Sirios Resources (FRA:377A) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Sirios Resources Debt-to-Equity?

Sirios Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. Sirios Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.12 Mil. Sirios Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €23.30 Mil. Sirios Resources's debt to equity for the quarter that ended in Dec. 2023 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 Sirios Resources's Debt-to-Equity or its related term are showing as below:

FRA:377A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.02
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Sirios Resources was 0.02. The lowest was 0.00. And the median was 0.00.

FRA:377A's Debt-to-Equity is ranked better than
99.92% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:377A: 0.01

Sirios Resources Debt-to-Equity Historical Data

The historical data trend for Sirios 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.

Sirios Resources Debt-to-Equity Chart

Sirios Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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Sirios Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	0.01	0.01

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

For the Gold subindustry, Sirios 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.

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

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

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

Sirios Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sirios Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 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)	/	24.049
	=	0.00

Sirios 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	+	0.115)	/	23.298
	=	0.00

Sirios Resources (FRA:377A) 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.

Sirios Resources Debt-to-Equity Related Terms

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Sirios Resources (FRA:377A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sirios Resources Inc (FRA:377A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SIREF:USA 377A:Germany SOI:Canada

Address

1400 Marie-Victorin,, Bureau 210, Saint-Bruno-De-Montarville, QC, CAN, J3V 6B9

Website

https://www.sirios.com

Sirios Resources Inc is engaged in the exploration and evaluation of mineral resources. The company aims to discover world-class gold and lithium deposits in the Eeyou Istchee James Bay region, in Quebec, Canada. The company owns projects such as Cheechoo, Aquilon, Maskwa and Li-52. The firm's flagship project is the Cheechoo, a multi-million onces gold project.

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