Quebec Rare Earth Elements (XCNQ:QREE) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Quebec Rare Earth Elements Debt-to-Equity?

Quebec Rare Earth Elements's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.01 Mil. Quebec Rare Earth Elements's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Quebec Rare Earth Elements's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$4.24 Mil. Quebec Rare Earth Elements's debt to equity for the quarter that ended in Jan. 2024 was 0.00.

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 Quebec Rare Earth Elements's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Quebec Rare Earth Elements was 0.06. The lowest was 0.00. And the median was 0.00.

XCNQ:QREE's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Quebec Rare Earth Elements Debt-to-Equity Historical Data

The historical data trend for Quebec Rare Earth Elements'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.

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Quebec Rare Earth Elements Debt-to-Equity Chart

Quebec Rare Earth Elements Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.06

Quebec Rare Earth Elements 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															-	-	-	-	-

Competitive Comparison of Quebec Rare Earth Elements's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Quebec Rare Earth Elements'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.

Quebec Rare Earth Elements's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Quebec Rare Earth Elements's Debt-to-Equity falls into.

Quebec Rare Earth Elements Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quebec Rare Earth Elements's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(0.011	+	0)	/	3.026
	=	0.00

Quebec Rare Earth Elements'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
	=	(0.011	+	0)	/	4.241
	=	0.00

Quebec Rare Earth Elements (XCNQ:QREE) 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.

Quebec Rare Earth Elements Debt-to-Equity Related Terms

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Quebec Rare Earth Elements (XCNQ:QREE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Rare Earth Elements Corp (XCNQ:QREE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

QQREF:USA 41K:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.metallica-metals.com

Quebec Rare Earth Elements Corp is a junior exploration company targeting gold, silver, platinum, and palladium in some of the most active exploration districts in Canada. Its flagship asset, the Starr Project, is host to multiple high-grade gold and silver discoveries that have been identified through trenching, bulk sampling, and diamond drilling. In addition, the company is one of the landholders in the rapidly advancing Marathon/Thunder Bay North area mining districts where Generation Mining and Clean Air Metals are advancing their sizable high grade platinum-palladium +/- copper-nickel-silver-gold projects. The company also holds sizable land positions in British Columbia's Golden Triangle.

Executives

John Warren Jentz

10% Security Holder, Director