Sky Metals (ASX:SKY) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Sky Metals Debt-to-Equity?

Sky Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.06 Mil. Sky Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.33 Mil. Sky Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$13.81 Mil. Sky Metals's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 Sky Metals's Debt-to-Equity or its related term are showing as below:

ASX:SKY' s Debt-to-Equity Range Over the Past 10 Years
Min: -65.56 Med: 0 Max: 7.27
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Sky Metals was 7.27. The lowest was -65.56. And the median was 0.00.

ASX:SKY's Debt-to-Equity is ranked better than
82.92% of 1282 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:SKY: 0.02

Sky Metals Debt-to-Equity Historical Data

The historical data trend for Sky Metals'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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Sky Metals Debt-to-Equity Chart

Sky Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.01

0.03

0.02

Sky Metals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.02	0.03	0.03	0.02

Competitive Comparison of Sky Metals's Debt-to-Equity

For the Gold subindustry, Sky Metals'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.

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

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

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

Sky Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sky Metals's Debt to Equity Ratio for the fiscal year 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
	=	(0.065	+	0.288)	/	17.142
	=	0.02

Sky Metals'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
	=	(0.06	+	0.327)	/	13.808
	=	0.03

Sky Metals (ASX:SKY) 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.

Sky Metals Debt-to-Equity Related Terms

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

Sky Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Hawthorn Place, P.O. Box 8620, Orange, NSW, AUS, 2800

Website

https://www.skymetals.com.au

Sky Metals Ltd is engaged in identifying and evaluating mineral exploration for tin, copper, and gold in New South Wales. The group operates in a single segment is the exploration. The company's projects include the Tallebung Project, Caledonian Project, Iron Duke Copper-Gold Project, Tirrana Project, New England Project, Galwadgere copper-gold Deposit, Doradilla Project, Kangiara Project, and Cullarin Project.