Nova Minerals (ASX:NVA) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Nova Minerals Debt-to-Equity?

Nova Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.91 Mil. Nova Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Nova Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$95.25 Mil. Nova Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Nova Minerals's Debt-to-Equity or its related term are showing as below:

ASX:NVA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.07
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Nova Minerals was 0.07. The lowest was 0.02. And the median was 0.06.

ASX:NVA's Debt-to-Equity is ranked better than
60.86% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:NVA: 0.07

Nova Minerals Debt-to-Equity Historical Data

The historical data trend for Nova Minerals'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.

Nova Minerals Debt-to-Equity Chart

Nova Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.02

0.06

Nova Minerals 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															-	-	0.07	0.06	0.07

Competitive Comparison of Nova Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Nova Minerals'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.

Nova Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Nova Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nova Minerals'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
	=	(1.18	+	5.353)	/	105.603
	=	0.06

Nova Minerals'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
	=	(6.912	+	0)	/	95.249
	=	0.07

Nova Minerals (ASX:NVA) 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.

Nova Minerals Debt-to-Equity Related Terms

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Nova Minerals (ASX:NVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nova Minerals Ltd (ASX:NVA) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

NVAAF:USA QM3:Germany

Address

242 Hawthorn Road, Suite 5, Caulfield, VIC, AUS, 3161

Website

https://www.novaminerals.com.au

Nova Minerals Ltd is a minerals explorer and developer focused on gold and lithium projects in North America. It has a diversified portfolio of projects across the US, Canada, and Australia. Its key projects include Nova's 6.2Moz Estelle Gold Project on Korbel Main and RPM in Alaska, which holds some of North America's largest gold deposits, and the company's majority-owned Snow Lakes Resources, a proposed zero carbon lithium spodumene project in Canada ideally located on rail access to the US Auto Alley. Nova aims to provide shareholders with diversification through exposure to base and precious metals and to capitalize on the growing demand for lithium-based energy storage.

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