Canada Rare Earth (TSXV:LL) Debt-to-Equity : -1.30 (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Canada Rare Earth Debt-to-Equity?

Canada Rare Earth's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.46 Mil. Canada Rare Earth's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.12 Mil. Canada Rare Earth's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.44 Mil. Canada Rare Earth's debt to equity for the quarter that ended in Dec. 2023 was -1.30.

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 Canada Rare Earth's Debt-to-Equity or its related term are showing as below:

TSXV:LL' s Debt-to-Equity Range Over the Past 10 Years
Min: -14.79 Med: -1.07 Max: 207
Current: -1.3

During the past 13 years, the highest Debt-to-Equity Ratio of Canada Rare Earth was 207.00. The lowest was -14.79. And the median was -1.07.

TSXV:LL's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:LL: -1.30

Canada Rare Earth Debt-to-Equity Historical Data

The historical data trend for Canada Rare Earth'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.

Canada Rare Earth Debt-to-Equity Chart

Canada Rare Earth Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

-1.27

-0.87

-0.02

-1.52

207.00

Canada Rare Earth 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															-14.79	207.00	-11.26	-1.88	-1.30

Competitive Comparison of Canada Rare Earth's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Canada Rare Earth'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.

Canada Rare Earth's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Canada Rare Earth's Debt-to-Equity falls into.

Canada Rare Earth Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canada Rare Earth'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
	=	(1.076	+	0.166)	/	0.006
	=	207.00

Canada Rare Earth'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
	=	(0.456	+	0.116)	/	-0.441
	=	-1.30

Canada Rare Earth (TSXV:LL) 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.

Canada Rare Earth Debt-to-Equity Related Terms

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

Canada Rare Earth (TSXV:LL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Rare Earth Corp (TSXV:LL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RAREF:USA

Address

650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N8

Website

http://www.canadarareearth.com

Canada Rare Earth Corp is a Canada-based development stage company. The company is engaged in developing an integrated business within the rare earth industry from the initial mandate of acquiring and exploring mineral property interests. It's only reportable segment is the sale of oxides and rare earth concentrate. Geographically, it derives a majority of revenue from Asia.

Executives

Tracy Allin Moore

Director