Amaroq Minerals (TSXV:AMRQ) Debt-to-Equity : 0.57 (As of Dec. 2023)

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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 Dec. 2023 was C$35.82 Mil. Amaroq Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.58 Mil. Amaroq Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$64.28 Mil. Amaroq Minerals's debt to equity for the quarter that ended in Dec. 2023 was 0.57.

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:

TSXV:AMRQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.57
Current: 0.57

During the past 8 years, the highest Debt-to-Equity Ratio of Amaroq Minerals was 0.57. The lowest was 0.01. And the median was 0.02.

TSXV:AMRQ's Debt-to-Equity is ranked worse than
77.31% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:AMRQ: 0.57

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
	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	0.39	0.57

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
	=	(35.823	+	0.577)	/	64.279
	=	0.57

Amaroq Minerals'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
	=	(35.823	+	0.577)	/	64.279
	=	0.57

Amaroq Minerals (TSXV:AMRQ) 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

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

Amaroq Minerals (TSXV:AMRQ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AMRQ:Iceland AMRQ:UK 72Q:Germany

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.

Executives

Eldur Olafsson

Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Amaroq Minerals (TSXV:AMRQ) Headlines

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