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Red Hawk Mining (ASX:RHK) Debt-to-Equity : 0.01 (As of Dec. 2023)


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What is Red Hawk Mining Debt-to-Equity?

Red Hawk Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.53 Mil. Red Hawk Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.20 Mil. Red Hawk Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$84.76 Mil. Red Hawk Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Red Hawk Mining's Debt-to-Equity or its related term are showing as below:

ASX:RHK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.04   Max: 0.15
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Red Hawk Mining was 0.15. The lowest was 0.00. And the median was 0.04.

ASX:RHK's Debt-to-Equity is ranked better than
99.92% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:RHK: 0.01

Red Hawk Mining Debt-to-Equity Historical Data

The historical data trend for Red Hawk Mining'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.

Red Hawk Mining Debt-to-Equity Chart

Red Hawk Mining Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.05 0.04 0.02 -

Red Hawk Mining 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.02 - - 0.01

Competitive Comparison of Red Hawk Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Red Hawk Mining'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.


Red Hawk Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Red Hawk Mining's Debt-to-Equity falls into.



Red Hawk Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Red Hawk Mining's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Red Hawk Mining's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Red Hawk Mining  (ASX:RHK) 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.


Red Hawk Mining Debt-to-Equity Related Terms

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


Red Hawk Mining (ASX:RHK) Business Description

Traded in Other Exchanges
Address
23 Ventnor Avenue, Ground Floor, Perth, WA, AUS, 6005
Red Hawk Mining Ltd Formerly Flinders Mines Ltd is engaged in the exploration of mineral deposits. It has exploration operations in iron ore mineralisation, gold and base metals. The group's projects include the Pilbara Iron Ore and Canegrass Magnetite projects. The Pilbara Iron Ore project is located in the Pilbara region of Western Australia. The Canegrass project is located near Mount Magnet, Western Australia.

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