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Korab Resources (ASX:KOR) Debt-to-Equity : 4.89 (As of Dec. 2023)


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What is Korab Resources Debt-to-Equity?

Korab Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.05 Mil. Korab Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.75 Mil. Korab Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$0.78 Mil. Korab Resources's debt to equity for the quarter that ended in Dec. 2023 was 4.89.

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 Korab Resources's Debt-to-Equity or its related term are showing as below:

ASX:KOR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65   Med: 1.22   Max: 4.89
Current: 4.89

During the past 13 years, the highest Debt-to-Equity Ratio of Korab Resources was 4.89. The lowest was 0.65. And the median was 1.22.

ASX:KOR's Debt-to-Equity is ranked worse than
98.54% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:KOR: 4.89

Korab Resources Debt-to-Equity Historical Data

The historical data trend for Korab 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.

* Premium members only.

Korab Resources Debt-to-Equity Chart

Korab Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 1.26 2.19 1.16 3.05

Korab Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.06 1.16 1.59 3.05 4.89

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

For the Other Industrial Metals & Mining subindustry, Korab 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.

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

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

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


Korab Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Korab 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
=(0.035 + 3.278) / 1.088
=3.05

Korab 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
=(0.048 + 3.745) / 0.776
=4.89

* 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.

Korab Resources  (ASX:KOR) 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.

Korab Resources Debt-to-Equity Related Terms

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

Korab Resources (ASX:KOR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Korab Resources Ltd (ASX:KOR) » Definitions » Debt-to-Equity
Comparable Companies
ASX:KLI ASX:MRQ ASX:MTB ASX:LRD ASX:CLZ ASX:RLC ASX:MGA ASX:YAR ASX:HRE ASX:ENT ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
N/A
Address
20 Prowse Street, Suite 1, West Perth, Perth, WA, AUS, 6005
Website
http://www.korabresources.com.au
Korab Resources Ltd is a mining and exploration company. It is engaged in mineral exploration and the evaluation of mineral properties. It operates development projects in Australia and exploration projects in Northern Territory. The company projects include the Bobrikovo project located in Ukraine, the Winchester magnesium and the Geolsec Phosphate projects, the Sundance project, the Batchelor and the Green Alligator projects located in Northern Territory, and the Mt. Elephant project situated in Western Australia.