BCI Minerals (ASX:BCI) Debt-to-Equity : 0.45 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is BCI Minerals Debt-to-Equity?

BCI Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$85.37 Mil. BCI Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$107.91 Mil. BCI Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$430.69 Mil. BCI Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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

ASX:BCI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.45
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of BCI Minerals was 0.45. The lowest was 0.01. And the median was 0.05.

ASX:BCI's Debt-to-Equity is ranked worse than
52.09% of 551 companies
in the Steel industry
Industry Median: 0.42 vs ASX:BCI: 0.45

BCI Minerals Debt-to-Equity Historical Data

The historical data trend for BCI Minerals'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.

BCI Minerals Debt-to-Equity Chart

BCI Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.01

0.05

0.24

BCI Minerals 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															0.04	0.05	0.23	0.24	0.45

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

For the Steel subindustry, BCI Minerals'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.

BCI Minerals's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BCI Minerals's Debt-to-Equity distribution charts can be found below:

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

BCI Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BCI Minerals'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
	=	(0.657	+	103.337)	/	431.461
	=	0.24

BCI Minerals'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
	=	(85.373	+	107.914)	/	430.694
	=	0.45

BCI Minerals (ASX:BCI) 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.

BCI Minerals Debt-to-Equity Related Terms

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

BCI Minerals (ASX:BCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BCI Minerals Ltd (ASX:BCI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BIRNF:USA

Address

1 Altona Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.bciminerals.com.au

BCI Minerals Ltd is an Australia-based resources company, managing a diversified portfolio of mineral interests. Its assets include Buckland, Mardie Salt, Carnegie Potash, and other exploration projects including Marble bar, Black Hills, and Maitland. The company earns potential iron ore royalties over third party projects located in the Pilbara. It holds an interest in Mardie Salt & Potash Project, Carnegie Potash Project, and Iron Valley Iron Ore Mine. The firm has three reportable segments being; Iron Valley, Mardie, and Other (Corporate and other assets). Sales revenue comprises iron ore sales in Australia.

BCI Minerals (ASX:BCI) Headlines

From GuruFocus

Aberdeen Standard Investments Reduces Fee for Commodity ETF

By PRNewswire PRNewswire • 12-14-2018