Muzhu Mining (XCNQ:MUZU) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Muzhu Mining Debt-to-Equity?

Muzhu Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Muzhu Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Muzhu Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.98 Mil. Muzhu Mining's debt to equity for the quarter that ended in Dec. 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 Muzhu Mining's Debt-to-Equity or its related term are showing as below:

XCNQ:MUZU'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.

Muzhu Mining Debt-to-Equity Historical Data

The historical data trend for Muzhu 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.

Muzhu Mining Debt-to-Equity Chart

Muzhu Mining Annual Data

Trend

Dec20

Debt-to-Equity

Muzhu Mining Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Muzhu 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.

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

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

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

Muzhu Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Muzhu Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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)	/	-0.149
	=	0.00

Muzhu Mining's Debt to Equity Ratio for the quarter that ended in Dec. 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)	/	0.983
	=	0.00

Muzhu Mining (XCNQ:MUZU) 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.

Muzhu Mining Debt-to-Equity Related Terms

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Muzhu Mining (XCNQ:MUZU) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

Y33:Germany

Address

777 Hornby Street, Suite 600, Vancouver, BC, CAN, V6Z 1S4

Website

https://www.muzhumining.com

Muzhu Mining Ltd is a junior exploration company operating in Quebec, and is engaged in exploration, development and mining of precious metals properties domestically and/or internationally and currently has exploration property agreements in Canada and China. The company holds 100% interest in the Sleeping Giant South Project, located in the Abitibi Greenstone Belt.

Executives

James Christopher Tworek

Deemed Insider - 6 Months before becoming Insider

Muzhu Mining (XCNQ:MUZU) Headlines

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