Lancaster resources (XCNQ:LCR) Debt-to-Equity : -2.18 (As of Dec. 2023)

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What is Lancaster resources Debt-to-Equity?

Lancaster resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Lancaster resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.99 Mil. Lancaster resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.46 Mil. Lancaster resources's debt to equity for the quarter that ended in Dec. 2023 was -2.18.

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 Lancaster resources's Debt-to-Equity or its related term are showing as below:

XCNQ:LCR' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.18 Med: -0.77 Max: 1.58
Current: -2.18

During the past 3 years, the highest Debt-to-Equity Ratio of Lancaster resources was 1.58. The lowest was -2.18. And the median was -0.77.

XCNQ:LCR's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XCNQ:LCR: -2.18

Lancaster resources Debt-to-Equity Historical Data

The historical data trend for Lancaster 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.

Lancaster resources Debt-to-Equity Chart

Lancaster resources Annual Data

Trend

Nov19

Nov20

Nov21

Debt-to-Equity

-0.89

1.55

Lancaster resources Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												-0.60	-0.79	-0.83	-1.95	-2.18

Competitive Comparison of Lancaster resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lancaster 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.

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

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

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

Lancaster resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lancaster resources's Debt to Equity Ratio for the fiscal year that ended in Nov. 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	+	0.45)	/	0.29
	=	1.55

Lancaster 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	+	0.994)	/	-0.456
	=	-2.18

Lancaster resources (XCNQ:LCR) 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.

Lancaster resources Debt-to-Equity Related Terms

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

Lancaster resources (XCNQ:LCR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LANRF:USA 6UF0:Germany

Address

2569 Marine Drive, Vancouver, BC, CAN, V7V 1L5

Website

https://www.lancaster-resources.com

Lancaster resources Inc is engaged in exploring energy transition metals, particularly lithium, to take advantage of the global shift towards decarbonization and electrification. Its goal is to identify, acquire, explore, and develop high-quality mineral-rich properties, integrating sustainable energy sources and innovative technologies for climate-positive resource production. The Company holds exclusive rights to acquire a 100% interest in the Alkali Flat lithium brine project situated in Lordsburg, New Mexico, USA.

Lancaster resources (XCNQ:LCR) Headlines

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