Orex Minerals (Orex Minerals) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Orex Minerals Debt-to-Equity?

Orex Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Orex Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Orex Minerals's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $2.41 Mil. Orex Minerals'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 Orex Minerals's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Orex Minerals was 0.06. The lowest was 0.06. And the median was 0.06.

ORMNF'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.

Orex Minerals Debt-to-Equity Historical Data

The historical data trend for Orex Minerals'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.

Orex Minerals Debt-to-Equity Chart

Orex Minerals Annual Data

Trend

Apr14

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Apr16

Apr17

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Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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Orex Minerals 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															-	-	-	-	-

Competitive Comparison of Orex Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Orex Minerals'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.

Orex Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Orex Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Orex Minerals's Debt to Equity Ratio for the fiscal year that ended in Apr. 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	+	0)	/	3.355
	=	0.00

Orex Minerals'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)	/	2.412
	=	0.00

Orex Minerals (OTCPK:ORMNF) 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.

Orex Minerals Debt-to-Equity Related Terms

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Orex Minerals (Orex Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orex Minerals Inc (OTCPK:ORMNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ORS0:Germany REX:Canada

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.orexminerals.com

Orex Minerals Inc is a Canadian-based mineral exploration company. It has a portfolio of gold, silver, and copper exploration projects on renowned mineral trends in Mexico and Canada. The company manages projects like Coneto, Sandra, and Jumping Josephine. It is in the process of exploring and evaluating its resource properties and has not yet determined whether any of its properties contain economically recoverable ore reserves.