American Creek Resources (TSXV:AMK) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is American Creek Resources Debt-to-Equity?

American Creek Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.20 Mil. American Creek Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. American Creek Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$6.73 Mil. American Creek Resources's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 American Creek Resources's Debt-to-Equity or its related term are showing as below:

TSXV:AMK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.04
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of American Creek Resources was 0.04. The lowest was 0.00. And the median was 0.02.

TSXV:AMK's Debt-to-Equity is ranked better than
76.01% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:AMK: 0.03

American Creek Resources Debt-to-Equity Historical Data

The historical data trend for American Creek 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.

American Creek Resources Debt-to-Equity Chart

American Creek Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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American Creek Resources 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															-	-	-	-	0.03

Competitive Comparison of American Creek Resources's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, American Creek 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.

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

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

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

American Creek Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

American Creek Resources'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
	=	(0	+	0)	/	6.935
	=	0.00

American Creek Resources'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
	=	(0.2	+	0)	/	6.731
	=	0.03

American Creek Resources (TSXV:AMK) 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.

American Creek Resources Debt-to-Equity Related Terms

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American Creek Resources (TSXV:AMK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Creek Resources Ltd (TSXV:AMK) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ACKRF:USA

Address

92 - 2nd Avenue West, P.O. Box 70, Cardston, AB, CAN, T0K 0K0

Website

https://www.americancreek.com

American Creek Resources Ltd is engaged in the exploration and development of mineral resource properties. The company holds interests in properties located in the regions of British Columbia, Canada. Its projects include the Treaty Creek project, Gold hill, Dunwell, Ample Goldmax property and others. It has one reportable operating segment, which is the exploration and development of exploration and evaluation assets in Canada.

Executives

Robert Nathan Edwards

Senior Officer