AXMIN (TSXV:AXM) Debt-to-Equity : -0.10 (As of Sep. 2023)

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What is AXMIN Debt-to-Equity?

AXMIN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.06 Mil. AXMIN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.05 Mil. AXMIN's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-1.13 Mil. AXMIN's debt to equity for the quarter that ended in Sep. 2023 was -0.10.

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

TSXV:AXM' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.69 Med: -0.09 Max: 16.89
Current: -0.1

During the past 13 years, the highest Debt-to-Equity Ratio of AXMIN was 16.89. The lowest was -0.69. And the median was -0.09.

TSXV:AXM's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:AXM: -0.10

AXMIN Debt-to-Equity Historical Data

The historical data trend for AXMIN'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.

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AXMIN Debt-to-Equity Chart

AXMIN Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.14

0.45

-0.43

-0.18

AXMIN Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.26	-0.18	-0.15	-0.11	-0.10

Competitive Comparison of AXMIN's Debt-to-Equity

For the Gold subindustry, AXMIN'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.

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

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

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

AXMIN Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AXMIN's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.062	+	0.065)	/	-0.709
	=	-0.18

AXMIN's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.064	+	0.045)	/	-1.13
	=	-0.10

AXMIN (TSXV:AXM) 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.

AXMIN Debt-to-Equity Related Terms

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

AXMIN (TSXV:AXM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AXMIN Inc (TSXV:AXM) » Definitions » Debt-to-Equity

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AXMIF:USA

Address

1111 Alberni Street, Suite 2209, Vancouver, BC, CAN, V6E 4V2

Website

http://www.axmininc.com

AXMIN Inc a development stage exploration company. It is engaged in the exploration of mineral properties in Central, East, and West Africa. The company explores gold. Its projects include the Passendro gold project, which is situated on a portion of the Bambari property in the Central African Republic; and the Senegal project located in the Birimian belt of eastern Senegal. It has one reportable operating segment being Mineral Exploration and Development.

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