Newfield Resources (ASX:NWF) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Newfield Resources Debt-to-Equity?

Newfield Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.85 Mil. Newfield Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Newfield Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$112.19 Mil. Newfield Resources'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 Newfield Resources's Debt-to-Equity or its related term are showing as below:

ASX:NWF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.99
Current: 0.02

During the past 11 years, the highest Debt-to-Equity Ratio of Newfield Resources was 0.99. The lowest was 0.00. And the median was 0.02.

ASX:NWF's Debt-to-Equity is ranked better than
82.81% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:NWF: 0.02

Newfield Resources Debt-to-Equity Historical Data

The historical data trend for Newfield 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.

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Newfield Resources Debt-to-Equity Chart

Newfield Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.38

0.99

0.17

Newfield 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															0.01	-	0.04	0.17	0.02

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

For the Other Precious Metals & Mining subindustry, Newfield 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.

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

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

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

Newfield Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Newfield Resources'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
	=	(4.065	+	13)	/	99.683
	=	0.17

Newfield 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
	=	(1.854	+	0)	/	112.193
	=	0.02

Newfield Resources (ASX:NWF) 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.

Newfield Resources Debt-to-Equity Related Terms

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

Newfield Resources (ASX:NWF) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

15 McCabe Street, North Fremantle, WA, AUS, 6159

Website

https://www.newfieldresources.com.au

Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.

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