Amaroq Minerals (Amaroq Minerals) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is Amaroq Minerals Debt-to-Equity?

Amaroq Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $30.78 Mil. Amaroq Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.50 Mil. Amaroq Minerals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $96.25 Mil. Amaroq Minerals's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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 Amaroq Minerals's Debt-to-Equity or its related term are showing as below:

AMRQF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.52 Med: 0.02 Max: 0.57
Current: 0.33

During the past 8 years, the highest Debt-to-Equity Ratio of Amaroq Minerals was 0.57. The lowest was -1.52. And the median was 0.02.

AMRQF's Debt-to-Equity is ranked worse than
67.46% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs AMRQF: 0.33

Amaroq Minerals Debt-to-Equity Historical Data

The historical data trend for Amaroq Minerals'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.

Amaroq Minerals Debt-to-Equity Chart

Amaroq Minerals Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

0.01

0.57

Amaroq Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.39	0.57	0.33

Competitive Comparison of Amaroq Minerals's Debt-to-Equity

For the Gold subindustry, Amaroq Minerals'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.

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

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

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

Amaroq Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Amaroq Minerals'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
	=	(26.702	+	0.43)	/	47.912
	=	0.57

Amaroq Minerals's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(30.78	+	0.504)	/	96.25
	=	0.33

Amaroq Minerals (OTCPK:AMRQF) 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.

Amaroq Minerals Debt-to-Equity Related Terms

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Amaroq Minerals (Amaroq Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amaroq Minerals Ltd (OTCPK:AMRQF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AMRQ:Iceland AMRQ:UK 72Q:Germany AMRQ:Canada

Address

3400 One First Canadian Place, PO Box 130, Toronto, ON, CAN, M5X 1A4

Website

https://www.amaroqminerals.com

Amaroq Minerals Ltd Is an exploration company with a focus on locating high-grade gold deposits in Greenland. The company owns seven licenses in South Greenland covering an area of 4,090 km, which are highly prospective for gold and other strategic minerals.