Trinex Minerals (ASX:TX3) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Trinex Minerals Debt-to-Equity?

Trinex Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.08 Mil. Trinex Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.11 Mil. Trinex Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$16.66 Mil. Trinex Minerals'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 Trinex Minerals's Debt-to-Equity or its related term are showing as below:

ASX:TX3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.03
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Trinex Minerals was 0.03. The lowest was 0.00. And the median was 0.00.

ASX:TX3's Debt-to-Equity is ranked better than
99.92% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:TX3: 0.01

Trinex Minerals Debt-to-Equity Historical Data

The historical data trend for Trinex Minerals'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.

Trinex Minerals Debt-to-Equity Chart

Trinex Minerals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.03

Trinex Minerals 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	0.03	0.01

Competitive Comparison of Trinex Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Trinex Minerals'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.

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

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

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

Trinex Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trinex Minerals'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
	=	(0.076	+	0.154)	/	8.65
	=	0.03

Trinex Minerals'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
	=	(0.08	+	0.113)	/	16.657
	=	0.01

Trinex Minerals (ASX:TX3) 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.

Trinex Minerals Debt-to-Equity Related Terms

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Trinex Minerals (ASX:TX3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trinex Minerals Ltd (ASX:TX3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

128 Churchill Ave, Subiaco, Perth, WA, AUS, 6008

Website

https://www.trrltd.com.au

Trinex Minerals Ltd is an Australian-based resources company exploring for critical minerals, which are essential for the future transition towards clean energy. The company holds several lithium focused projects in Canada, a base metals resource at its Mt Hardy Project in the Northern Territory, several exciting projects in Western Australia and South Australia.

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