Heritage Mining (XCNQ:HML) Debt-to-Equity : 0.48 (As of Dec. 2023)

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What is Heritage Mining Debt-to-Equity?

Heritage Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.07 Mil. Heritage Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.01 Mil. Heritage Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.18 Mil. Heritage Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.48.

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 Heritage Mining's Debt-to-Equity or its related term are showing as below:

XCNQ:HML' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.48 Max: 0.48
Current: 0.48

During the past 3 years, the highest Debt-to-Equity Ratio of Heritage Mining was 0.48. The lowest was 0.48. And the median was 0.48.

XCNQ:HML's Debt-to-Equity is ranked worse than
74.08% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:HML: 0.48

Heritage Mining Debt-to-Equity Historical Data

The historical data trend for Heritage Mining'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.

Heritage Mining Debt-to-Equity Chart

Heritage Mining Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.48

Heritage Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						-	-	0.09	0.18	0.48

Competitive Comparison of Heritage Mining's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Heritage Mining'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.

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

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

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

Heritage Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Heritage Mining's Debt to Equity Ratio for the fiscal year 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
	=	(0.072	+	0.014)	/	0.181
	=	0.48

Heritage Mining'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
	=	(0.072	+	0.014)	/	0.181
	=	0.48

Heritage Mining (XCNQ:HML) 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.

Heritage Mining Debt-to-Equity Related Terms

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

Heritage Mining (XCNQ:HML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heritage Mining Ltd (XCNQ:HML) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

Heritage Mining Ltd is engaged in the business of exploration for gold and other metals across Canada. The company's principal objectives are to explore and develop the Drayton - Black Lake Property and to identify other properties worthy of investment and exploration. The Drayton - Black Lake Project consists of 720 mining claims located in the Patricia Mining Division totaling approximately 14,921.18 hectares.

Executives

Peter Schloo

Director, Senior Officer

Heritage Mining (XCNQ:HML) Headlines

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