Xplore Resources (TSXV:XPLR) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Xplore Resources Debt-to-Equity?

Xplore Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil. Xplore Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Xplore Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.40 Mil. Xplore Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

TSXV:XPLR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.03 Max: 0.03
Current: 0.03

During the past 5 years, the highest Debt-to-Equity Ratio of Xplore Resources was 0.03. The lowest was 0.03. And the median was 0.03.

TSXV:XPLR's Debt-to-Equity is ranked better than
75.79% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:XPLR: 0.03

Xplore Resources Debt-to-Equity Historical Data

The historical data trend for Xplore 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.

Xplore Resources Debt-to-Equity Chart

Xplore Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Xplore Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial														-	-	-	-	0.03

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

For the Other Precious Metals & Mining subindustry, Xplore 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.

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

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

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

Xplore Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Xplore Resources'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
	=	(0	+	0)	/	0.886
	=	0.00

Xplore Resources'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
	=	(0.041	+	0)	/	1.403
	=	0.03

Xplore Resources (TSXV:XPLR) 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.

Xplore Resources Debt-to-Equity Related Terms

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

Xplore Resources (TSXV:XPLR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

XPRCF:USA

Address

1 King Street West, Suite 4800-300, Toronto, ON, CAN, M5H 1A1

Website

https://www.xploreresources.com

Xplore Resources Corp is a mining exploration company. The company is focused on the acquisition and exploration activities of copper and gold projects in the Americas. The company holds interest in Surge, Valk, Pringle Lake, Upper Red Lake, Borborema, Energia, and Perrigo Lake Projects.