New Talisman Gold Mines (ASX:NTL) Debt-to-Equity : 0.11 (As of Sep. 2023)

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What is New Talisman Gold Mines Debt-to-Equity?

New Talisman Gold Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.93 Mil. New Talisman Gold Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.00 Mil. New Talisman Gold Mines's Total Stockholders Equity for the quarter that ended in Sep. 2023 was A$8.57 Mil. New Talisman Gold Mines's debt to equity for the quarter that ended in Sep. 2023 was 0.11.

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 New Talisman Gold Mines's Debt-to-Equity or its related term are showing as below:

ASX:NTL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.11
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of New Talisman Gold Mines was 0.11. The lowest was 0.00. And the median was 0.06.

ASX:NTL's Debt-to-Equity is ranked better than
53.03% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:NTL: 0.11

New Talisman Gold Mines Debt-to-Equity Historical Data

The historical data trend for New Talisman Gold Mines'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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New Talisman Gold Mines Debt-to-Equity Chart

New Talisman Gold Mines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

0.11

New Talisman Gold Mines Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-	0.01	0.11	0.11	0.11

Competitive Comparison of New Talisman Gold Mines's Debt-to-Equity

For the Gold subindustry, New Talisman Gold Mines'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.

New Talisman Gold Mines's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where New Talisman Gold Mines's Debt-to-Equity falls into.

New Talisman Gold Mines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Talisman Gold Mines's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.947	+	0)	/	8.633
	=	0.11

New Talisman Gold Mines's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.926	+	0)	/	8.57
	=	0.11

New Talisman Gold Mines (ASX:NTL) 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.

New Talisman Gold Mines Debt-to-Equity Related Terms

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New Talisman Gold Mines (ASX:NTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Talisman Gold Mines Ltd (ASX:NTL) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

NTL:New Zealand

Address

2b Gibraltar Cres, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.newtalisman.co.nz

New Talisman Gold Mines Ltd is engaged in mine development and mineral exploration. The company's projects include the Talisman mine project. The Talisman mine comprises the Maria, crown or welcome, and mystery veins. The Talisman permit and the Karangahake gold project are located in the southern part of the Coromandel volcanic zone, a north-northwest trending zone of Miocene to early Quaternary sub-aerial calc-alkaline volcanic, During the current period, the company had one business segment - mineral exploration, within New Zealand and Vanuatu.

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