Rainy Mountain Royalty (TSXV:RMO) Debt-to-Equity : 0.34 (As of Jan. 2024)

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What is Rainy Mountain Royalty Debt-to-Equity?

Rainy Mountain Royalty's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.61 Mil. Rainy Mountain Royalty's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Rainy Mountain Royalty's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$1.79 Mil. Rainy Mountain Royalty's debt to equity for the quarter that ended in Jan. 2024 was 0.34.

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 Rainy Mountain Royalty's Debt-to-Equity or its related term are showing as below:

TSXV:RMO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.34
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Rainy Mountain Royalty was 0.34. The lowest was 0.01. And the median was 0.07.

TSXV:RMO's Debt-to-Equity is ranked worse than
68% of 1300 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:RMO: 0.34

Rainy Mountain Royalty Debt-to-Equity Historical Data

The historical data trend for Rainy Mountain Royalty'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.

Rainy Mountain Royalty Debt-to-Equity Chart

Rainy Mountain Royalty Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.01

0.15

0.06

0.23

0.29

Rainy Mountain Royalty 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															0.28	0.29	0.30	0.32	0.34

Competitive Comparison of Rainy Mountain Royalty's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Rainy Mountain Royalty'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.

Rainy Mountain Royalty's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Rainy Mountain Royalty's Debt-to-Equity falls into.

Rainy Mountain Royalty Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rainy Mountain Royalty'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
	=	(0.576	+	0)	/	1.975
	=	0.29

Rainy Mountain Royalty'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
	=	(0.609	+	0)	/	1.79
	=	0.34

Rainy Mountain Royalty (TSXV:RMO) 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.

Rainy Mountain Royalty Debt-to-Equity Related Terms

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Rainy Mountain Royalty (TSXV:RMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rainy Mountain Royalty Corp (TSXV:RMO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EK7N:Germany

Address

1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5

Website

http://www.rmroyalty.com

Rainy Mountain Royalty Corp is a mineral exploration project generator. The company is engaged in acquiring early-stage exploration opportunities and delivering them drill targets ready to joint venture partners. The company currently holds multiple property interests in Ontario and is primarily focused on shear-hosted gold and base metals properties with associated gold and silver credits. Its property portfolio consists of Marshall Lake and other properties.

Executives

Douglas Lawrence Mason

Director, Senior Officer