Deterra Royalties (ASX:DRR) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Deterra Royalties Debt-to-Equity?

Deterra Royalties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.1 Mil. Deterra Royalties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.5 Mil. Deterra Royalties's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$82.3 Mil. Deterra Royalties's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Deterra Royalties's Debt-to-Equity or its related term are showing as below:

ASX:DRR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.01
Current: 0.01

During the past 3 years, the highest Debt-to-Equity Ratio of Deterra Royalties was 0.01. The lowest was 0.00. And the median was 0.00.

ASX:DRR's Debt-to-Equity is ranked better than
99.92% of 1313 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:DRR: 0.01

Deterra Royalties Debt-to-Equity Historical Data

The historical data trend for Deterra Royalties'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.

Deterra Royalties Debt-to-Equity Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	0.01

Competitive Comparison of Deterra Royalties's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Deterra Royalties'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.

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

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

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

Deterra Royalties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Deterra Royalties'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
	=	(0.07	+	0.116)	/	92.138
	=	0.00

Deterra Royalties'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
	=	(0.087	+	0.45)	/	82.316
	=	0.01

Deterra Royalties (ASX:DRR) 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.

Deterra Royalties Debt-to-Equity Related Terms

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Deterra Royalties (ASX:DRR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.