Silver Spruce Resources (FRA:S6Q1) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Silver Spruce Resources Debt-to-Equity?

Silver Spruce Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €0.00 Mil. Silver Spruce Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €0.00 Mil. Silver Spruce Resources's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €-0.04 Mil. Silver Spruce Resources's debt to equity for the quarter that ended in Jan. 2024 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 Silver Spruce Resources's Debt-to-Equity or its related term are showing as below:

FRA:S6Q1' s Debt-to-Equity Range Over the Past 10 Years
Min: -9.4 Med: -0.04 Max: 13.02
Current: -0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Silver Spruce Resources was 13.02. The lowest was -9.40. And the median was -0.04.

FRA:S6Q1's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs FRA:S6Q1: -0.03

Silver Spruce Resources Debt-to-Equity Historical Data

The historical data trend for Silver Spruce 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.

Silver Spruce Resources Debt-to-Equity Chart

Silver Spruce Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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-0.22

0.02

0.04

0.70

0.01

Silver Spruce Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-0.12	0.02	0.02	0.01	-

Competitive Comparison of Silver Spruce Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Silver Spruce 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.

Silver Spruce Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Silver Spruce Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Silver Spruce Resources's Debt to Equity Ratio for the fiscal year 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
	=	(0.001	+	0)	/	0.136
	=	0.01

Silver Spruce Resources's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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)	/	-0.041
	=	0.00

Silver Spruce Resources (FRA:S6Q1) 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.

Silver Spruce Resources Debt-to-Equity Related Terms

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

Silver Spruce Resources (FRA:S6Q1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Spruce Resources Inc (FRA:S6Q1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SSEBF:USA SSE:Canada

Address

1600 Bedford Highway, Suite 440, Bedford, NS, CAN, B4A 1E8

Website

https://www.silverspruceresources.com

Silver Spruce Resources Inc is a Canada-based company focused on exploration for precious and base minerals. The flagship project Pino de Plata located in Chihuahua state Mexico is a high-grade silver project with noteworthy gold, lead, and zinc credits. Its other projects include El Mezquite, Melchett Lake and Pope's Hill.

Silver Spruce Resources (FRA:S6Q1) Headlines

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