Temas Resources (XCNQ:TMAS) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is Temas Resources Debt-to-Equity?

Temas Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.14 Mil. Temas Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Temas Resources's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$5.95 Mil. Temas Resources's debt to equity for the quarter that ended in Sep. 2023 was 0.02.

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

XCNQ:TMAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 1.56
Current: 0.02

During the past 5 years, the highest Debt-to-Equity Ratio of Temas Resources was 1.56. The lowest was 0.01. And the median was 0.02.

XCNQ:TMAS's Debt-to-Equity is ranked better than
83.04% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:TMAS: 0.02

Temas Resources Debt-to-Equity Historical Data

The historical data trend for Temas 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.

Temas Resources Debt-to-Equity Chart

Temas Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

N/A

0.48

0.01

Temas Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	0.02

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

For the Other Industrial Metals & Mining subindustry, Temas 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.

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

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

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

Temas Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Temas Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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)	/	7.14
	=	0.00

Temas Resources's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.143	+	0)	/	5.946
	=	0.02

Temas Resources (XCNQ:TMAS) 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.

Temas Resources Debt-to-Equity Related Terms

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

Temas Resources (XCNQ:TMAS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TMASF:USA 26P0:Germany

Address

999 West Hastings Street, Suite 520, Vancouver, BC, CAN, V6C 2W2

Website

https://www.temasresources.com

Temas Resources Corp is focused on the advancement of mineral independence and the processes in which minerals are extracted in an environmentally friendly manner. It invests in and works to apply green technology across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies. Its flagship properties are located in the stable, mining-friendly jurisdiction of Quebec (Canada) bordering Vermont, Maine, and New York State (U.S.) in an area known as the Grenville Geological Province. The Grenville Geological Province is home to Lac Tio, the solid ilmenite deposit in the world.

Executives

Samuel Anthony Kyler Hardy

Director

Temas Resources (XCNQ:TMAS) Headlines

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