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Electra Stone (Electra Stone) Debt-to-Equity : -0.82 (As of Sep. 2017)


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What is Electra Stone Debt-to-Equity?

Electra Stone's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2017 was $0.42 Mil. Electra Stone's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2017 was $0.00 Mil. Electra Stone's Total Stockholders Equity for the quarter that ended in Sep. 2017 was $-0.51 Mil. Electra Stone's debt to equity for the quarter that ended in Sep. 2017 was -0.82.

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 Electra Stone's Debt-to-Equity or its related term are showing as below:

ELCGF's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Electra Stone Debt-to-Equity Historical Data

The historical data trend for Electra Stone'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.

Electra Stone Debt-to-Equity Chart

Electra Stone Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.35 -1.91 -2.71 -0.82

Electra Stone Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.50 -0.82 -0.80 -0.68 -0.82

Competitive Comparison of Electra Stone's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Electra Stone'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.


Electra Stone's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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



Electra Stone Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Electra Stone's Debt to Equity Ratio for the fiscal year that ended in Dec. 2016 is calculated as

Electra Stone's Debt to Equity Ratio for the quarter that ended in Sep. 2017 is calculated as

* 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.


Electra Stone  (OTCPK:ELCGF) 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.


Electra Stone Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Electra Stone's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Electra Stone (Electra Stone) Business Description

Traded in Other Exchanges
N/A
Address
409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2
Electra Stone Ltd is junior mining company based in Canada. It specializes in the development and exploration of industrial minerals and dimensional stone. The company is in the process of mining the Apple Bay aluminum silicate quarry located on Vancouver Island near Port Hardy, British Columbia. Electra operates through two segments being the Mining and Exploration of industrial mineral properties.

Electra Stone (Electra Stone) Headlines

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