Balto Resources (TSXV:BAL.H) Debt-to-Equity : -0.21 (As of Dec. 2023)

View and export this data going back to 1982. Start your Free Trial

What is Balto Resources Debt-to-Equity?

Balto Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.73 Mil. Balto Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Balto Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-3.47 Mil. Balto Resources's debt to equity for the quarter that ended in Dec. 2023 was -0.21.

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

TSXV:BAL.H' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.15 Med: -0.35 Max: -0.21
Current: -0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Balto Resources was -0.21. The lowest was -1.15. And the median was -0.35.

TSXV:BAL.H's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:BAL.H: -0.21

Balto Resources Debt-to-Equity Historical Data

The historical data trend for Balto 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.

Balto Resources Debt-to-Equity Chart

Balto Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

-0.38

-0.43

-0.34

-0.27

-0.24

Balto 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															-0.25	-0.24	-0.23	-0.22	-0.21

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

For the Other Industrial Metals & Mining subindustry, Balto 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.

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

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

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

Balto Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Balto Resources's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.716	+	0)	/	-3.018
	=	-0.24

Balto 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
	=	(0.727	+	0)	/	-3.472
	=	-0.21

Balto Resources (TSXV:BAL.H) 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.

Balto Resources Debt-to-Equity Related Terms

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

Balto Resources (TSXV:BAL.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Balto Resources Ltd (TSXV:BAL.H) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

850 West Hastings Street, Suite 600, Vancouver, BC, CAN, V6C 1E1

Website

Balto Resources Ltd operates as a resource property development company. It engages in the process of exploration and evaluating its mineral property. The company holds the majority of the working interest in the SED Mineral claims that cover an area of more than 500 hectares located in the Kamloops Mining Division, British Columbia.

Balto Resources (TSXV:BAL.H) Headlines

No Headlines