Yandal Resources (ASX:YRL) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Yandal Resources Debt-to-Equity?

Yandal Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Yandal Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.01 Mil. Yandal Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$5.72 Mil. Yandal Resources'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 Yandal Resources's Debt-to-Equity or its related term are showing as below:

ASX:YRL's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Yandal Resources Debt-to-Equity Historical Data

The historical data trend for Yandal Resources'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.

Yandal Resources Debt-to-Equity Chart

Yandal Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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Yandal Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	0.01	-

Competitive Comparison of Yandal Resources's Debt-to-Equity

For the Gold subindustry, Yandal Resources'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.

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

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

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

Yandal Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yandal Resources'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
	=	(0.02	+	0)	/	5.106
	=	0.00

Yandal Resources'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
	=	(0.025	+	0.007)	/	5.722
	=	0.01

Yandal Resources (ASX:YRL) 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.

Yandal Resources Debt-to-Equity Related Terms

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Yandal Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

5/62 Ord Street, West Perth, West Perth, WA, AUS, 6005

Website

https://www.yandalresources.com.au

Yandal Resources Ltd is a gold exploration company focused on a portfolio of gold projects in the Yandal Greenstone Belt of Western Australia. Its projects include Ironstone Well and Barwidgee gold projects, Mt McClure gold project, and Gordans gold project in Western Australia.

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