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Brazilian Rare Earths (FRA:X84) Debt-to-Equity : 0.01 (As of Jun. 2023)


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What is Brazilian Rare Earths Debt-to-Equity?

Brazilian Rare Earths's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.33 Mil. Brazilian Rare Earths's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.00 Mil. Brazilian Rare Earths's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €24.25 Mil. Brazilian Rare Earths's debt to equity for the quarter that ended in Jun. 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 Brazilian Rare Earths's Debt-to-Equity or its related term are showing as below:

FRA:X84' s Debt-to-Equity Range Over the Past 10 Years
Min: -11.48   Med: -5.59   Max: 0.3
Current: 0.3

During the past 2 years, the highest Debt-to-Equity Ratio of Brazilian Rare Earths was 0.30. The lowest was -11.48. And the median was -5.59.

FRA:X84's Debt-to-Equity is ranked worse than
65.06% of 1308 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:X84: 0.30

Brazilian Rare Earths Debt-to-Equity Historical Data

The historical data trend for Brazilian Rare Earths'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.

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Brazilian Rare Earths Debt-to-Equity Chart

Brazilian Rare Earths Annual Data
Trend Dec22 Dec23
Debt-to-Equity
-11.48 0.30

Brazilian Rare Earths Semi-Annual Data
Dec22 Jun23 Dec23
Debt-to-Equity -11.48 0.01 0.30

Competitive Comparison of Brazilian Rare Earths's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Brazilian Rare Earths'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.

Brazilian Rare Earths's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Brazilian Rare Earths's Debt-to-Equity falls into.


Brazilian Rare Earths Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brazilian Rare Earths's Debt to Equity Ratio for the fiscal year 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
=(4.499 + 2.095) / 21.986
=0.30

Brazilian Rare Earths's Debt to Equity Ratio for the quarter 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
=(0.325 + 0) / 24.253
=0.01

* 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.

Brazilian Rare Earths  (FRA:X84) 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.

Brazilian Rare Earths Debt-to-Equity Related Terms

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

Brazilian Rare Earths (FRA:X84) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brazilian Rare Earths Ltd (FRA:X84) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
BRE:Australia
Address
11-15 Labouchere Road, Suite 53, Level 2, South Perth, WA, AUS, 6151
Website
https://www.brazilianrareearths.com
Brazilian Rare Earths Ltd is an Australian-based company focused on exploring rare earth elements and other critical minerals in Brazil. The company owns and operates a district-scale Tier One Rare Earths Province, located in North Eastern Brazil. The company has a project named Rocha da Rocha Critical Minerals which represents one of the exciting critical minerals discoveries globally.

Brazilian Rare Earths (FRA:X84) Headlines

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