Noble Helium (ASX:NHE) Debt-to-Equity : 0.12 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Noble Helium Debt-to-Equity?

Noble Helium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Noble Helium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$4.63 Mil. Noble Helium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$39.94 Mil. Noble Helium's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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 Noble Helium's Debt-to-Equity or its related term are showing as below:

ASX:NHE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.12 Max: 0.12
Current: 0.12

During the past 2 years, the highest Debt-to-Equity Ratio of Noble Helium was 0.12. The lowest was 0.12. And the median was 0.12.

ASX:NHE's Debt-to-Equity is ranked better than
74.75% of 1398 companies
in the Chemicals industry
Industry Median: 0.35 vs ASX:NHE: 0.12

Noble Helium Debt-to-Equity Historical Data

The historical data trend for Noble Helium'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.

Noble Helium Debt-to-Equity Chart

Noble Helium Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

Noble Helium Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	-	-	-	-	0.12

Competitive Comparison of Noble Helium's Debt-to-Equity

For the Specialty Chemicals subindustry, Noble Helium'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.

Noble Helium's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Noble Helium's Debt-to-Equity distribution charts can be found below:

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

Noble Helium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Noble Helium'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	+	0)	/	21.026
	=	0.00

Noble Helium'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	+	4.628)	/	39.943
	=	0.12

Noble Helium (ASX:NHE) 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.

Noble Helium Debt-to-Equity Related Terms

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

Noble Helium (ASX:NHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Noble Helium Ltd (ASX:NHE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St. Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.noblehelium.com.au

Noble Helium Ltd is an Independent Helium exploration company In Australia with operations and explorations in Tanzania, East Africa. It is engaged in developing large new supplies of high-grade primary helium to diversify the supply chain for the rare and technologically vital gas. The company has three projects namely; North Rukwa Project, North Nyasa Project and Eyasi and Manyara Projects.

Noble Helium (ASX:NHE) Headlines

No Headlines