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

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What is Equinox Resources Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$15.42 Mil. Equinox Resources's debt to equity for the quarter that ended in Jun. 2023 was 0.01.

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

ASX:EQN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.01
Current: 0.01

During the past 2 years, the highest Debt-to-Equity Ratio of Equinox Resources was 0.01. The lowest was 0.00. And the median was 0.01.

ASX:EQN's Debt-to-Equity is ranked better than
99.82% of 558 companies
in the Steel industry
Industry Median: 0.415 vs ASX:EQN: 0.01

Equinox Resources Debt-to-Equity Historical Data

The historical data trend for Equinox 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.

Equinox Resources Debt-to-Equity Chart

Equinox Resources Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.01

Equinox Resources Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	N/A	-	N/A	0.01	N/A

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

For the Steel subindustry, Equinox 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.

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

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

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

Equinox Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Equinox 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
	=	(0.055	+	0.071)	/	15.424
	=	0.01

Equinox Resources's Debt to Equity Ratio for the quarter 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
	=	(0.055	+	0.071)	/	15.424
	=	0.01

Equinox Resources (ASX:EQN) 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.

Equinox Resources Debt-to-Equity Related Terms

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

Equinox Resources (ASX:EQN) Business Description

Industry

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

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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