Midnight Sun Mining (TSXV:MMA) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Midnight Sun Mining Debt-to-Equity?

Midnight Sun Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.23 Mil. Midnight Sun Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.31 Mil. Midnight Sun Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$11.19 Mil. Midnight Sun Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

TSXV:MMA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.05
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Midnight Sun Mining was 0.05. The lowest was 0.00. And the median was 0.01.

TSXV:MMA's Debt-to-Equity is ranked better than
66.64% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:MMA: 0.05

Midnight Sun Mining Debt-to-Equity Historical Data

The historical data trend for Midnight Sun Mining'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.

Midnight Sun Mining Debt-to-Equity Chart

Midnight Sun Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.05

Midnight Sun Mining 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															0.01	0.01	0.01	0.01	0.05

Competitive Comparison of Midnight Sun Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Midnight Sun Mining'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.

Midnight Sun Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Midnight Sun Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Midnight Sun Mining'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
	=	(0.225	+	0.314)	/	11.192
	=	0.05

Midnight Sun Mining'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
	=	(0.225	+	0.314)	/	11.192
	=	0.05

Midnight Sun Mining (TSXV:MMA) 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.

Midnight Sun Mining Debt-to-Equity Related Terms

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

Midnight Sun Mining (TSXV:MMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Midnight Sun Mining Corp (TSXV:MMA) » Definitions » Debt-to-Equity

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MDNGF:USA

Address

789 West Pender Street, Suite 770, Vancouver, BC, CAN, V6C 1H2

Website

https://www.midnightsunmining.com

Midnight Sun Mining Corp is an exploration-stage company. The company is engaged in the acquisition and exploration of mineral property interests. It focuses on the exploration and discovery of copper deposits in the prolific Zambian-Congo Copperbelt. The company's mineral exploration in Zambia is located directly adjacent to the largest copper mine in Africa - First Quantum Minerals' Kansanshi copper/gold mine. It has one reportable operating segment, which is the acquisition and exploration of mineral properties.

Executives

Allan John Fabbro

10% Security Holder, Director, Senior Officer

Midnight Sun Mining (TSXV:MMA) Headlines

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