First Helium (TSXV:HELI) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is First Helium Debt-to-Equity?

First Helium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.08 Mil. First Helium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. First Helium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$14.18 Mil. First Helium's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

TSXV:HELI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 1.59
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of First Helium was 1.59. The lowest was 0.01. And the median was 0.01.

TSXV:HELI's Debt-to-Equity is ranked better than
99.93% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs TSXV:HELI: 0.01

First Helium Debt-to-Equity Historical Data

The historical data trend for First Helium'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.

First Helium Debt-to-Equity Chart

First Helium Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

1.59

0.21

0.01

First Helium Quarterly Data
	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	0.01	0.01

Competitive Comparison of First Helium's Debt-to-Equity

For the Chemicals subindustry, First Helium'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.

First Helium's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, First Helium's Debt-to-Equity distribution charts can be found below:

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

First Helium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Helium's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.08	+	0.061)	/	14.281
	=	0.01

First Helium'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
	=	(0.082	+	0)	/	14.184
	=	0.01

First Helium (TSXV:HELI) 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.

First Helium Debt-to-Equity Related Terms

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

First Helium (TSXV:HELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » First Helium Inc (TSXV:HELI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FHELF:USA 2MC:Germany

Address

800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6

Website

https://www.firsthelium.com

First Helium Inc is a Canadian company. The business is engaged in acquiring, exploring, evaluating, and developing helium property interests in Alberta. The company also produces Petroleum and natural gas as part of its operations. Its project includes the Worsley project and the Lethbridge project.

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