Oceanic Iron Ore (TSXV:FEO) Debt-to-Equity : 0.09 (As of Dec. 2023)

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What is Oceanic Iron Ore Debt-to-Equity?

Oceanic Iron Ore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.09 Mil. Oceanic Iron Ore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.36 Mil. Oceanic Iron Ore's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$39.83 Mil. Oceanic Iron Ore's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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 Oceanic Iron Ore's Debt-to-Equity or its related term are showing as below:

TSXV:FEO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.15
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Oceanic Iron Ore was 0.15. The lowest was 0.03. And the median was 0.06.

TSXV:FEO's Debt-to-Equity is ranked better than
56.77% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:FEO: 0.09

Oceanic Iron Ore Debt-to-Equity Historical Data

The historical data trend for Oceanic Iron Ore'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.

Oceanic Iron Ore Debt-to-Equity Chart

Oceanic Iron Ore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.15

0.08

0.12

0.09

Oceanic Iron Ore 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															0.12	0.14	0.11	0.09	0.09

Competitive Comparison of Oceanic Iron Ore's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Oceanic Iron Ore'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.

Oceanic Iron Ore's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Oceanic Iron Ore Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oceanic Iron Ore'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
	=	(0.093	+	3.357)	/	39.831
	=	0.09

Oceanic Iron Ore'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
	=	(0.093	+	3.357)	/	39.831
	=	0.09

Oceanic Iron Ore (TSXV:FEO) 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.

Oceanic Iron Ore Debt-to-Equity Related Terms

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

Oceanic Iron Ore (TSXV:FEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oceanic Iron Ore Corp (TSXV:FEO) » Definitions » Debt-to-Equity

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FEOVF:USA

Address

595 Burrard Street, Suite 3083, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

https://www.oceanicironore.com

Oceanic Iron Ore Corp is an exploration-stage company. It is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The company focuses on the operations of the Ungava Bay iron property in Nunavik, Quebec which consists of three project areas: Hopes Advance, Morgan Lake, and Roberts Lake.

Executives