Tasman Resources (ASX:TAS) Debt-to-Equity : 0.73 (As of Dec. 2023)

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What is Tasman Resources Debt-to-Equity?

Tasman Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$11.63 Mil. Tasman Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Tasman Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$15.91 Mil. Tasman Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.73.

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

ASX:TAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.18 Max: 0.73
Current: 0.73

During the past 13 years, the highest Debt-to-Equity Ratio of Tasman Resources was 0.73. The lowest was 0.04. And the median was 0.18.

ASX:TAS's Debt-to-Equity is ranked worse than
82.46% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:TAS: 0.73

Tasman Resources Debt-to-Equity Historical Data

The historical data trend for Tasman 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.

Tasman Resources Debt-to-Equity Chart

Tasman Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.04

0.29

0.20

0.21

0.63

Tasman 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															0.18	0.21	0.48	0.63	0.73

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

For the Other Industrial Metals & Mining subindustry, Tasman 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.

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

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

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

Tasman Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tasman 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
	=	(10.279	+	0.041)	/	16.375
	=	0.63

Tasman 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
	=	(11.631	+	0.039)	/	15.909
	=	0.73

Tasman Resources (ASX:TAS) 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.

Tasman Resources Debt-to-Equity Related Terms

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

Tasman Resources (ASX:TAS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TASEF:USA

Address

197 St Georges Terrace, Level 15, Perth, WA, AUS, 6000

Website

https://www.tasmanresources.com.au

Tasman Resources Ltd is an Australian exploration company. The company is focusing on exploration projects with the potential to deposit a wide range of precious and base metals including gold, silver, copper, zinc, nickel, and uranium. Its projects are Lake Torrens Project, Pernatty Project and Vulcan prospect. The company's segments include Tasman Resources Ltd and Eden Innovations. It generates maximum revenue from the Eden Innovations segment.

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