Magna Terra Minerals (OTCPK:BRIOF) Debt-to-Equity

: -0.06 (As of Nov. 2022)

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Magna Terra Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2022 was $0.01 Mil. Magna Terra Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2022 was $0.00 Mil. Magna Terra Minerals's Total Stockholders Equity for the quarter that ended in Nov. 2022 was $-0.20 Mil. Magna Terra Minerals's debt to equity for the quarter that ended in Nov. 2022 was -0.06.

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

BRIOF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.94 Med: 0.02 Max: 0.21
Current: -0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Magna Terra Minerals was 0.21. The lowest was -0.94. And the median was 0.02.

BRIOF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.15 vs BRIOF: -0.06

Magna Terra Minerals Debt-to-Equity Historical Data

The historical data trend for Magna Terra 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.

Magna Terra Minerals Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Debt-to-Equity

0.01

-0.94

Magna Terra Minerals Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Debt-to-Equity																-	-	-	-	-0.06

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Magna Terra 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.

Annual Data Quarterly Data

Magna Terra Minerals Debt-to-Equity Distribution

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

* The bar in red indicates where Magna Terra Minerals's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.

Magna Terra Minerals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magna Terra Minerals's Debt to Equity Ratio for the fiscal year that ended in Aug. 2022 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)	/	0.031741116358288
	=	0.00

Magna Terra Minerals's Debt to Equity Ratio for the quarter that ended in Nov. 2022 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
	=	(0.011889722820837	+	0)	/	-0.20361150330683
	=	-0.06

Magna Terra Minerals (OTCPK:BRIOF) 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.

Magna Terra Minerals Debt-to-Equity Related Terms

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Magna Terra Minerals (OTCPK:BRIOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Terra Minerals Inc (OTCPK:BRIOF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MTT:Canada

Address

20 Adelaide Street East, Suite 915, Toronto, ON, CAN, M5C 2T6

Website

http://www.magnaterraminerals.com

Magna Terra Minerals Inc is a Canada-based mineral exploration company. Principally, it is engaged in the business of acquisition and exploration of mining properties in Argentina and Canada. Its project includes Atlantic Canada; Santa Cruz and Quebec projects.