Iconic Minerals (Iconic Minerals) Debt-to-Equity : 0.00 (As of Nov. 2023)

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What is Iconic Minerals Debt-to-Equity?

Iconic Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Iconic Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Iconic Minerals's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $1.86 Mil. Iconic Minerals's debt to equity for the quarter that ended in Nov. 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 Iconic Minerals's Debt-to-Equity or its related term are showing as below:

ICMFF' s Debt-to-Equity Range Over the Past 10 Years
Min: -65.09 Med: 0.93 Max: 57.55
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Iconic Minerals was 57.55. The lowest was -65.09. And the median was 0.93.

ICMFF's Debt-to-Equity is ranked worse than
80.63% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ICMFF: 0.66

Iconic Minerals Debt-to-Equity Historical Data

The historical data trend for Iconic Minerals'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.

Iconic Minerals Debt-to-Equity Chart

Iconic Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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-1.80

4.68

0.74

1.06

Iconic Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															1.24	1.45	-	-	-

Competitive Comparison of Iconic Minerals's Debt-to-Equity

For the Gold subindustry, Iconic Minerals'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.

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

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

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

Iconic Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Iconic Minerals's Debt to Equity Ratio for the fiscal year that ended in Aug. 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)	/	2.132
	=	0.00

Iconic Minerals's Debt to Equity Ratio for the quarter that ended in Nov. 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)	/	1.862
	=	0.00

Iconic Minerals (OTCPK:ICMFF) 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.

Iconic Minerals Debt-to-Equity Related Terms

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Iconic Minerals (Iconic Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iconic Minerals Ltd (OTCPK:ICMFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

YQG:Germany ICM:Canada

Address

303 - 595 Howe Street, P.O. Box 4, Vancouver, BC, CAN, V6C 2T5

Website

https://www.iconicminerals.com

Iconic Minerals Ltd is a mineral exploration company. It mainly focuses on acquiring and exploring gold and lithium properties in Nevada. The exploration assets of the company include New Pass property located in Churchill County; Midas South property located in Elko County; Bonnie Claire Lithium Project located in Nye County; Smith Creek Lithium Project and others.

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