Mount Gibson Iron (ASX:MGX) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Mount Gibson Iron Debt-to-Equity?

Mount Gibson Iron's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$9.5 Mil. Mount Gibson Iron's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$7.2 Mil. Mount Gibson Iron's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$673.8 Mil. Mount Gibson Iron's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Mount Gibson Iron's Debt-to-Equity or its related term are showing as below:

ASX:MGX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.11
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Mount Gibson Iron was 0.11. The lowest was 0.00. And the median was 0.02.

ASX:MGX's Debt-to-Equity is ranked better than
94.27% of 558 companies
in the Steel industry
Industry Median: 0.415 vs ASX:MGX: 0.03

Mount Gibson Iron Debt-to-Equity Historical Data

The historical data trend for Mount Gibson Iron'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.

Mount Gibson Iron Debt-to-Equity Chart

Mount Gibson Iron Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.03

0.02

0.04

Mount Gibson Iron 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															0.03	0.02	0.11	0.04	0.03

Competitive Comparison of Mount Gibson Iron's Debt-to-Equity

For the Steel subindustry, Mount Gibson Iron'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.

Mount Gibson Iron's Debt-to-Equity Distribution in the Steel Industry

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

* The bar in red indicates where Mount Gibson Iron's Debt-to-Equity falls into.

Mount Gibson Iron Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mount Gibson Iron'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
	=	(11.194	+	11.851)	/	539.231
	=	0.04

Mount Gibson Iron'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
	=	(9.503	+	7.247)	/	673.774
	=	0.02

Mount Gibson Iron (ASX:MGX) 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.

Mount Gibson Iron Debt-to-Equity Related Terms

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

Mount Gibson Iron (ASX:MGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mount Gibson Iron Ltd (ASX:MGX) » Definitions » Debt-to-Equity

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MTGRY:USA MTGRF:USA

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mtgibsoniron.com.au

Mount Gibson Iron Ltd is a Western Australia-based iron ore mining company. The activities of the company involve mining, processing and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; care and maintenance of the Shine hematite iron ore site and related infrastructure, rehabilitation works at the Extension Hill mine site and management of the Geraldton Port facilities in the Mid-West region of Western Australia; treasury management; and the pursuit of mineral resources acquisitions and investments. The company operates into two segments: Mid-West segment and Koolan Island segment. The company derives the majority of its revenue from Koolan Island.

Mount Gibson Iron (ASX:MGX) Headlines

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