Reach Resources (ASX:RR1) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Reach Resources Debt-to-Equity?

Reach Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Reach Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Reach Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$9.84 Mil. Reach 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 Reach Resources's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Reach Resources was 2.97. The lowest was -2.59. And the median was 0.08.

ASX:RR1'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.

Reach Resources Debt-to-Equity Historical Data

The historical data trend for Reach 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.

Reach Resources Debt-to-Equity Chart

Reach Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.49

1.29

0.13

0.08

Reach Resources 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															0.13	0.08	0.09	-	-

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

For the Gold subindustry, Reach 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.

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

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

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

Reach Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reach 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	+	0)	/	6.027
	=	0.00

Reach 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	+	0)	/	9.843
	=	0.00

Reach Resources (ASX:RR1) 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.

Reach Resources Debt-to-Equity Related Terms

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

Reach Resources (ASX:RR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Reach Resources Ltd (ASX:RR1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 4, South Perth, Perth, WA, AUS, 6000

Website

https://www.reachresources.com.au

Reach Resources Ltd is a gold and base metals exploration company. It is currently involved in the Primrose Gold Project and the Skyline Rare Earth project. Skyline Rare Earth project is in the Gascoyne province of Western Australia. The Company acquired additional rare earth ground via Critical Elements Pty Ltd which is approximately 80km south of the Skyline Rare Earth project.

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