Nortec Minerals (TSXV:NVT) Debt-to-Equity : -0.64 (As of Sep. 2023)

View and export this data going back to 1999. Start your Free Trial

What is Nortec Minerals Debt-to-Equity?

Nortec Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.15 Mil. Nortec Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Nortec Minerals's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-0.23 Mil. Nortec Minerals's debt to equity for the quarter that ended in Sep. 2023 was -0.64.

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 Nortec Minerals's Debt-to-Equity or its related term are showing as below:

TSXV:NVT' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.53 Med: -0.07 Max: 0.22
Current: -0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Nortec Minerals was 0.22. The lowest was -4.53. And the median was -0.07.

TSXV:NVT's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:NVT: -0.64

Nortec Minerals Debt-to-Equity Historical Data

The historical data trend for Nortec Minerals'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.

Nortec Minerals Debt-to-Equity Chart

Nortec Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.11

0.21

-0.20

-0.34

-4.53

Nortec Minerals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.17	-4.53	-1.08	-0.73	-0.64

Competitive Comparison of Nortec Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Nortec Minerals'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.

Nortec Minerals's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Nortec Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nortec Minerals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.145	+	0)	/	-0.032
	=	-4.53

Nortec Minerals's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.145	+	0)	/	-0.225
	=	-0.64

Nortec Minerals (TSXV:NVT) 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.

Nortec Minerals Debt-to-Equity Related Terms

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

Nortec Minerals (TSXV:NVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nortec Minerals Corp (TSXV:NVT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 West Pender Street, Suite 915, Vancouver, BC, CAN, V6C 1G8

Website

https://www.nortecminerals.com

Nortec Minerals Corp is a Canada-based exploration-stage company that is engaged in the acquisition and exploration of mineral properties. The company's projects include Sturgeon Lake VMS, Mattagami River Zinc, and Finland project.