Macarthur Minerals (FRA:MMLA) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Macarthur Minerals Debt-to-Equity?

Macarthur Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.66 Mil. Macarthur Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.01 Mil. Macarthur Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €47.78 Mil. Macarthur Minerals'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 Macarthur Minerals's Debt-to-Equity or its related term are showing as below:

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

During the past 13 years, the highest Debt-to-Equity Ratio of Macarthur Minerals was 0.15. The lowest was 0.00. And the median was 0.01.

FRA:MMLA's Debt-to-Equity is ranked better than
99.92% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:MMLA: 0.01

Macarthur Minerals Debt-to-Equity Historical Data

The historical data trend for Macarthur Minerals'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.

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Macarthur Minerals Debt-to-Equity Chart

Macarthur Minerals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.14

0.01

Macarthur Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	0.01	0.01

Competitive Comparison of Macarthur Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Macarthur Minerals'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.

Macarthur Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Macarthur Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Macarthur Minerals's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.048	+	0.046)	/	49.927
	=	0.00

Macarthur Minerals'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
	=	(0.66	+	0.011)	/	47.783
	=	0.01

Macarthur Minerals (FRA:MMLA) 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.

Macarthur Minerals Debt-to-Equity Related Terms

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Macarthur Minerals (FRA:MMLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Macarthur Minerals Ltd (FRA:MMLA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MMSLF:USA MMS:Canada MIO:Australia

Address

Building 1, 40 McDougall Street, Suite 1G, Kings Row Office Park, Milton, QLD, AUS, 4064

Website

https://www.macarthurminerals.com

Macarthur Minerals Ltd is an exploration and development company. The company is focused on identifying gold, nickel and developing high-grade lithium, as well as countercyclical investments with lithium exploration interests in Australia and Nevada. In addition, the group has three Iron Ore projects Yilgarn region of Western Australia; the Ularring hematite project, the Moonshine magnetite project, and the Treppo Grande project. The other projects of the company include Tambourah Lithium; Hillside Gold; Panorama Gold; Bonnie Scot Gold; and Reynolds Springs Lithium.

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