Resouro Strategic Metals (TSXV:RSM) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Resouro Strategic Metals Debt-to-Equity?

Resouro Strategic Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil. Resouro Strategic Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Resouro Strategic Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$3.29 Mil. Resouro Strategic Metals'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 Resouro Strategic Metals's Debt-to-Equity or its related term are showing as below:

TSXV:RSM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 1.26
Current: 0.01

During the past 2 years, the highest Debt-to-Equity Ratio of Resouro Strategic Metals was 1.26. The lowest was 0.01. And the median was 0.06.

TSXV:RSM's Debt-to-Equity is ranked better than
99.92% of 1308 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:RSM: 0.01

Resouro Strategic Metals Debt-to-Equity Historical Data

The historical data trend for Resouro Strategic 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.

Resouro Strategic Metals Debt-to-Equity Chart

Resouro Strategic Metals Annual Data

Trend

Mar22

Mar23

Debt-to-Equity

2.10

Resouro Strategic Metals Quarterly Data
	Jun21	Sep21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				N/A	-	1.26	0.06	0.01

Competitive Comparison of Resouro Strategic Metals's Debt-to-Equity

For the Gold subindustry, Resouro Strategic 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.

Resouro Strategic Metals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Resouro Strategic Metals's Debt-to-Equity falls into.

Resouro Strategic Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Resouro Strategic Metals'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	+	0)	/	0.052
	=	0.00

Resouro Strategic 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
	=	(0.042	+	0)	/	3.289
	=	0.01

Resouro Strategic Metals (TSXV:RSM) 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.

Resouro Strategic Metals Debt-to-Equity Related Terms

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

Resouro Strategic Metals (TSXV:RSM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resouro Strategic Metals Inc (TSXV:RSM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RSGOF:USA

Address

401 Bay Street, Suite 2704, Toronto, ON, CAN, M5H 2Y4

Website

https://www.resouro.com

Resouro Strategic Metals Inc is engaged in the exploration and development of gold. The company is focused on the discovery and advancement of economic mineral projects in Brazil, including the Novo Mundo Gold Project in Mato Grosso and the Tiros Titanium-REE Project in Minas Gerais.

Resouro Strategic Metals (TSXV:RSM) Headlines

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