Trench Metals (TSXV:TMC) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Trench Metals Debt-to-Equity?

Trench Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Trench Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Trench Metals's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$1.33 Mil. Trench Metals's debt to equity for the quarter that ended in Jan. 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 Trench Metals's Debt-to-Equity or its related term are showing as below:

During the past 12 years, the highest Debt-to-Equity Ratio of Trench Metals was 0.07. The lowest was -2.78. And the median was -0.63.

TSXV:TMC's Debt-to-Equity is not ranked ^*
in the Other Energy Sources industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Trench Metals Debt-to-Equity Historical Data

The historical data trend for Trench 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.

* Premium members only.

Trench Metals Debt-to-Equity Chart

Trench Metals Annual Data

Trend

Oct14

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Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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Trench 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															-	-	-	-	-

Competitive Comparison of Trench Metals's Debt-to-Equity

For the Uranium subindustry, Trench 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.

Trench Metals's Debt-to-Equity Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Trench Metals's Debt-to-Equity distribution charts can be found below:

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

Trench Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trench Metals's Debt to Equity Ratio for the fiscal year that ended in Oct. 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)	/	1.16
	=	0.00

Trench 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	+	0)	/	1.326
	=	0.00

Trench Metals (TSXV:TMC) 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.

Trench Metals Debt-to-Equity Related Terms

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

Trench Metals (TSXV:TMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Trench Metals Corp (TSXV:TMC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NVTQF:USA 33H2:Germany

Address

250 - 750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.trenchmetals.com

Trench Metals Corp is engaged in the business of exploration and mining metals. The company focuses on the Gorilla Lake Uranium Project and Higginson Lake Uranium Project.