WA1 Resources (ASX:WA1) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is WA1 Resources Debt-to-Equity?

WA1 Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. WA1 Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. WA1 Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$35.70 Mil. WA1 Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 WA1 Resources's Debt-to-Equity or its related term are showing as below:

During the past 2 years, the highest Debt-to-Equity Ratio of WA1 Resources was 0.01. The lowest was 0.00. And the median was 0.00.

ASX:WA1's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

WA1 Resources Debt-to-Equity Historical Data

The historical data trend for WA1 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.

WA1 Resources Debt-to-Equity Chart

WA1 Resources Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

WA1 Resources Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	-	-	0.01	-	-

Competitive Comparison of WA1 Resources's Debt-to-Equity

For the Copper subindustry, WA1 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.

WA1 Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, WA1 Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where WA1 Resources's Debt-to-Equity falls into.

WA1 Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WA1 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
	=	(0.044	+	0)	/	22.564
	=	0.00

WA1 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
	=	(0.015	+	0)	/	35.695
	=	0.00

WA1 Resources (ASX:WA1) 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.

WA1 Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of WA1 Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

WA1 Resources (ASX:WA1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » WA1 Resources Ltd (ASX:WA1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Carrington Street, Level 2, Nedlands, WA, AUS, 6009

Website

https://www.wa1.com.au

WA1 Resources Ltd is a mineral development in Western Australia and the Northern Territory. Its projects include West Arunta, Madura, and Hidden Valley.

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