Quebec Precious Metals (Quebec Precious Metals) Debt-to-Equity : 0.03 (As of Oct. 2023)

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What is Quebec Precious Metals Debt-to-Equity?

Quebec Precious Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.03 Mil. Quebec Precious Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Quebec Precious Metals's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $1.14 Mil. Quebec Precious Metals's debt to equity for the quarter that ended in Oct. 2023 was 0.03.

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 Quebec Precious Metals's Debt-to-Equity or its related term are showing as below:

CJCFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.07
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Quebec Precious Metals was 0.07. The lowest was 0.01. And the median was 0.02.

CJCFF's Debt-to-Equity is ranked better than
75.65% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CJCFF: 0.03

Quebec Precious Metals Debt-to-Equity Historical Data

The historical data trend for Quebec Precious Metals'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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Quebec Precious Metals Debt-to-Equity Chart

Quebec Precious Metals Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

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0.02

Quebec Precious Metals 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															0.03	0.02	0.02	0.01	0.03

Competitive Comparison of Quebec Precious Metals's Debt-to-Equity

For the Gold subindustry, Quebec Precious Metals'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.

Quebec Precious Metals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Quebec Precious Metals's Debt-to-Equity falls into.

Quebec Precious Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quebec Precious Metals'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
	=	(0.03	+	0)	/	1.625
	=	0.02

Quebec Precious Metals'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
	=	(0.029	+	0)	/	1.135
	=	0.03

Quebec Precious Metals (OTCPK:CJCFF) 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.

Quebec Precious Metals Debt-to-Equity Related Terms

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Quebec Precious Metals (Quebec Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Precious Metals Corp (OTCPK:CJCFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

YXEP:Germany QPM:Canada

Address

1080, Cote du Beaver Hall, Bureau 2101, Montreal, QC, CAN, H2Z 1S8

Website

https://www.qpmcorp.ca

Quebec Precious Metals Corp is engaged in the acquisition, exploration, and development of mining projects in Canada. The company is focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corporation's Eleonore gold mine. In addition, the Company holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. The Company's operations consist of a single operating segment being the sector of exploration and evaluation of mineral resources and all operations are located in Canada.