AIC Mines (AIC Mines) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is AIC Mines Debt-to-Equity?

AIC Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.8 Mil. AIC Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.3 Mil. AIC Mines's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $105.7 Mil. AIC Mines'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 AIC Mines's Debt-to-Equity or its related term are showing as below:

IAUFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.05
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of AIC Mines was 0.05. The lowest was 0.00. And the median was 0.02.

IAUFF's Debt-to-Equity is ranked better than
66.59% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs IAUFF: 0.05

AIC Mines Debt-to-Equity Historical Data

The historical data trend for AIC Mines'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.

AIC Mines Debt-to-Equity Chart

AIC Mines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Jun23

Debt-to-Equity

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0.02

AIC Mines 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															-	-	-	0.02	0.05

Competitive Comparison of AIC Mines's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, AIC Mines'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.

AIC Mines's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

AIC Mines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AIC Mines'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
	=	(0.73	+	1.171)	/	103.55
	=	0.02

AIC Mines'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
	=	(1.833	+	3.273)	/	105.682
	=	0.05

AIC Mines (OTCPK:IAUFF) 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.

AIC Mines Debt-to-Equity Related Terms

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AIC Mines (AIC Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AIC Mines Ltd (OTCPK:IAUFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HLS:Germany A1M:Australia

Address

130 Hay Street, Suite 3, Subiaco, Perth, WA, AUS, 6008

Website

https://www.aicmines.com.au

AIC Mines Ltd is engaged in an exploration of gold and copper deposits. It holds an interest in the Marymia Project and Lamil Project. The company operates in one geographical area being Australia and one industry, being Exploration.