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79 Resources (XCNQ:SNR) Debt-to-Equity : 0.00 (As of Dec. 2023)


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What is 79 Resources Debt-to-Equity?

79 Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. 79 Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. 79 Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.55 Mil. 79 Resources'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 79 Resources's Debt-to-Equity or its related term are showing as below:

XCNQ:SNR'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.

79 Resources Debt-to-Equity Historical Data

The historical data trend for 79 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.

79 Resources Debt-to-Equity Chart

79 Resources Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
- - - - -

79 Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of 79 Resources's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, 79 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.


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

For the Metals & Mining industry and Basic Materials sector, 79 Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 79 Resources's Debt-to-Equity falls into.



79 Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

79 Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

79 Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


79 Resources  (XCNQ:SNR) 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.


79 Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of 79 Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


79 Resources (XCNQ:SNR) Business Description

Traded in Other Exchanges
N/A
Address
789 W. Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2
79 Resources Ltd is engaged in the business of acquiring and exploring mineral resource properties. The company has currently two projects Five Point Copper and Gold Project and North Preston Uranium Project.
Executives
Ryan Kalt 10% Security Holder, Director, Senior Officer

79 Resources (XCNQ:SNR) Headlines

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