New Age Metals (TSXV:NAM) Debt-to-Equity : 0.01 (As of Jan. 2024)

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What is New Age Metals Debt-to-Equity?

New Age Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.03 Mil. New Age Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.09 Mil. New Age Metals's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$13.58 Mil. New Age Metals's debt to equity for the quarter that ended in Jan. 2024 was 0.01.

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 New Age Metals's Debt-to-Equity or its related term are showing as below:

TSXV:NAM' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.48 Med: 0.01 Max: 0.01
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of New Age Metals was 0.01. The lowest was -1.48. And the median was 0.01.

TSXV:NAM's Debt-to-Equity is ranked better than
99.92% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:NAM: 0.01

New Age Metals Debt-to-Equity Historical Data

The historical data trend for New Age Metals'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.

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New Age Metals Debt-to-Equity Chart

New Age Metals Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.01

New Age Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of New Age Metals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, New Age Metals'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.

New Age Metals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where New Age Metals's Debt-to-Equity falls into.

New Age Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Age Metals's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(0.029	+	0.115)	/	14.224
	=	0.01

New Age Metals'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
	=	(0.029	+	0.092)	/	13.584
	=	0.01

New Age Metals (TSXV:NAM) 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.

New Age Metals Debt-to-Equity Related Terms

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

New Age Metals (TSXV:NAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Age Metals Inc (TSXV:NAM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NMTLF:USA P7J2:Germany

Address

2148 West 38th Avenue, Suite 101, Vancouver, BC, CAN, V6M 1R9

Website

https://www.newagemetals.com

New Age Metals Inc is a green metal, mineral exploration and development company. The company has two divisions, each engaged in the process of acquiring, exploring and developing Platinum Group Metal (PGM) and Lithium projects. Geographically, it operates in Canada and USA, out of which the majority of its revenue is from Canada. Its project includes the palladium projects in North America - its flagship River Valley PGM Project (near Sudbury, Ontario), Genesis PGM-Cu-Ni Project (Alaska) and seven Lithium projects (Manitoba).

Executives

Michael Francis Neumann

Director

New Age Metals (TSXV:NAM) Headlines

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