Labrador Iron Mines Holdings (Labrador Iron Mines Holdings) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Labrador Iron Mines Holdings Debt-to-Equity?

Labrador Iron Mines Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.20 Mil. Labrador Iron Mines Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.03 Mil. Labrador Iron Mines Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9.55 Mil. Labrador Iron Mines Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Labrador Iron Mines Holdings's Debt-to-Equity or its related term are showing as below:

LBRMF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.79 Med: 0 Max: 3.33
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Labrador Iron Mines Holdings was 3.33. The lowest was -0.79. And the median was 0.00.

LBRMF's Debt-to-Equity is ranked better than
82.89% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LBRMF: 0.02

Labrador Iron Mines Holdings Debt-to-Equity Historical Data

The historical data trend for Labrador Iron Mines Holdings'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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Labrador Iron Mines Holdings Debt-to-Equity Chart

Labrador Iron Mines Holdings Annual Data

Trend

Mar13

Mar14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

Labrador Iron Mines Holdings 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															0.01	0.01	0.01	0.03	0.02

Competitive Comparison of Labrador Iron Mines Holdings's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Labrador Iron Mines Holdings'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.

Labrador Iron Mines Holdings's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Labrador Iron Mines Holdings's Debt-to-Equity falls into.

Labrador Iron Mines Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Labrador Iron Mines Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	0.056)	/	9.692
	=	0.01

Labrador Iron Mines Holdings'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
	=	(0.198	+	0.034)	/	9.545
	=	0.02

Labrador Iron Mines Holdings (OTCPK:LBRMF) 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.

Labrador Iron Mines Holdings Debt-to-Equity Related Terms

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Labrador Iron Mines Holdings (Labrador Iron Mines Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Labrador Iron Mines Holdings Ltd (OTCPK:LBRMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

http://www.labradorironmines.ca

Labrador Iron Mines Holdings Ltd is a mineral resource company. The company through its subsidiaries is engaged in the business of mining iron ore and the exploration and development of direct shipping iron ore. Its projects include James, Redmond, Knob Lake, Houston and Malcolm, Sawyer Lake, Astray Lake and Kivivic Number 1 and 2.