Sulliden Mining Capital (TSX:SMC) Debt-to-Equity : 0.09 (As of Jan. 2024)

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What is Sulliden Mining Capital Debt-to-Equity?

Sulliden Mining Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.14 Mil. Sulliden Mining Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Sulliden Mining Capital's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$1.55 Mil. Sulliden Mining Capital's debt to equity for the quarter that ended in Jan. 2024 was 0.09.

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 Sulliden Mining Capital's Debt-to-Equity or its related term are showing as below:

TSX:SMC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.09
Current: 0.09

During the past 10 years, the highest Debt-to-Equity Ratio of Sulliden Mining Capital was 0.09. The lowest was 0.01. And the median was 0.03.

TSX:SMC's Debt-to-Equity is ranked better than
56.96% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:SMC: 0.09

Sulliden Mining Capital Debt-to-Equity Historical Data

The historical data trend for Sulliden Mining Capital'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.

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Sulliden Mining Capital Debt-to-Equity Chart

Sulliden Mining Capital Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.02

0.03

Sulliden Mining Capital Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.03	0.07	0.09

Competitive Comparison of Sulliden Mining Capital's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Sulliden Mining Capital'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.

Sulliden Mining Capital's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sulliden Mining Capital's Debt-to-Equity falls into.

Sulliden Mining Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sulliden Mining Capital's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.091	+	0)	/	2.707
	=	0.03

Sulliden Mining Capital's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.141	+	0)	/	1.553
	=	0.09

Sulliden Mining Capital (TSX:SMC) 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.

Sulliden Mining Capital Debt-to-Equity Related Terms

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Sulliden Mining Capital (TSX:SMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sulliden Mining Capital Inc (TSX:SMC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SULMF:USA 14S:Germany

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

http://www.sulliden.com

Sulliden Mining Capital Inc is engaged in the business of mineral exploration. It holds mineral exploration interests in the East Sullivan property in Quebec, mineral exploration interests in the Salt Cay property in Peru and Uranium exploration interests in the Proterozoic Otish property in Quebec and various investments in public and private entities.

Executives

Newdene Gold Inc.

10% Security Holder

Sulliden Mining Capital (TSX:SMC) Headlines

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