Magmatic Resources (ASX:MAG) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is Magmatic Resources Debt-to-Equity?

Magmatic Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Magmatic Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.58 Mil. Magmatic Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2.59 Mil. Magmatic Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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

ASX:MAG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.24
Current: 0.24

During the past 7 years, the highest Debt-to-Equity Ratio of Magmatic Resources was 0.24. The lowest was 0.00. And the median was 0.02.

ASX:MAG's Debt-to-Equity is ranked worse than
60.95% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:MAG: 0.24

Magmatic Resources Debt-to-Equity Historical Data

The historical data trend for Magmatic 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.

Magmatic Resources Debt-to-Equity Chart

Magmatic Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.02

0.01

Magmatic Resources Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.01	-	-	-	0.24

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

For the Gold subindustry, Magmatic 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.

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

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

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

Magmatic Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magmatic 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	+	0)	/	4.341
	=	0.00

Magmatic 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
	=	(0.037	+	0.581)	/	2.589
	=	0.24

Magmatic Resources (ASX:MAG) 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.

Magmatic Resources Debt-to-Equity Related Terms

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Magmatic Resources (ASX:MAG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Hampden Road, Suite 7, Nedlands, Perth, WA, AUS, 6009

Website

https://www.magmaticresources.com

Magmatic Resources Ltd is an Australian focused mineral exploration company. The projects include Wellington North Gold and Copper-Gold Project, Parkes Project, Myall Gold-Copper Project, and Base Metals Project It operates in one segment being gold exploration projects in Australia.