Fort St James Nickel (TSXV:FTJ) Debt-to-Equity : -0.11 (As of Jan. 2024)

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What is Fort St James Nickel Debt-to-Equity?

Fort St James Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.16 Mil. Fort St James Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Fort St James Nickel's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-1.48 Mil. Fort St James Nickel's debt to equity for the quarter that ended in Jan. 2024 was -0.11.

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 Fort St James Nickel's Debt-to-Equity or its related term are showing as below:

TSXV:FTJ' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.89 Med: -0.15 Max: 0.67
Current: -0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Fort St James Nickel was 0.67. The lowest was -3.89. And the median was -0.15.

TSXV:FTJ's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:FTJ: -0.11

Fort St James Nickel Debt-to-Equity Historical Data

The historical data trend for Fort St James Nickel'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.

Fort St James Nickel Debt-to-Equity Chart

Fort St James Nickel Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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-0.14

-0.47

-0.62

-0.17

-0.16

Fort St James Nickel Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-0.18	-0.16	-0.15	-0.12	-0.11

Competitive Comparison of Fort St James Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Fort St James Nickel'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.

Fort St James Nickel's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Fort St James Nickel's Debt-to-Equity falls into.

Fort St James Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fort St James Nickel's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(0.207	+	0)	/	-1.309
	=	-0.16

Fort St James Nickel's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.158	+	0)	/	-1.482
	=	-0.11

Fort St James Nickel (TSXV:FTJ) 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.

Fort St James Nickel Debt-to-Equity Related Terms

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Fort St James Nickel (TSXV:FTJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fort St James Nickel Corp (TSXV:FTJ) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

WL3P:Germany

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.ftjminerals.com

Fort St James Nickel Corp is a Canadian-based mineral exploration company. It is engaged in the acquisition, evaluation, and exploration of mineral properties in North America. The company's properties include the Kilometer Property in British Columbia the Porcupine Property and Nepisiguit Property in New Brunswick.

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