Skeena Resources (TSX:SKE) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is Skeena Resources Debt-to-Equity?

Skeena Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.06 Mil. Skeena Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$31.32 Mil. Skeena Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$124.54 Mil. Skeena Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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

TSX:SKE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.26
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Skeena Resources was 0.26. The lowest was 0.01. And the median was 0.08.

TSX:SKE's Debt-to-Equity is ranked worse than
62.8% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:SKE: 0.26

Skeena Resources Debt-to-Equity Historical Data

The historical data trend for Skeena 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.

Skeena Resources Debt-to-Equity Chart

Skeena Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.02

0.01

0.03

0.26

Skeena 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															0.03	0.03	0.02	0.02	0.26

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

For the Other Industrial Metals & Mining subindustry, Skeena 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.

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

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

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

Skeena Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Skeena 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
	=	(1.061	+	31.321)	/	124.535
	=	0.26

Skeena 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
	=	(1.061	+	31.321)	/	124.535
	=	0.26

Skeena Resources (TSX:SKE) 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.

Skeena Resources Debt-to-Equity Related Terms

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

Skeena Resources (TSX:SKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Skeena Resources Ltd (TSX:SKE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SKE:USA RXF:Germany

Address

1021 West Hastings Street, Suite 650, Vancouver, BC, CAN, V6E 0C3

Website

https://www.skeenaresources.com

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company's primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.

Executives