Omineca Mining and Metals (TSXV:OMM) Debt-to-Equity : 1.57 (As of Dec. 2023)

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What is Omineca Mining and Metals Debt-to-Equity?

Omineca Mining and Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Omineca Mining and Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$9.99 Mil. Omineca Mining and Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$6.37 Mil. Omineca Mining and Metals's debt to equity for the quarter that ended in Dec. 2023 was 1.57.

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 Omineca Mining and Metals's Debt-to-Equity or its related term are showing as below:

TSXV:OMM' s Debt-to-Equity Range Over the Past 10 Years
Min: -11.2 Med: 1.69 Max: 28.36
Current: 1.57

During the past 13 years, the highest Debt-to-Equity Ratio of Omineca Mining and Metals was 28.36. The lowest was -11.20. And the median was 1.69.

TSXV:OMM's Debt-to-Equity is ranked worse than
93% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:OMM: 1.57

Omineca Mining and Metals Debt-to-Equity Historical Data

The historical data trend for Omineca Mining and Metals'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.

Omineca Mining and Metals Debt-to-Equity Chart

Omineca Mining and Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-5.51

2.02

1.36

1.81

1.57

Omineca Mining and Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.86	1.81	1.26	1.46	1.57

Competitive Comparison of Omineca Mining and Metals's Debt-to-Equity

For the Gold subindustry, Omineca Mining and Metals'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.

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

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

* The bar in red indicates where Omineca Mining and Metals's Debt-to-Equity falls into.

Omineca Mining and Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Omineca Mining and Metals'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	+	9.985)	/	6.371
	=	1.57

Omineca Mining and Metals'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	+	9.985)	/	6.371
	=	1.57

Omineca Mining and Metals (TSXV:OMM) 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.

Omineca Mining and Metals Debt-to-Equity Related Terms

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Omineca Mining and Metals (TSXV:OMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omineca Mining and Metals Ltd (TSXV:OMM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OMMSF:USA

Address

224-4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.ominecaminingandmetals.com

Omineca Mining and Metals Ltd is a junior gold company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. Its exploration and evaluation properties are classified into two geographical locations, namely British Columbia and the Yukon. The company's properties include the Fraser Canyon, Mouse Mountain, Wingdam and others.

Executives

Tom Macneill

Director, Director or Senior Officer of 10% Security Holder

Omineca Mining and Metals (TSXV:OMM) Headlines

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