Iluka Resources (ASX:ILU) Debt-to-Equity : 0.08 (As of Dec. 2023)

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What is Iluka Resources Debt-to-Equity?

Iluka Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$8 Mil. Iluka Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$155 Mil. Iluka Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,159 Mil. Iluka Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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

ASX:ILU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.55
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Iluka Resources was 0.55. The lowest was 0.02. And the median was 0.06.

ASX:ILU's Debt-to-Equity is ranked better than
58.37% of 1314 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:ILU: 0.08

Iluka Resources Debt-to-Equity Historical Data

The historical data trend for Iluka 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.

Iluka Resources Debt-to-Equity Chart

Iluka Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.05

0.02

0.03

0.08

Iluka 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															0.02	0.02	0.03	0.06	0.08

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

For the Other Industrial Metals & Mining subindustry, Iluka 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.

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

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

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

Iluka Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Iluka Resources's Debt to Equity Ratio for the fiscal year 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
	=	(8.4	+	155.3)	/	2158.5
	=	0.08

Iluka 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
	=	(8.4	+	155.3)	/	2158.5
	=	0.08

Iluka Resources (ASX:ILU) 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.

Iluka Resources Debt-to-Equity Related Terms

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

Iluka Resources (ASX:ILU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iluka Resources Ltd (ASX:ILU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ILKAY:USA ILKAF:USA ILZ:Germany

Address

240 St Georges Terrace, Level 17, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Iluka Resources is a leading global mineral sands miner. It is the largest global producer of zircon, and one of the largest producers of titanium dioxide feedstocks (rutile, synthetic rutile). Low zircon costs are underpinned by the high-grade Jacinth-Ambrosia mine in South Australia but reserve life is less than 10 years. A 20% shareholding in Deterra Royalties brings exposure to the high-quality Mining Area C iron ore royalty. Iluka is constructing its West Balranald rutile and zircon mine while also building a rare-earth refinery at Eneabba, which will be able to process Iluka's existing monazite stockpile as well as feed from third parties and future Iluka projects.

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