Western Metallica Resources (TSXV:WMS) Debt-to-Equity : 0.00 (As of Mar. 2022)

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What is Western Metallica Resources Debt-to-Equity?

Western Metallica Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was C$0.00 Mil. Western Metallica Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was C$0.00 Mil. Western Metallica Resources's Total Stockholders Equity for the quarter that ended in Mar. 2022 was C$-0.26 Mil. Western Metallica Resources's debt to equity for the quarter that ended in Mar. 2022 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 Western Metallica Resources's Debt-to-Equity or its related term are showing as below:

TSXV:WMS's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Western Metallica Resources Debt-to-Equity Historical Data

The historical data trend for Western Metallica 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.

Western Metallica Resources Debt-to-Equity Chart

Western Metallica Resources Annual Data

Trend

Dec19

Dec20

Dec21

Debt-to-Equity

Western Metallica Resources Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22
Debt-to-Equity	Get a 7-Day Free Trial			-	N/A	-	-	-

Competitive Comparison of Western Metallica Resources's Debt-to-Equity

For the Gold subindustry, Western Metallica 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.

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

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

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

Western Metallica Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Metallica Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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)	/	-0.093
	=	0.00

Western Metallica Resources's Debt to Equity Ratio for the quarter that ended in Mar. 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)	/	-0.262
	=	0.00

Western Metallica Resources (TSXV:WMS) 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.

Western Metallica Resources Debt-to-Equity Related Terms

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Western Metallica Resources (TSXV:WMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Metallica Resources Corp (TSXV:WMS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

93 Ridley Boulevard, Toronto, ON, CAN, M5M 3L6

Website

https://www.westernmetallicacorp.com

Western Metallica Resources Corp is engaged in the acquisition, exploration, and development of mineral properties in Spain. The company's projects include Penedela, Valledor and Sierra Alta, and Nueva Celti.

Executives

Peter Marcel Imhof

Director, Senior Officer