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Aspire Mining Limited engages in the development of coking coal project in Australia and Mongolia. The company holds 100% interest in the Ovoot Coking Coal Project with one mining license located in t...
The following section summarizes insights on Aspire Mining Ltd's Debt / Common Equity:
We've identified the following companies as similar to Aspire Mining Ltd because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Debt / Common Equity in the risk category include:
A ratio that measures the level of the debt relative to the book value of common equity.
Debt / Equity is defined as:
Total Debt
(/) Total Common Equity
(=) Debt / Equity
Debt / Equity for Aspire Mining is calculated as follows:
Total Debt [ zero]
(/) Total Common Equity [ NA ]
(=) Debt / Equity [ 0.0% ]
The tables below summarizes the trend in Aspire Mining’s Debt / Equity over the last five years:
| Fiscal Year | Total Debt | Total Common Equity | Debt / Equity |
|---|---|---|---|
| 2020-06-30 | 70.492 T | 78.741 M | 0.1% |
| 2021-06-30 | 53.489 T | 70.342 M | 0.1% |
| 2022-06-30 | zero | NA | 0.0% |
| 2023-12-31 | zero | NA | 0.0% |
| 2024-12-31 | zero | NA | 0.0% |
The tables below summarizes the trend in Aspire Mining’s Debt / Equity over the last four quarters:
| Fiscal Quarter | Total Debt | Total Common Equity | Debt / Equity |
|---|---|---|---|
| 2024-03-31 | zero | NA | 0.0% |
| 2024-06-30 | zero | NA | 0.0% |
| 2024-09-30 | zero | NA | 0.0% |
| 2024-12-31 | zero | NA | 0.0% |
The higher the ratio, the more debt the company has in its capital structure.
Read More on HBR: Debt / Equity Ratio
The chart above depicts the distribution of debt / common equity for companies operating in the Materials sector in the Developed economic region. Over 3,050 companies were considered in this analysis, and 2,935 had meaningful values. The average debt / common equity of companies in the sector is 18.4% with a standard deviation of 48.7%.
Aspire Mining Ltd's Debt / Common Equity of 0.0% ranks in the 35.0% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,057 |
| Included Constituents | 2,935 |
| Min | -142.8% |
| Max | 302.3% |
| Median | 0.7% |
| Mean | 18.4% |
| Standard Deviation | 48.7% |
You can find companies with similar debt / common equity using this stock screener.