Helium Evolution (TSXV:HEVI) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Helium Evolution Debt-to-Equity?

Helium Evolution's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.02 Mil. Helium Evolution's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.02 Mil. Helium Evolution's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$10.63 Mil. Helium Evolution's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Helium Evolution's Debt-to-Equity or its related term are showing as below:

During the past 4 years, the highest Debt-to-Equity Ratio of Helium Evolution was 0.03. The lowest was -0.93. And the median was 0.00.

TSXV:HEVI's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Helium Evolution Debt-to-Equity Historical Data

The historical data trend for Helium Evolution'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.

Helium Evolution Debt-to-Equity Chart

Helium Evolution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.93

0.03

Helium Evolution Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											-	-	-	-	-

Competitive Comparison of Helium Evolution's Debt-to-Equity

For the Oil & Gas E&P subindustry, Helium Evolution'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.

Helium Evolution's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Helium Evolution's Debt-to-Equity distribution charts can be found below:

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

Helium Evolution Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Helium Evolution'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
	=	(0.021	+	0.022)	/	10.767
	=	0.00

Helium Evolution's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.02	+	0.022)	/	10.625
	=	0.00

Helium Evolution (TSXV:HEVI) 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.

Helium Evolution Debt-to-Equity Related Terms

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Helium Evolution (TSXV:HEVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Helium Evolution Inc (TSXV:HEVI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HEEVF:USA

Address

400 - 505 - 3rd Street SW, Calgary, AB, CAN, T2P 3E6

Website

https://www.heliumevolution.ca

Helium Evolution Inc is engaged in the exploration and production of helium. The company holds helium land permits near proven discoveries of economic helium concentrations.

Executives

Patrick Mills

Senior Officer

Helium Evolution (TSXV:HEVI) Headlines

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