Slam Exploration (Slam Exploration) Debt-to-Equity : 0.07 (As of Oct. 2023)

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What is Slam Exploration Debt-to-Equity?

Slam Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.05 Mil. Slam Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil. Slam Exploration's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $0.74 Mil. Slam Exploration's debt to equity for the quarter that ended in Oct. 2023 was 0.07.

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 Slam Exploration's Debt-to-Equity or its related term are showing as below:

SLMXF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.07 Med: 0.07 Max: 0.09
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Slam Exploration was 0.09. The lowest was -0.07. And the median was 0.07.

SLMXF's Debt-to-Equity is ranked better than
60.75% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SLMXF: 0.07

Slam Exploration Debt-to-Equity Historical Data

The historical data trend for Slam Exploration'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.

Slam Exploration Debt-to-Equity Chart

Slam Exploration Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

Get a 7-Day Free Trial

0.04

0.07

Slam Exploration Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.07	0.09	0.07	0.07

Competitive Comparison of Slam Exploration's Debt-to-Equity

For the Gold subindustry, Slam Exploration'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.

Slam Exploration's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Slam Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Slam Exploration's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(0.051	+	0.009)	/	0.814
	=	0.07

Slam Exploration's Debt to Equity Ratio for the quarter 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
	=	(0.051	+	0.004)	/	0.742
	=	0.07

Slam Exploration (OTCPK:SLMXF) 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.

Slam Exploration Debt-to-Equity Related Terms

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Slam Exploration (Slam Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Slam Exploration Ltd (OTCPK:SLMXF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SXL:Canada

Address

295 Hutchison Drive, Miramichi, NB, CAN, E1V 6C7

Website

https://www.slamexploration.com

Slam Exploration Ltd is a mineral resource company. Principally, it is engaged in the acquisition, exploration, and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. Some of the company's properties are Menneval Gold Project, Mt. Victor Property, and others.