Metalore Resources (Metalore Resources) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Metalore Resources Debt-to-Equity?

Metalore Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Metalore Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Metalore Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5.31 Mil. Metalore 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 Metalore Resources's Debt-to-Equity or its related term are showing as below:

MTLRF's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Metalore Resources Debt-to-Equity Historical Data

The historical data trend for Metalore 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.

Metalore Resources Debt-to-Equity Chart

Metalore Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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Metalore 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															-	-	-	-	-

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

For the Oil & Gas E&P subindustry, Metalore 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.

Metalore Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Metalore Resources's Debt-to-Equity distribution charts can be found below:

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

Metalore Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Metalore Resources's Debt to Equity Ratio for the fiscal year that ended in Mar. 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)	/	5.253
	=	0.00

Metalore 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)	/	5.309
	=	0.00

Metalore Resources (OTCPK:MTLRF) 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.

Metalore Resources Debt-to-Equity Related Terms

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Metalore Resources (Metalore Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Metalore Resources Ltd (OTCPK:MTLRF) » Definitions » Debt-to-Equity

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MET:Canada

Address

124 Norfolk Street North, P.O. Box 422, Simcoe, ON, CAN, N3Y 3N8

Website

https://www.metaloreresources.ca

Metalore Resources Ltd is a Canada-based resource company focused on natural gas production and gold exploration. It owns and controls petroleum, natural gas, and mineral leases in Charlotteville, Walsingham, and Houghton townships in Norfolk County, Ontario. The company's properties for gold exploration include Paint LakeProperty and Brookbank Jv Properties. It generates the majority of revenue from the sale of natural gas.