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High-Tech Metals (ASX:HTM) Debt-to-Equity : 0.04 (As of Dec. 2023)


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What is High-Tech Metals Debt-to-Equity?

High-Tech Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.06 Mil. High-Tech Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.08 Mil. High-Tech Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.90 Mil. High-Tech Metals's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 High-Tech Metals's Debt-to-Equity or its related term are showing as below:

ASX:HTM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.04   Max: 0.04
Current: 0.04

During the past 1 years, the highest Debt-to-Equity Ratio of High-Tech Metals was 0.04. The lowest was 0.04. And the median was 0.04.

ASX:HTM's Debt-to-Equity is ranked better than
70.82% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:HTM: 0.04

High-Tech Metals Debt-to-Equity Historical Data

The historical data trend for High-Tech Metals'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.

High-Tech Metals Debt-to-Equity Chart

High-Tech Metals Annual Data
Trend Jun23
Debt-to-Equity
0.04

High-Tech Metals Semi-Annual Data
Dec22 Jun23 Dec23
Debt-to-Equity - 0.04 0.04

Competitive Comparison of High-Tech Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, High-Tech Metals'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.

High-Tech Metals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where High-Tech Metals's Debt-to-Equity falls into.


High-Tech Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

High-Tech Metals'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
=(0.062 + 0.114) / 4.207
=0.04

High-Tech Metals'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
=(0.064 + 0.081) / 3.896
=0.04

* 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.

High-Tech Metals  (ASX:HTM) 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.

High-Tech Metals Debt-to-Equity Related Terms

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

High-Tech Metals (ASX:HTM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » High-Tech Metals Ltd (ASX:HTM) » Definitions » Debt-to-Equity
Comparable Companies
ASX:BMG ASX:SUM ASX:ADC ASX:HOR ASX:BAT ASX:BUS ASX:PIM ASX:TRT ASX:GED ASX:EMT ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
N/A
Address
22 Townshend Road, Subiaco, WA, AUS, 6009
Website
https://www.hightechmetals.com.au
High-Tech Metals Ltd is engaged in the exploration and development of mineral resource properties, It holds Werner Lake Project, a cobalt project located in north-western Ontario, Canada, within the Kenora Mining District.

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