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Meteoric Resources NL (HAM:RNF) Debt-to-Equity : 0.00 (As of Dec. 2023)


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What is Meteoric Resources NL Debt-to-Equity?

Meteoric Resources NL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Meteoric Resources NL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Meteoric Resources NL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €16.50 Mil. Meteoric Resources NL'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 Meteoric Resources NL's Debt-to-Equity or its related term are showing as below:

HAM:RNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11   Med: 0.11   Max: 0.11
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Meteoric Resources NL was 0.11. The lowest was 0.11. And the median was 0.11.

HAM:RNF's Debt-to-Equity is ranked better than
60.66% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs HAM:RNF: 0.07

Meteoric Resources NL Debt-to-Equity Historical Data

The historical data trend for Meteoric Resources NL'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.

Meteoric Resources NL Debt-to-Equity Chart

Meteoric Resources NL Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.11

Meteoric Resources NL 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 0.11 -

Competitive Comparison of Meteoric Resources NL's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Meteoric Resources NL'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.

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

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

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


Meteoric Resources NL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meteoric Resources NL'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 + 1.086) / 9.837
=0.11

Meteoric Resources NL'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 + 0) / 16.5
=0.00

* 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.

Meteoric Resources NL  (HAM:RNF) 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.

Meteoric Resources NL Debt-to-Equity Related Terms

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Meteoric Resources NL (HAM:RNF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meteoric Resources NL (HAM:RNF) » Definitions » Debt-to-Equity
Comparable Companies
ASX:CHN ASX:GRR ASX:ARU ASX:RHI ASX:SYR ASX:MAU ASX:IPX ASX:MLX ASX:INR ASX:OMH ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
METOF:USA RNF:Germany MEI:Australia
Address
35 Ventnor Street, Level 1, West Perth, Perth, WA, AUS, 6005
Website
https://www.meteoric.com.au
Meteoric Resources NL explores mineral tenements. It focuses on iron, gold, copper, and nickel deposits with a portfolio of projects in Brazil, Canada, Western Australia, and Northern Territory. The company projects include Juruena Gold Project, Brazil; Palm Springs Gold Project, Western Australia; Novo Astro Project; Warrego North Project; and Webb Diamond JV. The Group has three reportable segments being exploration activities in Brazil, exploration activities in Canada and exploration activities in Australia.