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Lion Rock Resources (Lion Rock Resources) Debt-to-Equity : -0.17 (As of Dec. 2023)


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What is Lion Rock Resources Debt-to-Equity?

Lion Rock Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.09 Mil. Lion Rock Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Lion Rock Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.54 Mil. Lion Rock Resources's debt to equity for the quarter that ended in Dec. 2023 was -0.17.

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 Lion Rock Resources's Debt-to-Equity or its related term are showing as below:

KBGCF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.43   Med: -0.18   Max: 0.2
Current: -0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Lion Rock Resources was 0.20. The lowest was -0.43. And the median was -0.18.

KBGCF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs KBGCF: -0.17

Lion Rock Resources Debt-to-Equity Historical Data

The historical data trend for Lion Rock 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.

Lion Rock Resources Debt-to-Equity Chart

Lion Rock Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.43 -0.19 - 0.20 -0.17

Lion Rock Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.20 0.22 0.21 0.07 -0.17

Competitive Comparison of Lion Rock Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Lion Rock 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.

Lion Rock Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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


Lion Rock Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lion Rock Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
=(0.092 + 0) / -0.541
=-0.17

Lion Rock Resources's Debt to Equity Ratio for the quarter that ended in Dec. 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
=(0.092 + 0) / -0.541
=-0.17

* 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.

Lion Rock Resources  (OTCPK:KBGCF) 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.

Lion Rock Resources Debt-to-Equity Related Terms

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

Lion Rock Resources (Lion Rock Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lion Rock Resources Inc (OTCPK:KBGCF) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
KGB:Germany ROAR:Canada
Address
200 Burrard Street, Suite 1680, Vancouver, BC, CAN, V6C 3L6
Website
https://www.lionrockresources.com
Lion Rock Resources Inc is an exploration company focused on the exploration and development of the Maybrun property, a gold-copper project located approximately 80 km southeast of Kenora, Ontario. The Company operates in one business segment which is the exploration and development of resource properties.