Moonbound Mining (XCNQ:MML) Debt-to-Equity : 0.14 (As of Jan. 2024)

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What is Moonbound Mining Debt-to-Equity?

Moonbound Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$3.18 Mil. Moonbound Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Moonbound Mining's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$23.18 Mil. Moonbound Mining's debt to equity for the quarter that ended in Jan. 2024 was 0.14.

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 Moonbound Mining's Debt-to-Equity or its related term are showing as below:

XCNQ:MML' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.28 Max: 0.35
Current: 0.14

During the past 2 years, the highest Debt-to-Equity Ratio of Moonbound Mining was 0.35. The lowest was 0.14. And the median was 0.28.

XCNQ:MML's Debt-to-Equity is ranked worse than
50.73% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:MML: 0.14

Moonbound Mining Debt-to-Equity Historical Data

The historical data trend for Moonbound Mining'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.

Moonbound Mining Debt-to-Equity Chart

Moonbound Mining Annual Data

Trend

Apr22

Apr23

Debt-to-Equity

Moonbound Mining Quarterly Data
	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial				0.35	-	-	-	0.14

Competitive Comparison of Moonbound Mining's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Moonbound Mining'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.

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

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

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

Moonbound Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Moonbound Mining'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	+	0)	/	0.569
	=	0.00

Moonbound Mining'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
	=	(3.18	+	0)	/	23.183
	=	0.14

Moonbound Mining (XCNQ:MML) 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.

Moonbound Mining Debt-to-Equity Related Terms

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Moonbound Mining (XCNQ:MML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Moonbound Mining Ltd (XCNQ:MML) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Granville Street, Suite 2820, Vancouver, BC, CAN, V6C 1S4

Website

https://www.mmlmining.ca

Moonbound Mining Ltd is a mineral exploration and development company focused on the Yak Property in Northwestern British Columbia, Canada. The Company's principal business activities include the acquisition and exploration of mineral property assets.

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