EV Nickel (EV Nickel) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is EV Nickel Debt-to-Equity?

EV Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. EV Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. EV Nickel's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $3.94 Mil. EV Nickel's debt to equity for the quarter that ended in Mar. 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 EV Nickel's Debt-to-Equity or its related term are showing as below:

During the past 3 years, the highest Debt-to-Equity Ratio of EV Nickel was 0.02. The lowest was -0.01. And the median was 0.01.

EVNIF'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.

EV Nickel Debt-to-Equity Historical Data

The historical data trend for EV Nickel'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.

EV Nickel Debt-to-Equity Chart

EV Nickel Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.01

-0.01

EV Nickel Quarterly Data
	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	-	-	-

Competitive Comparison of EV Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, EV Nickel'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.

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

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

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

EV Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EV Nickel's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.003	+	0)	/	-0.478
	=	-0.01

EV Nickel'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
	=	(0	+	0)	/	3.935
	=	0.00

EV Nickel (OTCPK:EVNIF) 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.

EV Nickel Debt-to-Equity Related Terms

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

EV Nickel (EV Nickel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EV Nickel Inc (OTCPK:EVNIF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JR1:Germany EVNI:Canada

Address

150 King Street W, Suite 200, Toronto, ON, CAN, M5H 1J9

Website

https://www.evnickel.com

EV Nickel Inc is a Canadian nickel exploration company. Its mission is to accelerate the transition to clean energy, focused on the Shaw Dome Project, south of Timmins, Ontario. EVNi has over 30,000 hectares to explore across the Shaw Dome and has identified more than 100 km of additional favourable strike length. The Shaw Dome includes the High-Grade W4 Deposit- with a Resource which defined 2.0M tonnes 0.98% Ni for 43.3M lbs of Class 1 Nickel across Measured, Indicated and Inferred and the Large-Scale CarLang Area with more than 10km of mineralization and where the first 20 percent contains the A Zone- with a Resource which defined 1.0B tonnes 0.24% Ni for 5.3B lbs of Class 1 Nickel across Indicated and Inferred.