Omnia Metals Group (ASX:OM1) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Omnia Metals Group Debt-to-Equity?

Omnia Metals Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Omnia Metals Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.01 Mil. Omnia Metals Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$8.43 Mil. Omnia Metals Group'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 Omnia Metals Group's Debt-to-Equity or its related term are showing as below:

ASX:OM1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.02
Current: 0.01

During the past 2 years, the highest Debt-to-Equity Ratio of Omnia Metals Group was 0.02. The lowest was 0.01. And the median was 0.01.

ASX:OM1's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs ASX:OM1: 0.01

Omnia Metals Group Debt-to-Equity Historical Data

The historical data trend for Omnia Metals Group'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.

Omnia Metals Group Debt-to-Equity Chart

Omnia Metals Group Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.02

0.01

Omnia Metals Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.02	0.01	0.01	0.01

Competitive Comparison of Omnia Metals Group's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Omnia Metals Group'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.

Omnia Metals Group's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Omnia Metals Group's Debt-to-Equity falls into.

Omnia Metals Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Omnia Metals Group'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
	=	(0.039	+	0.031)	/	9.237
	=	0.01

Omnia Metals Group'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
	=	(0.04	+	0.011)	/	8.427
	=	0.01

Omnia Metals Group (ASX:OM1) 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.

Omnia Metals Group Debt-to-Equity Related Terms

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Omnia Metals Group (ASX:OM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omnia Metals Group Ltd (ASX:OM1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Townshend Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.omniametals.com.au

Omnia Metals Group Ltd is a mineral exploration company focused on exploring copper, nickel, platinum group elements (PGE), and gold. The company holds interest in the Ord Basin Project and the Albany-Fraser Project. Its operating segment includes Exploration and evaluation - in Australia, Exploration and evaluation - in Canada, and Other sectors in corporate.

Omnia Metals Group (ASX:OM1) Headlines

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