Aeris Resources (Aeris Resources) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Aeris Resources Debt-to-Equity?

Aeris Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.0 Mil. Aeris Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $34.9 Mil. Aeris Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $186.3 Mil. Aeris Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.22.

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 Aeris Resources's Debt-to-Equity or its related term are showing as below:

ARSRF' s Debt-to-Equity Range Over the Past 10 Years
Min: -21.39 Med: 0.62 Max: 244.72
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Aeris Resources was 244.72. The lowest was -21.39. And the median was 0.62.

ARSRF's Debt-to-Equity is ranked worse than
59.79% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ARSRF: 0.23

Aeris Resources Debt-to-Equity Historical Data

The historical data trend for Aeris 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.

Aeris Resources Debt-to-Equity Chart

Aeris Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.73

0.76

0.19

0.06

0.09

Aeris 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															0.07	0.06	0.06	0.09	0.23

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

For the Other Industrial Metals & Mining subindustry, Aeris 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.

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

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

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

Aeris Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aeris 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
	=	(6.907	+	9.744)	/	178.771
	=	0.09

Aeris 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
	=	(6.979	+	34.892)	/	186.259
	=	0.22

Aeris Resources (OTCPK:ARSRF) 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.

Aeris Resources Debt-to-Equity Related Terms

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Aeris Resources (Aeris Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aeris Resources Ltd (OTCPK:ARSRF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

AIS:Australia

Address

120 Edward Street, Level 6, Brisbane, QLD, AUS, 4000

Website

https://www.aerisresources.com.au

Aeris Resources Ltd is a mineral exploration and production company. It engages in mineral production and sale of copper, gold, and silver and the exploration of copper. Business operating segments are organized into 6 divisions being: Tritton Copper Operations (Tritton) in New South Wales; Cracow Gold Operations (Cracow) in Queensland; North West Copper Operations (North West) in Queensland, Jaguar Zinc and Copper Operations (Jaguar) in Western Australia; Stockman Copper and Zinc Project (Stockman) in Victoria; and Others, representing corporate activities. Substantial revenue is generated from Tritton Copper Operation.