Prodigy Gold NL (ASX:PRX) Debt-to-Equity : 73.43 (As of Dec. 2023)

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What is Prodigy Gold NL Debt-to-Equity?

Prodigy Gold NL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$8.3 Mil. Prodigy Gold NL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$471.2 Mil. Prodigy Gold NL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$6.5 Mil. Prodigy Gold NL's debt to equity for the quarter that ended in Dec. 2023 was 73.43.

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 Prodigy Gold NL's Debt-to-Equity or its related term are showing as below:

ASX:PRX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 36.86 Max: 73.43
Current: 73.43

During the past 13 years, the highest Debt-to-Equity Ratio of Prodigy Gold NL was 73.43. The lowest was 0.28. And the median was 36.86.

ASX:PRX's Debt-to-Equity is ranked worse than
100% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:PRX: 73.43

Prodigy Gold NL Debt-to-Equity Historical Data

The historical data trend for Prodigy Gold NL'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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Prodigy Gold NL Debt-to-Equity Chart

Prodigy Gold NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.28

Prodigy Gold NL 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															-	0.28	-	-	73.43

Competitive Comparison of Prodigy Gold NL's Debt-to-Equity

For the Gold subindustry, Prodigy Gold NL'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.

Prodigy Gold NL's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Prodigy Gold NL's Debt-to-Equity falls into.

Prodigy Gold NL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prodigy Gold NL'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)	/	14.563
	=	0.00

Prodigy Gold NL'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
	=	(8.3	+	471.2)	/	6.53
	=	73.43

Prodigy Gold NL (ASX:PRX) 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.

Prodigy Gold NL Debt-to-Equity Related Terms

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Prodigy Gold NL (ASX:PRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prodigy Gold NL (ASX:PRX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Smith Street, Level 1, Darwin, NT, AUS, 0800

Website

https://www.prodigygold.com.au

Prodigy Gold NL is a gold exploration company. Its exploration project portfolio comprises the Bluebush gold project, Euro gold project, Lake Mackay project, North Arunta project, and Suplejack gold project. The group has one operating segment reportable as exploration.

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