballymore Resources Debt-to-Equity Chart

Ballymore Resources Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

Ballymore Resources Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	0.01	-	-

Competitive Comparison of Ballymore Resources's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Ballymore Resources'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.

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

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

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

Ballymore Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ballymore Resources'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
	=	(0.023	+	0.033)	/	12.717
	=	0.00

Ballymore Resources'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
	=	(0.024	+	0.021)	/	15.726
	=	0.00

Ballymore Resources (ASX:BMR) 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.

Ballymore Resources Debt-to-Equity Related Terms

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Ballymore Resources (ASX:BMR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Market Street, Level 6, Suite 606, Brisbane, QLD, AUS, 4000

Website

https://www.ballymoreresources.com

Ballymore Resources Ltd is an exploration and development company. It is engaged in gold and base metal exploration in Queensland. Its assets are the Dittmer project, the Ruddygore project, the Ravenswood project, Mount Molloy project.