Minerals 260 (ASX:MI6) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Minerals 260 Debt-to-Equity?

Minerals 260's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.06 Mil. Minerals 260's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.57 Mil. Minerals 260's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$13.51 Mil. Minerals 260's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Minerals 260's Debt-to-Equity or its related term are showing as below:

ASX:MI6' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.05
Current: 0.05

During the past 3 years, the highest Debt-to-Equity Ratio of Minerals 260 was 0.05. The lowest was 0.01. And the median was 0.01.

ASX:MI6's Debt-to-Equity is ranked better than
66.67% of 1308 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:MI6: 0.05

Minerals 260 Debt-to-Equity Historical Data

The historical data trend for Minerals 260'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.

Minerals 260 Debt-to-Equity Chart

Minerals 260 Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

Minerals 260 Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	-	-	0.01	0.01	0.05

Competitive Comparison of Minerals 260's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Minerals 260'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.

Minerals 260's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Minerals 260's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Minerals 260's Debt-to-Equity falls into.

Minerals 260 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minerals 260'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
	=	(0.039	+	0.058)	/	16.612
	=	0.01

Minerals 260'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
	=	(0.057	+	0.57)	/	13.51
	=	0.05

Minerals 260 (ASX:MI6) 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.

Minerals 260 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Minerals 260's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Minerals 260 (ASX:MI6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minerals 260 Ltd (ASX:MI6) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1292 Hay Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.minerals260.com.au

Minerals 260 Ltd is a mineral exploration company. The company's projects include Moora Project, Koojan JV Project, Dingo Rocks, and Yalwest.

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