Silver North Resources (TSXV:SNAG) Debt-to-Equity : 0.00 (As of Mar. 2023)

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What is Silver North Resources Debt-to-Equity?

Silver North Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.00 Mil. Silver North Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.00 Mil. Silver North Resources's Total Stockholders Equity for the quarter that ended in Mar. 2023 was C$6.78 Mil. Silver North Resources's debt to equity for the quarter that ended in Mar. 2023 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 Silver North Resources's Debt-to-Equity or its related term are showing as below:

TSXV:SNAG'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.

Silver North Resources Debt-to-Equity Historical Data

The historical data trend for Silver North Resources'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.

Silver North Resources Debt-to-Equity Chart

Silver North Resources Annual Data

Trend

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Sep23

Debt-to-Equity

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Silver North Resources Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-	-	-	-

Competitive Comparison of Silver North Resources's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Silver North Resources'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.

Silver North Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver North Resources's Debt-to-Equity falls into.

Silver North Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Silver North Resources's Debt to Equity Ratio for the fiscal year 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	+	0)	/	6.279
	=	0.00

Silver North Resources's Debt to Equity Ratio for the quarter that ended in Mar. 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)	/	6.78
	=	0.00

Silver North Resources (TSXV:SNAG) 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.

Silver North Resources Debt-to-Equity Related Terms

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Silver North Resources (TSXV:SNAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver North Resources Ltd (TSXV:SNAG) » Definitions » Debt-to-Equity

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TARSF:USA

Address

325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.alianzaminerals.com

Silver North Resources Ltd has made new silver discoveries in the Keno Hill Silver District of the Yukon at its Haldane Project, where high-grade silver has been identified in drilling at three target areas. The Company also holds the Tim silver property in southern Yukon, where partner-funded exploration has identified high-grade silver mineralization just 19 km from the Silvertip mine. Silver is a critical component in today's economy due to its myriad of industrial uses. This is only expected to continue, driving long-term growth and the demand for silver. Silver North is ideally positioned to further prove out and expand upon its discoveries, at the stage of the mining development curve traditionally associated with the value increases for shareholders.

Executives

Mark Thomas Brown

Director

Silver North Resources (TSXV:SNAG) Headlines

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