Prospect Ridge Resources (XCNQ:PRR) Debt-to-Equity : 0.04 (As of Feb. 2024)

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What is Prospect Ridge Resources Debt-to-Equity?

Prospect Ridge Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.09 Mil. Prospect Ridge Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.14 Mil. Prospect Ridge Resources's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$5.65 Mil. Prospect Ridge Resources's debt to equity for the quarter that ended in Feb. 2024 was 0.04.

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 Prospect Ridge Resources's Debt-to-Equity or its related term are showing as below:

XCNQ:PRR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.05
Current: 0.04

During the past 4 years, the highest Debt-to-Equity Ratio of Prospect Ridge Resources was 0.05. The lowest was 0.00. And the median was 0.02.

XCNQ:PRR's Debt-to-Equity is ranked better than
70.43% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:PRR: 0.04

Prospect Ridge Resources Debt-to-Equity Historical Data

The historical data trend for Prospect Ridge 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.

Prospect Ridge Resources Debt-to-Equity Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

0.04

0.05

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial								0.02	0.02	0.05	0.04	0.04

Competitive Comparison of Prospect Ridge Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Prospect Ridge 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.

Prospect Ridge Resources's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Prospect Ridge Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prospect Ridge Resources's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.11	+	0.182)	/	6.441
	=	0.05

Prospect Ridge Resources'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
	=	(0.088	+	0.137)	/	5.647
	=	0.04

Prospect Ridge Resources (XCNQ:PRR) 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.

Prospect Ridge Resources Debt-to-Equity Related Terms

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Prospect Ridge Resources (XCNQ:PRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Ridge Resources Corp (XCNQ:PRR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PRRSF:USA

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.

Executives

Michael Alexander Iverson	Director, Senior Officer
Yan Ducharme	Senior Officer

Prospect Ridge Resources (XCNQ:PRR) Headlines

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