Sunshine Metals (ASX:SHN) Debt-to-Equity : 0.01 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Sunshine Metals Debt-to-Equity?

Sunshine Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.10 Mil. Sunshine Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Sunshine Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$17.23 Mil. Sunshine Metals'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 Sunshine Metals's Debt-to-Equity or its related term are showing as below:

ASX:SHN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.3
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Sunshine Metals was 0.30. The lowest was 0.00. And the median was 0.01.

ASX:SHN's Debt-to-Equity is ranked better than
99.92% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:SHN: 0.01

Sunshine Metals Debt-to-Equity Historical Data

The historical data trend for Sunshine Metals'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.

Sunshine Metals Debt-to-Equity Chart

Sunshine Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.01

Sunshine Metals 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															-	0.02	0.02	0.01	0.01

Competitive Comparison of Sunshine Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Sunshine Metals'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.

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

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

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

Sunshine Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunshine Metals'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
	=	(0.1	+	0.086)	/	14.622
	=	0.01

Sunshine Metals'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
	=	(0.103	+	0.034)	/	17.23
	=	0.01

Sunshine Metals (ASX:SHN) 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.

Sunshine Metals Debt-to-Equity Related Terms

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

Sunshine Metals (ASX:SHN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Mackley Street, Unit 1, Garbutt, QLD, AUS, 4814

Website

https://www.shnmetals.com.au

Sunshine Metals Ltd is focused on discovery and development at its high quality gold and copper projects in Queensland, comprising Ravenswood Consolidated, Triumph, Investigator and Hodgkinson projects.

Sunshine Metals (ASX:SHN) Headlines

No Headlines