DeepRock Minerals (XCNQ:DEEP) Debt-to-Equity : -0.53 (As of Feb. 2024)

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What is DeepRock Minerals Debt-to-Equity?

DeepRock Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.01 Mil. DeepRock Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. DeepRock Minerals's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$-0.02 Mil. DeepRock Minerals's debt to equity for the quarter that ended in Feb. 2024 was -0.53.

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 DeepRock Minerals's Debt-to-Equity or its related term are showing as below:

XCNQ:DEEP' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.89 Med: 0.02 Max: 4.5
Current: -0.53

During the past 8 years, the highest Debt-to-Equity Ratio of DeepRock Minerals was 4.50. The lowest was -0.89. And the median was 0.02.

XCNQ:DEEP's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:DEEP: -0.53

DeepRock Minerals Debt-to-Equity Historical Data

The historical data trend for DeepRock Minerals'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.

DeepRock Minerals Debt-to-Equity Chart

DeepRock Minerals Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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-0.08

-0.03

0.01

0.06

0.43

DeepRock Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.11	0.23	0.43	-0.53

Competitive Comparison of DeepRock Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, DeepRock Minerals'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.

DeepRock Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

DeepRock Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DeepRock Minerals's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(0.009	+	0)	/	0.021
	=	0.43

DeepRock Minerals's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.009	+	0)	/	-0.017
	=	-0.53

DeepRock Minerals (XCNQ:DEEP) 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.

DeepRock Minerals Debt-to-Equity Related Terms

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DeepRock Minerals (XCNQ:DEEP) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 W. Pender Street, No. 1518, Vancouver, BC, CAN, V6C 2V6

Website

https://www.deeprockmineralsinc.com

DeepRock Minerals Inc is a mining property exploration company. It holds an interest in the Ralleau Project, Golden Gate Gold Project, and Zapozilar Polymetallic Project, among others. The company's reportable segment is the exploration and development of mineral properties in Canada and Romania.

Executives

Richard Shatto

Director