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AuKing Mining (ASX:AKN) Debt-to-Equity : 0.13 (As of Dec. 2024)


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What is AuKing Mining Debt-to-Equity?

AuKing Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.80 Mil. AuKing Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. AuKing Mining's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$6.27 Mil. AuKing Mining's debt to equity for the quarter that ended in Dec. 2024 was 0.13.

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 AuKing Mining's Debt-to-Equity or its related term are showing as below:

ASX:AKN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.98   Med: -0.7   Max: 1.39
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of AuKing Mining was 1.39. The lowest was -0.98. And the median was -0.70.

ASX:AKN's Debt-to-Equity is ranked better than
50.85% of 1239 companies
in the Metals & Mining industry
Industry Median: 0.14 vs ASX:AKN: 0.13

AuKing Mining Debt-to-Equity Historical Data

The historical data trend for AuKing Mining'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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AuKing Mining Debt-to-Equity Chart

AuKing Mining Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.70 - - - 0.13

AuKing Mining Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 - - - 0.10 0.13

Competitive Comparison of AuKing Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, AuKing Mining'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.


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

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

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


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AuKing Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AuKing Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

AuKing Mining's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

* 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.


AuKing Mining  (ASX:AKN) 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.


AuKing Mining Debt-to-Equity Related Terms

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


AuKing Mining Business Description

Traded in Other Exchanges
N/A
Address
127 Creek Street, Suite 2208, Level 22, Brisbane, QLD, AUS, 4000
AuKing Mining Ltd is a resource exploration and development company. Its project profile includes Koongie Park copper/zinc project, situated in the south-eastern Kimberley Region of northern Western Australia.

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