Arras Minerals (TSXV:ARK) Debt-to-Equity : 0.03 (As of Jan. 2024)

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What is Arras Minerals Debt-to-Equity?

Arras Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.11 Mil. Arras Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.14 Mil. Arras Minerals's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$7.87 Mil. Arras Minerals's debt to equity for the quarter that ended in Jan. 2024 was 0.03.

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 Arras Minerals's Debt-to-Equity or its related term are showing as below:

TSXV:ARK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.03 Max: 0.05
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of Arras Minerals was 0.05. The lowest was 0.03. And the median was 0.03.

TSXV:ARK's Debt-to-Equity is ranked better than
75.48% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:ARK: 0.03

Arras Minerals Debt-to-Equity Historical Data

The historical data trend for Arras Minerals'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.

Arras Minerals Debt-to-Equity Chart

Arras Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Debt-to-Equity

0.05

0.04

Arras Minerals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial							0.03	0.03	0.03	0.04	0.03

Competitive Comparison of Arras Minerals's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Arras Minerals'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.

Arras Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Arras Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arras Minerals's Debt to Equity Ratio for the fiscal year 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
	=	(0.107	+	0.171)	/	7.735
	=	0.04

Arras Minerals'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
	=	(0.107	+	0.14)	/	7.866
	=	0.03

Arras Minerals (TSXV:ARK) 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.

Arras Minerals Debt-to-Equity Related Terms

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

Arras Minerals (TSXV:ARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arras Minerals Corp (TSXV:ARK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ARRKF:USA

Address

777 Dunsmuir Street, Suite 1605, PO Box 10414, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.arrasminerals.com

Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire a 100% interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

Executives

Darren Ervin Charles Klinck

Senior Officer

Arras Minerals (TSXV:ARK) Headlines

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