Widgie Nickel (ASX:WIN) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Widgie Nickel Debt-to-Equity?

Widgie Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.16 Mil. Widgie Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Widgie Nickel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$41.92 Mil. Widgie Nickel's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Widgie Nickel's Debt-to-Equity or its related term are showing as below:

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

During the past 1 years, the highest Debt-to-Equity Ratio of Widgie Nickel was 0.01. The lowest was 0.00. And the median was 0.01.

ASX:WIN's Debt-to-Equity is ranked better than
99.92% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:WIN: 0.01

Widgie Nickel Debt-to-Equity Historical Data

The historical data trend for Widgie Nickel'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.

Widgie Nickel Debt-to-Equity Chart

Widgie Nickel Annual Data

Trend

Jun23

Debt-to-Equity

0.01

Widgie Nickel Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
Debt-to-Equity	-	-	0.01	0.01	0.01

Competitive Comparison of Widgie Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Widgie Nickel'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.

Widgie Nickel's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Widgie Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Widgie Nickel'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
	=	(0.167	+	0.111)	/	42.905
	=	0.01

Widgie Nickel'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
	=	(0.161	+	0.037)	/	41.919
	=	0.00

Widgie Nickel (ASX:WIN) 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.

Widgie Nickel Debt-to-Equity Related Terms

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

Widgie Nickel (ASX:WIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Widgie Nickel Ltd (ASX:WIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WDGNF:USA

Address

220 St Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.widgienickel.com.au

Widgie Nickel Ltd is a nickel exploration and development company. Its projects include Widgie South, Widgie North, Widgie West, and Lake Eaton-Mt Eaton. The company operates in given segments comprised of exploration and development activities over the Mt Edwards Project. It operates in a single geographical area which is Australia.

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