Westgold Resources (ASX:WGX) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Westgold Resources Debt-to-Equity?

Westgold Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$16.6 Mil. Westgold Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$18.7 Mil. Westgold Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$643.2 Mil. Westgold Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

ASX:WGX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.09
Current: 0.06

During the past 7 years, the highest Debt-to-Equity Ratio of Westgold Resources was 0.09. The lowest was 0.03. And the median was 0.07.

ASX:WGX's Debt-to-Equity is ranked better than
63.62% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:WGX: 0.06

Westgold Resources Debt-to-Equity Historical Data

The historical data trend for Westgold 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.

Westgold Resources Debt-to-Equity Chart

Westgold Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.08

0.07

0.05

Westgold Resources Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.06	0.07	0.06	0.05	0.06

Competitive Comparison of Westgold Resources's Debt-to-Equity

For the Gold subindustry, Westgold 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.

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

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

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

Westgold Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Westgold Resources'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
	=	(15.943	+	11.548)	/	598.339
	=	0.05

Westgold 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
	=	(16.579	+	18.749)	/	643.213
	=	0.05

Westgold Resources (ASX:WGX) 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.

Westgold Resources Debt-to-Equity Related Terms

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

Westgold Resources (ASX:WGX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WGXRF:USA 0W2:Germany

Address

200 St Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.westgold.com.au

Westgold Resources Ltd is engaged in the exploration, development, and operation of gold mines, predominantly in Western Australia. The company comprises the following reportable segments - Murchison Operations, Bryah Operations and others. Murchison Operations segment contributes to the vast majority of revenue.

Westgold Resources (ASX:WGX) Headlines

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