Terramin Australia (ASX:TZN) Debt-to-Equity : 3.89 (As of Dec. 2023)

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What is Terramin Australia Debt-to-Equity?

Terramin Australia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$46.25 Mil. Terramin Australia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Terramin Australia's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$11.90 Mil. Terramin Australia's debt to equity for the quarter that ended in Dec. 2023 was 3.89.

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 Terramin Australia's Debt-to-Equity or its related term are showing as below:

ASX:TZN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.7 Max: 3.89
Current: 3.89

During the past 13 years, the highest Debt-to-Equity Ratio of Terramin Australia was 3.89. The lowest was 0.23. And the median was 0.70.

ASX:TZN's Debt-to-Equity is ranked worse than
98.08% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:TZN: 3.89

Terramin Australia Debt-to-Equity Historical Data

The historical data trend for Terramin Australia'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.

Terramin Australia Debt-to-Equity Chart

Terramin Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

0.82

1.14

1.55

3.89

Terramin Australia 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															1.14	0.73	1.55	1.83	3.89

Competitive Comparison of Terramin Australia's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Terramin Australia'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.

Terramin Australia's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Terramin Australia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Terramin Australia's Debt to Equity Ratio for the fiscal year 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
	=	(46.248	+	0)	/	11.904
	=	3.89

Terramin Australia'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
	=	(46.248	+	0)	/	11.904
	=	3.89

Terramin Australia (ASX:TZN) 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.

Terramin Australia Debt-to-Equity Related Terms

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

Terramin Australia (ASX:TZN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Terramin Australia Ltd (ASX:TZN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2115 Callington Road, Strathalbyn, SA, AUS, 5255

Website

https://www.terramin.com.au

Terramin Australia Ltd is engaged in development and exploration of base and precious metals and other economic mineral deposits. Its projects include Tala Hamza Zinc Project, Bird-in-Hand Gold Project, Angas Zinc Mine, and among others. It is organised into business units based on geography and has two reportable operating segments being Australia which explores, develops and mines zinc, lead and gold deposits and Northern Africa which develops a zinc deposit.

Terramin Australia (ASX:TZN) Headlines

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