Equinox Resources (ASX:EQN) Debt-to-Asset : 0.01 (As of Jun. 2023)

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What is Equinox Resources Debt-to-Asset?

Equinox Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.06 Mil. Equinox Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.07 Mil. Equinox Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was A$15.90 Mil. Equinox Resources's debt to asset for the quarter that ended in Jun. 2023 was 0.01.

Equinox Resources Debt-to-Asset Historical Data

The historical data trend for Equinox Resources's Debt-to-Asset 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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Equinox Resources Debt-to-Asset Chart

Equinox Resources Annual Data

Trend

Jun22

Jun23

Debt-to-Asset

0.01

Equinox Resources Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	-	-	-	0.01	-

Competitive Comparison of Equinox Resources's Debt-to-Asset

For the Steel subindustry, Equinox Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Equinox Resources's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Equinox Resources's Debt-to-Asset distribution charts can be found below:

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

Equinox Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Equinox Resources's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.055	+	0.071)	/	15.904
	=	0.01

Equinox Resources's Debt-to-Asset for the quarter that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.055	+	0.071)	/	15.904
	=	0.01

Equinox Resources (ASX:EQN) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Equinox Resources Debt-to-Asset Related Terms

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Equinox Resources (ASX:EQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equinox Resources Ltd (ASX:EQN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

182 St George's Terrace, Level 50, Perth, WA, AUS, 6000

Website

https://www.eqnx.com.au

Equinox Resources Ltd is a mineral exploration appraising and development company. It owns interests in the Hamersley Iron Ore Project is located north of Tom Price in the Pilbara region of Western Australia.

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