Rhyolite Resources (Rhyolite Resources) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Rhyolite Resources Debt-to-Equity?

Rhyolite Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Rhyolite Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Rhyolite Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $4.75 Mil. Rhyolite Resources's debt to equity for the quarter that ended in Mar. 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 Rhyolite Resources's Debt-to-Equity or its related term are showing as below:

RHRYF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.04
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Rhyolite Resources was 0.04. The lowest was 0.01. And the median was 0.02.

RHRYF's Debt-to-Equity is ranked better than
70.34% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs RHRYF: 0.04

Rhyolite Resources Debt-to-Equity Historical Data

The historical data trend for Rhyolite 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.

Rhyolite Resources Debt-to-Equity Chart

Rhyolite Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

Rhyolite Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.03	-	-	-

Competitive Comparison of Rhyolite Resources's Debt-to-Equity

For the Gold subindustry, Rhyolite 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.

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

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

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

Rhyolite Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rhyolite 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	+	0)	/	4.787
	=	0.00

Rhyolite Resources's Debt to Equity Ratio for the quarter that ended in Mar. 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)	/	4.745
	=	0.00

Rhyolite Resources (OTCPK:RHRYF) 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.

Rhyolite Resources Debt-to-Equity Related Terms

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Rhyolite Resources (Rhyolite Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rhyolite Resources Ltd (OTCPK:RHRYF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

RYE:Canada

Address

1111 Melville Street, Suite 620, Three Bentall Centre, Vancouver, BC, CAN, V6E 3V6

Website

https://www.rhyoliteresources.com

Rhyolite Resources Ltd is a Canada-based exploration company. It is engaged in the acquisition and exploration of mineral properties in the United States. The company focuses on the Paxson Project in Alaska and an option to earn up to interest in the Brothers Project in Suriname.