Sun Summit Minerals (TSXV:SMN) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Sun Summit Minerals Debt-to-Equity?

Sun Summit Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Sun Summit Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Sun Summit Minerals's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$1.76 Mil. Sun Summit Minerals's debt to equity for the quarter that ended in Feb. 2024 was 0.00.

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

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

TSXV:SMN's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Sun Summit Minerals Debt-to-Equity Historical Data

The historical data trend for Sun Summit 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.

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Sun Summit Minerals Debt-to-Equity Chart

Sun Summit Minerals Annual Data

Trend

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Debt-to-Equity

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Sun Summit Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Sun Summit Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Sun Summit 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.

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

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

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

Sun Summit Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sun Summit Minerals's Debt to Equity Ratio for the fiscal year that ended in Nov. 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	+	0)	/	1.998
	=	0.00

Sun Summit Minerals's Debt to Equity Ratio for the quarter that ended in Feb. 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	+	0)	/	1.764
	=	0.00

Sun Summit Minerals (TSXV:SMN) 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.

Sun Summit Minerals Debt-to-Equity Related Terms

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Sun Summit Minerals (TSXV:SMN) Business Description

Industry

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

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SMREF:USA

Address

889 West Pender Street, c/o Suite 800, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sunsummitminerals.com

Sun Summit Minerals Corp is a Canadian mineral exploration company. The company is focused on developing a resource at the flagship Buck Project located in central British Columbia. Its projects include Chunibas Project, 1068 Project, and Other Projects. The company conducts its operations in Canada and Mexico.

Executives

Richard John Billingsley

10% Security Holder