Silver Bullet Mines (TSXV:SBMI) Debt-to-Equity : 1.69 (As of Dec. 2023)

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What is Silver Bullet Mines Debt-to-Equity?

Silver Bullet Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.26 Mil. Silver Bullet Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.16 Mil. Silver Bullet Mines's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.84 Mil. Silver Bullet Mines's debt to equity for the quarter that ended in Dec. 2023 was 1.69.

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 Silver Bullet Mines's Debt-to-Equity or its related term are showing as below:

TSXV:SBMI' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.19 Med: 0.32 Max: 1.69
Current: 1.69

During the past 4 years, the highest Debt-to-Equity Ratio of Silver Bullet Mines was 1.69. The lowest was -1.19. And the median was 0.32.

TSXV:SBMI's Debt-to-Equity is ranked worse than
94% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:SBMI: 1.69

Silver Bullet Mines Debt-to-Equity Historical Data

The historical data trend for Silver Bullet Mines'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.

Silver Bullet Mines Debt-to-Equity Chart

Silver Bullet Mines Annual Data

Trend

Nov20

Jun21

Jun22

Jun23

Debt-to-Equity

-1.19

0.05

0.09

0.96

Silver Bullet Mines Quarterly Data
	Nov20	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.32	0.44	0.96	1.23	1.69

Competitive Comparison of Silver Bullet Mines's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Silver Bullet Mines'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.

Silver Bullet Mines's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver Bullet Mines's Debt-to-Equity falls into.

Silver Bullet Mines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Silver Bullet Mines's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1.21	+	0)	/	1.265
	=	0.96

Silver Bullet Mines'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
	=	(1.255	+	0.159)	/	0.837
	=	1.69

Silver Bullet Mines (TSXV:SBMI) 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.

Silver Bullet Mines Debt-to-Equity Related Terms

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

Silver Bullet Mines (TSXV:SBMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Bullet Mines Corp (TSXV:SBMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SBMCF:USA

Address

3310 South Service Road, Suite 200, Burlington, ON, CAN, L7N 3M6

Website

https://www.silverbulletmines.com

Silver Bullet Mines Corp is engaged in the acquisition, exploration, development, and extraction of natural resources, specifically precious metals in Arizona, Idaho, and Nevada. The Company has exploration and evaluation properties located in two geographical areas, Canada and the United States of America. The projects of the company are Buckeye, McMorris, and Silver Sevens Mines, Arizona; Lone Mountain and Ophir Canyon Projects -Nevada -Gold; Washington Silver and Gold Mine, Idaho and Black Copper and Richmond (Richman) Basin Deposits -Arizona -Copper.

Executives

John Carter

10% Security Holder, Director, Senior Officer

Silver Bullet Mines (TSXV:SBMI) Headlines

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