Ozz Resources (ASX:OZZ) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Ozz Resources Debt-to-Equity?

Ozz Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Ozz Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Ozz Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1.10 Mil. Ozz Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

ASX:OZZ' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.21 Med: 0.01 Max: 0.05
Current: 0.02

During the past 2 years, the highest Debt-to-Equity Ratio of Ozz Resources was 0.05. The lowest was -0.21. And the median was 0.01.

ASX:OZZ's Debt-to-Equity is ranked better than
82.71% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:OZZ: 0.02

Ozz Resources Debt-to-Equity Historical Data

The historical data trend for Ozz 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.

Ozz Resources Debt-to-Equity Chart

Ozz Resources Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.05

0.01

Ozz Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	-	0.05	-0.21	0.01	-

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

For the Gold subindustry, Ozz 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.

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

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

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

Ozz Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ozz 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
	=	(0.018	+	0)	/	1.458
	=	0.01

Ozz 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
	=	(0	+	0)	/	1.101
	=	0.00

Ozz Resources (ASX:OZZ) 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.

Ozz Resources Debt-to-Equity Related Terms

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Ozz Resources (ASX:OZZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 St Georges Terrace, Level 3, Perth, WA, AUS, 6000

Website

https://www.ozzresources.com.au

Ozz Resources Ltd is a Perth-based and Western Australian-focused gold and base metal explorer. Its projects include Mount Davis Project, Peterwangy Project, Maguires Reward Project, Rabbit Bore Project, and Wardarbie South Project.

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