Legend Mining (ASX:LEG) Debt-to-Equity : 0.01 (As of Jun. 2024)

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What is Legend Mining Debt-to-Equity?

Legend Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.06 Mil. Legend Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.17 Mil. Legend Mining's Total Stockholders Equity for the quarter that ended in Jun. 2024 was A$49.26 Mil. Legend Mining's debt to equity for the quarter that ended in Jun. 2024 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 Legend Mining's Debt-to-Equity or its related term are showing as below:

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

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

ASX:LEG's Debt-to-Equity is ranked better than
99.92% of 1283 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:LEG: 0.01

Legend Mining Debt-to-Equity Historical Data

The historical data trend for Legend Mining'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.

Legend Mining Debt-to-Equity Chart

Legend Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

Debt-to-Equity

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Legend Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	0.01

Competitive Comparison of Legend Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Legend Mining'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.

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

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

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

Legend Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Legend Mining's Debt to Equity Ratio for the fiscal year 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
	=	(0.092	+	0.018)	/	53.942
	=	0.00

Legend Mining's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(0.061	+	0.165)	/	49.256
	=	0.00

Legend Mining (ASX:LEG) 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.

Legend Mining Debt-to-Equity Related Terms

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Legend Mining Business Description

Industry

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

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Address

8 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.legendmining.com.au

Legend Mining Ltd is a mineral exploration company. The Company is engaged in exploration for nickel and copper deposits in Australia. Its project Fraser Range- Rockford Project is located in the prospective Fraser Range district of Western Australia. The group has one reportable operating segment, being exploration and evaluation activities in Australia.