Kobo Resources (TSXV:KRI) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Kobo Resources Debt-to-Equity?

Kobo Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Kobo Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Kobo Resources's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$2.13 Mil. Kobo Resources's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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

TSXV:KRI' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.06 Med: 0.48 Max: 1.57
Current: 0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Kobo Resources was 1.57. The lowest was -0.06. And the median was 0.48.

TSXV:KRI's Debt-to-Equity is ranked better than
82.92% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:KRI: 0.02

Kobo Resources Debt-to-Equity Historical Data

The historical data trend for Kobo Resources'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.

Kobo Resources Debt-to-Equity Chart

Kobo Resources Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

1.57

0.95

-0.06

Kobo Resources Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial				N/A	-0.06	0.01	-	-

Competitive Comparison of Kobo Resources's Debt-to-Equity

For the Gold subindustry, Kobo Resources'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.

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

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

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

Kobo Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kobo Resources'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	+	0.044)	/	-0.732
	=	-0.06

Kobo Resources'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	+	0)	/	2.129
	=	0.00

Kobo Resources (TSXV:KRI) 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.

Kobo Resources Debt-to-Equity Related Terms

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

Kobo Resources (TSXV:KRI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Grande-Allee East, Suite 101, Quebec, QC, CAN, G1R 2J4

Website

https://www.koboresources.com

Kobo Resources Inc is an exploration and mining development company focused on acquiring, exploring and developing gold property assets located in West Africa and primarily in Cote d'Ivoire.

Executives

Patrick Gagnon

Director

Kobo Resources (TSXV:KRI) Headlines

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