Black Cat Syndicate (ASX:BC8) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Black Cat Syndicate Debt-to-Equity?

Black Cat Syndicate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5.62 Mil. Black Cat Syndicate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$12.36 Mil. Black Cat Syndicate's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$99.93 Mil. Black Cat Syndicate's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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 Black Cat Syndicate's Debt-to-Equity or its related term are showing as below:

ASX:BC8' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.18
Current: 0.08

During the past 7 years, the highest Debt-to-Equity Ratio of Black Cat Syndicate was 0.18. The lowest was 0.00. And the median was 0.00.

ASX:BC8's Debt-to-Equity is ranked better than
58.74% of 1282 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:BC8: 0.08

Black Cat Syndicate Debt-to-Equity Historical Data

The historical data trend for Black Cat Syndicate'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.

Black Cat Syndicate Debt-to-Equity Chart

Black Cat Syndicate Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.05

0.08

Black Cat Syndicate Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial								-	-	0.05	0.18	0.08

Competitive Comparison of Black Cat Syndicate's Debt-to-Equity

For the Gold subindustry, Black Cat Syndicate'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.

Black Cat Syndicate's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Black Cat Syndicate's Debt-to-Equity falls into.

Black Cat Syndicate Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Black Cat Syndicate'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	+	5)	/	93.475
	=	0.05

Black Cat Syndicate'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
	=	(5.615	+	12.361)	/	99.931
	=	0.18

Black Cat Syndicate (ASX:BC8) 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.

Black Cat Syndicate Debt-to-Equity Related Terms

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Black Cat Syndicate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Black Cat Syndicate Ltd (ASX:BC8) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

52 Kings Park Road, Level 3, West Perth, Perth, WA, AUS, 6005

Website

https://www.blackcatsyndicate.com.au

Black Cat Syndicate Ltd is a mining company. It focuses on the exploration and development of the goldfield project. The company is engaged in the exploration and development of the Bulong Gold Field project located to the east of Kalgoorlie. The company has one reportable segment being mineral exploration. The company's project includes Kal East Gold project, Coyote Gold Operation, Paulsens Gold Operation.

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