Etruscus Resources (FRA:ERR) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Etruscus Resources Debt-to-Equity?

Etruscus Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.01 Mil. Etruscus Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.01 Mil. Etruscus Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €3.59 Mil. Etruscus 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 Etruscus Resources's Debt-to-Equity or its related term are showing as below:

FRA:ERR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.04
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Etruscus Resources was 0.04. The lowest was 0.00. And the median was 0.01.

FRA:ERR's Debt-to-Equity is ranked better than
99.92% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:ERR: 0.01

Etruscus Resources Debt-to-Equity Historical Data

The historical data trend for Etruscus 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.

Etruscus Resources Debt-to-Equity Chart

Etruscus Resources Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.03

0.01

Etruscus Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

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

For the Other Industrial Metals & Mining subindustry, Etruscus 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.

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

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

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

Etruscus Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Etruscus Resources's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.012	+	0.017)	/	3.229
	=	0.01

Etruscus 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
	=	(0.013	+	0.007)	/	3.59
	=	0.01

Etruscus Resources (FRA:ERR) 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.

Etruscus Resources Debt-to-Equity Related Terms

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Etruscus Resources (FRA:ERR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Etruscus Resources Corp (FRA:ERR) » Definitions » Debt-to-Equity

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ETRUF:USA ETR:Canada

Address

850 West Hastings Street, Suite 604, Vancouver, BC, CAN, V6C 1E1

Website

https://www.etruscusresources.com

Etruscus Resources Corp is engaged in identifying, evaluating, acquiring, and exploring mineral properties. The Rock and Roll Property covers approximately 21,955 hectares in the Iskut River Valley of Northwestern British Columbia, 150 Km north of the ocean port at Stewart. Its sugar property covers approximately 4,508 hectares to the east of the Stikine River Valley of Northwestern British Columbia, 165 km north of the ocean port at Stewart. The areas include metals like gold, silver, and copper.

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