West African Resources (ASX:WAF) Debt-to-Equity : 0.17 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is West African Resources Debt-to-Equity?

West African Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$16.1 Mil. West African Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$133.1 Mil. West African Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$861.2 Mil. West African Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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

ASX:WAF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.94 Med: 0.17 Max: 3.19
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of West African Resources was 3.19. The lowest was -1.94. And the median was 0.17.

ASX:WAF's Debt-to-Equity is ranked worse than
54.08% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:WAF: 0.17

West African Resources Debt-to-Equity Historical Data

The historical data trend for West African 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.

West African Resources Debt-to-Equity Chart

West African Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

3.19

1.47

0.05

0.03

0.17

West African Resources 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															0.05	0.04	0.03	0.03	0.17

Competitive Comparison of West African Resources's Debt-to-Equity

For the Gold subindustry, West African 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.

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

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

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

West African Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

West African Resources'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
	=	(16.072	+	133.078)	/	861.204
	=	0.17

West African 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
	=	(16.072	+	133.078)	/	861.204
	=	0.17

West African Resources (ASX:WAF) 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.

West African Resources Debt-to-Equity Related Terms

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

West African Resources (ASX:WAF) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WFRSF:USA W25:Germany

Address

1 Alvan Street, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.westafricanresources.com

West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The company operates in two segments: Mining operations and Exploration.

West African Resources (ASX:WAF) Headlines

No Headlines