First Atlantic Nickel (TSXV:FAN) Debt-to-Equity : 0.01 (As of Oct. 2023)

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What is First Atlantic Nickel Debt-to-Equity?

First Atlantic Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$0.02 Mil. First Atlantic Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$0.00 Mil. First Atlantic Nickel's Total Stockholders Equity for the quarter that ended in Oct. 2023 was C$1.96 Mil. First Atlantic Nickel's debt to equity for the quarter that ended in Oct. 2023 was 0.01.

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 First Atlantic Nickel's Debt-to-Equity or its related term are showing as below:

TSXV:FAN' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.26 Med: -0.23 Max: 8.08
Current: 0.01

During the past 12 years, the highest Debt-to-Equity Ratio of First Atlantic Nickel was 8.08. The lowest was -1.26. And the median was -0.23.

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

First Atlantic Nickel Debt-to-Equity Historical Data

The historical data trend for First Atlantic Nickel'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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First Atlantic Nickel Debt-to-Equity Chart

First Atlantic Nickel Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

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-0.40

-1.26

0.02

0.04

First Atlantic Nickel Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.04	0.02	0.02	0.01

Competitive Comparison of First Atlantic Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, First Atlantic Nickel'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.

First Atlantic Nickel's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where First Atlantic Nickel's Debt-to-Equity falls into.

First Atlantic Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Atlantic Nickel's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(0.023	+	0.012)	/	0.825
	=	0.04

First Atlantic Nickel's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(0.019	+	0)	/	1.959
	=	0.01

First Atlantic Nickel (TSXV:FAN) 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.

First Atlantic Nickel Debt-to-Equity Related Terms

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First Atlantic Nickel (TSXV:FAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Atlantic Nickel Corp (TSXV:FAN) » Definitions » Debt-to-Equity

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Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.arcpacific.ca

Avante Mining Corp, formerly ArcPacific Resources Corp is a Canadian-based exploration company expanding its exploration initiative on multiple projects which include past-producing gold and silver-gold-copper mines in the Timmins gold camp, in Ontario, and in the Nicola mining division in Southern British Columbia. The company is focused on creating shareholder value through new discoveries and strategic development of its mineral properties. ArcPacific owns a stake in the LMSL Copper Gold & Silver Project in British Columbia, Canada, which is known for its copper and gold deposits. The company also has exploratory properties in Canada, including the Blackdome gold project, which has revealed continuous gold mineralization.