Quantum Graphite (ASX:QGL) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is Quantum Graphite Debt-to-Equity?

Quantum Graphite's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Quantum Graphite's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.63 Mil. Quantum Graphite's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$16.38 Mil. Quantum Graphite's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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 Quantum Graphite's Debt-to-Equity or its related term are showing as below:

ASX:QGL' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.43 Med: 0.08 Max: 22.77
Current: 0.16

During the past 8 years, the highest Debt-to-Equity Ratio of Quantum Graphite was 22.77. The lowest was -8.43. And the median was 0.08.

ASX:QGL's Debt-to-Equity is ranked worse than
52.95% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:QGL: 0.16

Quantum Graphite Debt-to-Equity Historical Data

The historical data trend for Quantum Graphite'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.

Quantum Graphite Debt-to-Equity Chart

Quantum Graphite Annual Data

Trend

Jun14

Jun15

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.08

0.07

Quantum Graphite Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													0.10	0.08	0.07	0.07	0.16

Competitive Comparison of Quantum Graphite's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Quantum Graphite'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.

Quantum Graphite's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Quantum Graphite Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quantum Graphite'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
	=	(1.3	+	0)	/	17.645
	=	0.07

Quantum Graphite'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	+	2.626)	/	16.384
	=	0.16

Quantum Graphite (ASX:QGL) 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.

Quantum Graphite Debt-to-Equity Related Terms

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

Quantum Graphite (ASX:QGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quantum Graphite Ltd (ASX:QGL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

L5, 349 Collins Street, Melbourne, VIC, AUS, 3000

Website

http://www.quantumgraphite.com

Quantum Graphite Ltd operates in the mining industry. It is engaged in the exploration, mining, processing and manufacture of graphite and associated products.

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