Excellon Resources (TSX:EXN) Debt-to-Equity : -1.22 (As of Dec. 2023)

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What is Excellon Resources Debt-to-Equity?

Excellon Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$16.08 Mil. Excellon Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Excellon Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-13.18 Mil. Excellon Resources's debt to equity for the quarter that ended in Dec. 2023 was -1.22.

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 Excellon Resources's Debt-to-Equity or its related term are showing as below:

TSX:EXN' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.16 Med: 0.02 Max: 0.16
Current: -1.22

During the past 13 years, the highest Debt-to-Equity Ratio of Excellon Resources was 0.16. The lowest was -2.16. And the median was 0.02.

TSX:EXN's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSX:EXN: -1.22

Excellon Resources Debt-to-Equity Historical Data

The historical data trend for Excellon 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.

Excellon Resources Debt-to-Equity Chart

Excellon Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.16

-2.16

-0.53

-1.22

Excellon Resources 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															-0.53	-10.61	-3.48	-1.28	-1.22

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

For the Silver subindustry, Excellon 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.

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

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

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

Excellon Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Excellon 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
	=	(16.084	+	0)	/	-13.184
	=	-1.22

Excellon Resources'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
	=	(16.084	+	0)	/	-13.184
	=	-1.22

Excellon Resources (TSX:EXN) 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.

Excellon Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Excellon Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Excellon Resources (TSX:EXN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Excellon Resources Inc (TSX:EXN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EXNRF:USA E4X2:Germany

Address

10 King Street East, Suite 200, Toronto, ON, CAN, M5C 1C3

Website

http://www.excellonresources.com

Excellon Resources Inc is involved in the exploration, development and extraction of silver, lead and zinc metals. It mainly operates in Mexico and Canada. The Mexican operations consist of the Platosa property which is a commercial production property earning most of its revenue through the sale of silver- lead concentrate and silver-zinc concentrate whereas Canadian operations are principally engaged in the acquisition, exploration, and evaluation of mining properties in Quebec. It has two reportable segments, Mexico and Corporate.

Excellon Resources (TSX:EXN) Headlines

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