AJN Resources (XCNQ:AJN) Debt-to-Equity : 1.53 (As of Jan. 2024)

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What is AJN Resources Debt-to-Equity?

AJN Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$1.26 Mil. AJN Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. AJN Resources's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$0.82 Mil. AJN Resources's debt to equity for the quarter that ended in Jan. 2024 was 1.53.

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

XCNQ:AJN' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.15 Med: 1.04 Max: 73.88
Current: 1.53

During the past 7 years, the highest Debt-to-Equity Ratio of AJN Resources was 73.88. The lowest was -5.15. And the median was 1.04.

XCNQ:AJN's Debt-to-Equity is ranked worse than
92.85% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:AJN: 1.53

AJN Resources Debt-to-Equity Historical Data

The historical data trend for AJN 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.

AJN Resources Debt-to-Equity Chart

AJN Resources Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.59

1.66

3.73

73.88

AJN Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-2.74	-1.74	73.88	0.81	1.53

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

For the Other Industrial Metals & Mining subindustry, AJN 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.

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

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

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

AJN Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AJN Resources's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(1.256	+	0)	/	0.017
	=	73.88

AJN Resources's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(1.256	+	0)	/	0.821
	=	1.53

AJN Resources (XCNQ:AJN) 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.

AJN Resources Debt-to-Equity Related Terms

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

AJN Resources (XCNQ:AJN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AJN Resources Inc (XCNQ:AJN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5AT:Germany

Address

1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5

Website

https://www.ajnresources.com

AJN Resources Inc is an exploration and development company in Canada. The company is in the business of the exploration and evaluation of mineral properties in Nevada, USA. The company operated in a single reporting segment of acquisition, exploration, and development of mineral properties. It holds an interest in Salt Wells Lithium Project, and potential exploration permits located in the Manono Territory, Tanganyika Province of the Democratic Republic of the Congo.

Executives

Klaus Peter Eckhof	Director, Senior Officer
Mark Richard Gasson	10% Security Holder, Director, Senior Officer

AJN Resources (XCNQ:AJN) Headlines

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