Texas Mineral Resources (Texas Mineral Resources) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Texas Mineral Resources Debt-to-Equity?

Texas Mineral Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. Texas Mineral Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. Texas Mineral Resources's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $1.19 Mil. Texas Mineral Resources's debt to equity for the quarter that ended in Feb. 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 Texas Mineral Resources's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Texas Mineral Resources was 0.77. The lowest was -0.43. And the median was 0.17.

TMRC'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.

Texas Mineral Resources Debt-to-Equity Historical Data

The historical data trend for Texas Mineral 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.

Texas Mineral Resources Debt-to-Equity Chart

Texas Mineral Resources Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.17

0.27

Texas Mineral Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Texas Mineral Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Texas Mineral 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.

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

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

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

Texas Mineral Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Texas Mineral Resources's Debt to Equity Ratio for the fiscal year that ended in Aug. 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)	/	1.441
	=	0.00

Texas Mineral Resources's Debt to Equity Ratio for the quarter that ended in Feb. 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)	/	1.189
	=	0.00

Texas Mineral Resources (OTCPK:TMRC) 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.

Texas Mineral Resources Debt-to-Equity Related Terms

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Texas Mineral Resources (Texas Mineral Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Texas Mineral Resources Corp (OTCPK:TMRC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

539 El Paso Street, Sierra Blanca, TX, USA, 79851

Website

https://www.tmrcorp.com

Texas Mineral Resources Corp is an exploration-stage mining company. It is predominantly engaged in the business of acquisition, exploration, and development of mineral properties. The group focuses on the development of a metallurgical process to concentrate or otherwise extract the metals from the Round Top Projects. Its flagship property includes the Round Top rare earths-uranium-beryllium project covering approximately 900 acres in Hudspeth County, Texas; and prospecting permits covering 9,345 acres adjacent to the Round Top project.

Executives

Cecil C Wall	director	3 RIVERWAY, STE. 1800, HOUSTON TX 77056
Anthony G. Marchese	director	15 BADEAU AVENUE, SUMMIT X1 07901
Lavern K Lund	director	5875 LANDERBROOK DRIVE, SUITE 220, CLEVELAND OH 44124
Clark Moseley	director	PO BOX 2466, SIOUX FALLS SD 57101
Kevin A. Francis	director	553 SAGE CIRCLE, HIGHLANDS RANCH CO 80126
Peter Jr. Denetclaw	director	6040 SANTA CLARA DR, FARMINGTON NM 87402
Chris Mathers	officer: CFO	7 COPANA PT., ROCKPORT TX 78382
Daniel E Gorski	director, officer: Chief Executive Officer	7 COPANO PT. RD., ROCKPORT TX 78382
Nicholas Pingitore	director	C/O TEXAS RARE EARTH RESOURCES CORP., 304 INVERNESS WAY SOUTH, SUITE 365, ENGLEWOOD CO 80112
Sc Fundamental Llc	director	747 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017
Navajo Transitional Energy Company, Llc	10 percent owner	PO BOX 11, FARMINGTON NM 87499
Edward A Collery	other: Member of 10% owner group	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017
Sc Fundamental Llc Employee Savings & Profit Sharing Plan	10 percent owner	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017
Peter M Collery	director	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE 27TH FLOOR, NEW YORK NY 10017
Neil H Koffler	director	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE 27TH FLOOR, NEW YORK NY 10017