Prudent Minerals (XCNQ:PRUD) Debt-to-Equity : 0.13 (As of Nov. 2023)

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What is Prudent Minerals Debt-to-Equity?

Prudent Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.25 Mil. Prudent Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil. Prudent Minerals's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$1.94 Mil. Prudent Minerals's debt to equity for the quarter that ended in Nov. 2023 was 0.13.

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 Prudent Minerals's Debt-to-Equity or its related term are showing as below:

XCNQ:PRUD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.13 Max: 0.13
Current: 0.13

During the past 3 years, the highest Debt-to-Equity Ratio of Prudent Minerals was 0.13. The lowest was 0.13. And the median was 0.13.

XCNQ:PRUD's Debt-to-Equity is ranked better than
50.23% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XCNQ:PRUD: 0.13

Prudent Minerals Debt-to-Equity Historical Data

The historical data trend for Prudent Minerals'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.

Prudent Minerals Debt-to-Equity Chart

Prudent Minerals Annual Data

Trend

Feb21

Feb22

Feb23

Debt-to-Equity

Prudent Minerals Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial							-	-	-	0.13	0.13

Competitive Comparison of Prudent Minerals's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Prudent Minerals'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.

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

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

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

Prudent Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prudent Minerals's Debt to Equity Ratio for the fiscal year that ended in Feb. 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)	/	1.042
	=	0.00

Prudent Minerals's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.253	+	0)	/	1.942
	=	0.13

Prudent Minerals (XCNQ:PRUD) 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.

Prudent Minerals Debt-to-Equity Related Terms

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Prudent Minerals (XCNQ:PRUD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prudent Minerals Corp (XCNQ:PRUD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

Prudent Minerals Corp is a natural resource company engaged in the acquisition, exploration, and development of mineral properties. Its objective is to conduct an exploration program on the SAT Property located in west central British Columbia.

Prudent Minerals (XCNQ:PRUD) Headlines

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