Quantum Battery Metals Co (Quantum Battery Metals Co) Debt-to-Equity : 0.18 (As of Oct. 2023)

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What is Quantum Battery Metals Co Debt-to-Equity?

Quantum Battery Metals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.46 Mil. Quantum Battery Metals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Quantum Battery Metals Co's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $2.60 Mil. Quantum Battery Metals Co's debt to equity for the quarter that ended in Oct. 2023 was 0.18.

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 Quantum Battery Metals Co's Debt-to-Equity or its related term are showing as below:

BRVVF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.63 Med: -0.08 Max: 0.32
Current: 0.18

During the past 12 years, the highest Debt-to-Equity Ratio of Quantum Battery Metals Co was 0.32. The lowest was -1.63. And the median was -0.08.

BRVVF's Debt-to-Equity is ranked worse than
55.79% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs BRVVF: 0.18

Quantum Battery Metals Co Debt-to-Equity Historical Data

The historical data trend for Quantum Battery Metals Co'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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Quantum Battery Metals Co Debt-to-Equity Chart

Quantum Battery Metals Co Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

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-0.50

-0.33

-0.46

0.30

Quantum Battery Metals Co 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															-0.73	0.30	0.32	0.15	0.18

Competitive Comparison of Quantum Battery Metals Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Quantum Battery Metals Co'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.

Quantum Battery Metals Co's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Quantum Battery Metals Co's Debt-to-Equity falls into.

Quantum Battery Metals Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quantum Battery Metals Co'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
	=	(0.328	+	0)	/	1.086
	=	0.30

Quantum Battery Metals Co'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
	=	(0.461	+	0)	/	2.6
	=	0.18

Quantum Battery Metals Co (OTCPK:BRVVF) 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.

Quantum Battery Metals Co Debt-to-Equity Related Terms

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Quantum Battery Metals Co (Quantum Battery Metals Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quantum Battery Metals Co (OTCPK:BRVVF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

23B0:Germany QBAT:Canada

Address

400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C 3N6

Website

https://www.quantumbatterymetals.com

Quantum Battery Metals Co is a mineral exploration company in Canada. It is currently in the process of identifying, exploring, and developing mineral properties. The projects of the company include the Kelso Lithium Property, Nipissing Lorrain Cobalt property, Kahuna Cobalt, Albanel Lithium Property, Property Rabbit Cobalt property, Lac Mistumis Lithium Property, and Rose West Lithium Property.